Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
18 Cards in this Set
- Front
- Back
|
1 way to tell its a mutual fund by the ticker?
|
ends in X
|
|
|
Amount of portfolio that should be in domestic and international?
|
50 50
|
|
|
The largest benefit of ETF over mutual fund?
|
alot cheaper and tax advantages
|
|
|
What does a spyder track? what a bout a diamond?
|
SP500, DJIA
|
|
|
ETF's trade like
|
stocks
|
|
|
5 things newbies need to avoid?
|
play it too safe, disregarding risk, overpaying, investing based on headlines, cutting and running
|
|
|
Difference between Balance sheet for corporate finance and personal
|
Personal is fair market value of all assets
|
|
|
Equation for personal balance sheet?
|
assets = libs +net worth
|
|
|
If your net worth is ________ you are ______ and have enough assets to cover your financial obligations
|
positive solvent
|
|
|
If your net worth is _________ your
________ and do not have enough assets to cover your financial obligations |
Negative insolvent
|
|
|
is there accrual accounting in personal finance?
|
no
|
|
|
total income - total expenses=
|
cash surplus or deficit
|
|
|
Deficit spending does what?
|
decrease net worth
|
|
|
A short term financial plan that helps you achieve your financial objectives?
|
budget
|
|
|
Total debt over total assets=
|
financial leverage ratio
|
|
|
What ratio do you look at to see, can you pay our bills? what is it? what number?
|
Liquidity ratio, Liquid assets over total current debt, less then one means you need to borrow
|
|
|
Which ratio does the US suck at? and what is the equation
|
savings ratio, contribution to savings over income after taxes
|
|
|
Whats the debt service ratio
|
total monthly loan payments/ total monthly income
|
