Personal Financial Manahement - Unit One Jeopardy

Question 0

The % at which your money grows

Answer 0

Rate of return

Question 1

What are the keys to saving money? (3)

Answer 1

Making saving a habit and a priority

Discipline

Focus

Question 2

As the risk goes up so should the return

Answer 2

Risk return ratio

Question 3

How many companies are in an average mutual fund?

Answer 3

90-200 companies

Question 4

What are risks to consider when investing? (3)

Answer 4

You could lose all your money

️Inflation

Your money is not liquid

Question 5

What is an IRA?

Answer 5

The tax treatment that can be virtually any type of investment

Question 6

What should you do with your retirement funds if your company does not provide a 401(k) match?

Answer 6

Max out your Roth IRA and then invest in your 401(k)

Question 7

If you own $100 shares of stock you bought at $10, and today it is worth $15, what is your profit?

Answer 7

$10 x 100 = $100 (before)

$15 x 100 = $1,500 (now)

Profit: $500

Question 8

The 4 types of funds you should invest 25% each in your mutual funds (4)

Answer 8

Growth and income

Growth

Aggressive growth

International