Dave Ramsey Ch 12 Test

Front

What is The Fifth Foundation?

Back

Build wealth and give.

Front

A security that represents part ownership of a company is called a(n) ____.

Back

Stock

Front

When you invest in a mutual fund, you are contributing to a pool of money that will be...

Back

Invested in a mix of stocks, bonds, and money market accounts

Front

Diversification reduces your ____ by using a mix of investment types in your portfolio.

Back

Risk

Front

______ is the cure for ____

Back

Certificate of Deposit

Front

______ is the process of figuring out how much money you'll need in retirement and creating a plan to get there.

Back

Retirement planning

Front

Before you invest, you should make sure a mutual fund has done well for 5-10 years.

Back

True

Front

When riding the highs and lows of the stock market, remember...

Back

It will level out, so stick with it.

Front

Roth IRA, 401(k), 403(b), 457, and Simplified Employee Pension are all examples of ____.

Back

Retirement plans

Front

Social Security benefits are meant to ____ your income.

Back

Replace 40% of your income.