Investing and Estate Planning

What percentage of your income did Dave Ramsey suggest putting away for retirement?

• 5%

• 10%

• 15%

• 25%

Investments generally offer higher returns than a savings account.

• True

• False

You are ready to invest when:

• You do not have excessive debt

• You have adequate insurance protection

• You have 3-6 months of living expenses in savings

• All of the above

Inflation means that prices are declining.

• True

• False

When you purchase stock, you have ownership interest in that company.

• True

• False

All stocks pay dividends.

• True

• False

An Initial Public Offering (IPO) is a company's first sale of stock to the public.

• True

• False

The 2 Major Secondary Markets are:

• New York Stock Exchange (NYSE)

• American Stock Buyers Market (ASBM)

• National Association of Securities Dealers Automated Quotation (NASDAQ)

• A and C

A Bond is a certificate of debt issued by a corporation or government.

• True

• False

When you purchase a US Government Bond, the government doesn't have to pay you back your investment plus interest.

• True

• False