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Tuesday Quiz

Economics quiz 2-17-15

Does anyone know what the stock market is going to do? No, cannot foretell the future
Who is the most successful investor? Warren Buffet
How did Warren Buffet say he achieved being the most successful investor? He says to hold your stocks for the long term
Pain of loss compared to reward from gain means? Remember the loss is twice as strong as the reward from gain
What are two things we can know for sure: 1. Diversification can reduce risk, takes skill and the mix matter 2. Successful investors look beyond short term fluctuations
What are several reasons not to invest? stock market crash, 9/11, Y2K, Nixon's resignation
What is a CD? Certificate of Deposit
What does Dave Ramsey call a CD? Certificate of Depression
Is interest rate high or low with a CD? Low
Treasury Bill fixed and too low in investments
What number of years did we have a positive rate in return in the stock market? 50 out of 69 years
Which is more important? Timing the market or the length of time you put it in? Time is more important than timing
What is investing and reinvesting your money? compound interest
How often should you invest? regularly
What are the benefits of regular investing? encourages discipline, offers a systematic approach, keeps you investing in the down markets, and eases anxiety
What are the best days to buy? 40% during a bare market, and 34% in the first two months of a bull market catch: (no one knows if its a bull market), 26% during the rest of the bull market
What do you want to try and avoid when investing? Buying high and selling low
With a mutual fund what kind of access do you have to your money? easy access
Created by: a.allsup