Economics quiz 2-17-15
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Does anyone know what the stock market is going to do? | No, cannot foretell the future
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| Who is the most successful investor? | Warren Buffet
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| How did Warren Buffet say he achieved being the most successful investor? | He says to hold your stocks for the long term
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| Pain of loss compared to reward from gain means? | Remember the loss is twice as strong as the reward from gain
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| 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
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| What are several reasons not to invest? | stock market crash, 9/11, Y2K, Nixon's resignation
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| What is a CD? | Certificate of Deposit
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| What does Dave Ramsey call a CD? | Certificate of Depression
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| Is interest rate high or low with a CD? | Low
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| Treasury Bill | fixed and too low in investments
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| What number of years did we have a positive rate in return in the stock market? | 50 out of 69 years
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| Which is more important? Timing the market or the length of time you put it in? | Time is more important than timing
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| What is investing and reinvesting your money? | compound interest
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| How often should you invest? | regularly
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| What are the benefits of regular investing? | encourages discipline, offers a systematic approach, keeps you investing in the down markets, and eases anxiety
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| 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
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| What do you want to try and avoid when investing? | Buying high and selling low
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| With a mutual fund what kind of access do you have to your money? | easy access
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