Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following is a key step to take before starting to invest?
Which of the following is a key step to take before starting to invest?
- Pick a Strategy and Stick with It
- Understand Investing Risks
- Get Your Finances in Order (correct)
- Diversify your investments
What is the recommended amount to have in an emergency fund?
What is the recommended amount to have in an emergency fund?
- Three months of total living expenses
- Six months of total living expenses (correct)
- Two years of total living expenses
- One year of total living expenses
How does the level of risk affect the potential return on an investment?
How does the level of risk affect the potential return on an investment?
- Higher risk leads to lower potential return
- Higher risk leads to higher potential return (correct)
- Risk and return are not related
- Lower risk leads to higher potential return
Which of the following is a recommended strategy for long-term investing?
Which of the following is a recommended strategy for long-term investing?
Signup and view all the answers
What is the recommended asset allocation for a long-term investment goal that is 5 to 15 years away?
What is the recommended asset allocation for a long-term investment goal that is 5 to 15 years away?
Signup and view all the answers
What is the main advantage of using fintech in stock markets?
What is the main advantage of using fintech in stock markets?
Signup and view all the answers
What should you consider when hiring a financial advisor?
What should you consider when hiring a financial advisor?
Signup and view all the answers
