Test 2 - Investing.

Please read each statement carefully, then indicate if it is "True" or "False". When done, click on the button "Check Answers".

 

1. Investing has long been something that people generally always discuss amongst themselves.

True  False
 

2. An investment club is a group of people who pool their money to make investments.

True  False

 

3. Start preparing in advance for a debt free retirement by preparing an investment plan.

True  False

 

4. A 401K is a savings program is not available through most employers.

True  False

 

5. Do not consider mutual funds because stocks generally carry less risk.

True  False

 

6. The best strategy to grow your money and stay debt free is to make consistent investments over a long period of time.

True  False

 

7. Annuities offer several advantages such as earnings from annuities grow tax free until withdrawn at retirement.

True  False

 

8. Repaying a debt is just slightly better than getting that same return on an investment.

True  False

 

9. Financial advisors advise you to borrow money from your 401(k) investment plan.

True  False

 

10. Dollar cost averaging is a technique designed to reduce marker risk through the systematic purchase of securities at predetermined intervals and set amounts.

True  False

 

11. Make cuts you can live with, so you can invest more for the future.

True  False

 

12. You should rely solely on your 401K and not invest in other areas for retirement.

True  False

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