Mastering Investment Basics
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Questions and Answers

Which of the following is a recommended step before starting to invest?

  • Knowing what you're investing for
  • Diversifying investments
  • Understanding investing risks (correct)
  • Picking an investment strategy

    • What is the recommended amount of cash or savings to have as an emergency fund?

  • 9-12 months of living expenses
  • 6-9 months of living expenses
  • 1-3 months of living expenses
  • 3-6 months of living expenses (correct)

    • Why is it important to pay off credit card debt before investing?

  • Investments can help pay off credit card debt
  • Investing is more important than paying off debt
  • Credit card debt does not affect investing
  • Credit card debt has a high interest rate (correct)

    • Which of the following is NOT a recommended rule for beginning investors?

    <p>Diversify your investments</p> Signup and view all the answers

    What is the recommended asset allocation for a long-term investment goal that is 15 to 30 years away?

    <p>60% to 70% in stocks and the rest in bonds</p> Signup and view all the answers

    What is the main advantage of using fintech (financial technology) in stock markets?

    <p>Makes data analytics more accessible</p> Signup and view all the answers

    What do stock exchanges facilitate the trading of?

    <p>Stocks, bonds, and exchange-traded funds (ETFs)</p> Signup and view all the answers

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