Financial Advise (Introduction test) Flashcards
(9 cards)
What is an ETF?
Exchange traded fund- this allows you to invest in several different assets to diversify your money.
What is a Pension?
A pension is a fund that you get access too once you retire- your employer matches 5% of your salary into the pension
What is a Crypto Currency?
Crypto is a form of digital currency, anyone can invest in crypto currencies, but you need to make sure you do it the right way
What is Currency investing?
Currency investing is where you invest in different forms of currencies and sell them when they are above the price that you bought them. it can be very time consuming
What is an index fund?
An index fund is a type of investment fund designed to track the performance of a specific market index which aims to match its returns. This allows investors to have diversification.
What are dividends?
The % of profit each shareholder gets
What are investments?
Purchasing assets that yield a (positive) financial return in the future
What are equities?
Value of the shares issued by the specific company.
What are capital gains
Profit from the sale or investment.
