7 Questions
Which of the following is a recommended step before starting to invest?
Understanding investing risks
What is the recommended amount of cash or savings to have as an emergency fund?
3-6 months of living expenses
Why is it important to pay off credit card debt before investing?
Credit card debt has a high interest rate
Which of the following is NOT a recommended rule for beginning investors?
Diversify your investments
What is the recommended asset allocation for a long-term investment goal that is 15 to 30 years away?
60% to 70% in stocks and the rest in bonds
What is the main advantage of using fintech (financial technology) in stock markets?
Makes data analytics more accessible
What do stock exchanges facilitate the trading of?
Stocks, bonds, and exchange-traded funds (ETFs)
Learn the essential steps to start investing and secure your financial future in this informative quiz. Discover how to get your finances in order, understand the risks involved, and choose the right investment strategy. Explore the importance of diversification and investing for the long-term. Get ready to take control of your financial future and make smart investment decisions.
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