polmear: stock market game

On average, how much can you save by going to a 2 year college as part of your 4 year degree program?

$16,000

How long does the average hiring manager spend reading each resume?

6 seconds

What was the biggest event leading to stocks being the most frequently traded security type on the exchange?

The Industrial Revolution

What is a mutual fund?

A pool of securities you can buy as an investment

Where should you factor spending on charity to your spending plan?

Both as part of your fixed and variable spending

What was the name of New York City when Wall Street was first built?

New Amsterdam

when calculating percent changes, how many rows of percentages will you end with?

1 fewer row than numbers of days

how many application does a typical job posting get

250

Why would a lender want to see your credit report?

To assess how likely you are to pay back the loan

Which of the following is not a permissible use of a credit report?

A creditor looking to check any previous judgements against you after they have already given you a loan

How should you use your Objective Statement?

A free space for messages with keywords specific for each job you apply for

What does stock represent?

A percentage of ownership of a company including assets and profits

What is the currency in the United States backed by?

debt

where can you change how the charts colors and legend appears?

design on the top menu

Which of the following is not necessary for every interview?

full suit/dress clothes

What makes a Project budget different from a Living budget?

A project budget is only for a specific period of time

What does it mean to "Diversify" your portfolio?

A&B A. To hold more than 1 stock B. For your stocks to not be all in the same area of the economy

Which of the following will make the biggest impact on your long-term financial goals?

A&C A. A change of your Fixed Needs in your living budget C. A change in your income

What is an important factor to look for when shopping for a credit card?

A. Credit limit B. Interest rate C. Extra fees

What factors should you take into consideration when making any purchase?

A. How much do I value it, and is it less than the price? B. What are my non-spending alternatives (like time)? C. How much influence is the marketing having over my decision?

What tools does HowTheMarketWorks have to help you choose stocks?

A. Suggested Stocks lists B. Current market news C. Research tools with company information and quotes

How can you tell what professional stock analysts recommend?

A. The Chaikin Analytics tool on the trading page B. The Analysts page of the Quotes tool C. Searching for stock symbols on business websites

What is an Index ETF?

An ETF that tracks a stock index, like the S&P 500

Which of the following items would negatively impact your credit score?

An agency requesting to see your credit report

Who would be the most likely to buy an Inverse ETF?

An investor who normally is not able to short-sell in their portfolio

who would be the least likely to buy a Leveraged ETF?

An investor who thinks the underlying index will slowly go up over time

If you want to buy something and already know it is better than all the alternatives without checking, you probably...

Are subconsciously relying on what you learned in that product's marketing

How many industry peers can you see in a list at once?

As many as you want

What is the most common method of interest calculation?

Average daily balance

What makes up a "Ticker Symbol" in the United States?

Between 1 and 5 letters only

What is the most common winning investment strategies for new beginners?

Buy what you know

How can you calculate the profit and loss per trade if you buy and sell different amounts at different times?

By using an "Average Cost" calculation for both your buys and sells, then subtracting

Which type of balance typically carries the highest interest rate?

Cash Advances

What investment is similar to the first Paper Money?

Certificates of Deposit

Which of the following do not appear in the Sectors listing?

Corporate Bonds

Which of these is different between ETFs and Mutual Funds?

ETFs usually have lower fees than mutual funds

Which of the following is an advantage credit cards have over debit cards?

Fewer transaction limits

How should you sort your data to calculate the profit and loss?

First symbol, then date

How should you approach commonly-asked interview questions?

Have a response ready, but make sure it is tailored specifically for the job you are applying for, with serious thought

What should you look for when buying stock of a company you know?

If their stores always seem busy

What is a danger of over-diversification?

If your investments are spread thin, it is hard to beat the market

Why would you want to diversify between sectors?

In case a sector-wide event causes all stocks to drop

Which of the following changes can you make to your spending plan that will have the biggest impact on your long-term wealth?

Increase the amount of "Fixed Spending" you make every month

Which of the following is prohibited under the CARD Act?

Increasing your interest rate within 1 year of opening your credit card

Which is a characteristic of open-ended mutual funds?

Investors typically hold fractions of shares

Why do investors use financial statements when conducting fundamental analysis?

It lets investors compare companies directly, apples to apples

Why did investors start using ticker symbols?

It was faster to move news using telegraphs with short names

How do you buy ETFs?

Like a stock, with the price constantly updating

Which of the following will have the smallest impact on your long-term spending plan?

Making friends with expensive tastes in clothes and food

Which of the following will most likely hurt your chances of getting the job?

Making it clear you do not like certain aspects of the position

If you choose a Passive investing strategy, how will your portfolio look with its first allocation?

Mostly ETFs of industries you think will grow

What is one difference between Mutual Funds and ETFs?

Mutual Funds cannot be day-traded

What is a disadvantage of Mutual Funds?

Mutual funds can have maintenance fees regardless of fund performance

Which of these is NOT one of the causes of the stock crash?

New technologies made many old companies to fail

How often can you see your credit report for free?

Once per year

Where did traders in New York originally meet?

Outside near a buttonwood tree

What is an Emergency Fund?

Part of your savings based on your net worth that you set aside

Which of the following is best suited for a Project budget?

Planning to buy a new car

Why is speculative trading dangerous?

Prices become based on hype instead of value of the company, and so are likely to crash

What is a good way to stay diversified?

Re-balance your portfolio every 3 months

Where were stocks first created?

Rome

Over the last 30 years or so, which investment produced the highest percentage returns?

STOCKS

What does it mean to "Pay Yourself First"?

Savings should be part of your "necessary spending" that you make before anything else

What is preferred stock?

Stock that gets paid dividends first

How can you find stock news about any company?

The Quotes page on HowTheMarketWorks

Which of these buildings have NOT been located on Wall Street?

The Supreme Court

Who is normally the first agent of a company to review if your resume is a good fit for the job?

The company's Application Tracking Software

What does a Stock Quote represent?

The last price a seller and buyer agreed to to make a trade

In the late 1800s, what factors led to the growth of the NYSE?

The need for funds to finance new companies and build railroads

Which of the following is NOT part of a Spending Plan?

The specific stocks you buy as part of your investments

Which of these items can you find in a stock quote?

The stock's current daily volume

What is a grace period?

The time between when you make a purchase and when interest is added

What is "Net Change"?

The total amount a stock's price has changed since the previous trading day

What does it mean if a stock is near its Resistance line?

The trend suggests the stock's price will fall

Why would a stock have a ".A" at the end of its ticker symbol?

There are multiple classes of stock for this company

Why do Reserve Requirements exist?

To make sure banks have enough cash to serve customers who want to withdraw

What is Capital Preservation?

To make sure you don't lose your initial investment

From which report do you get your trades to calculate profit and loss?

Transaction History

Where can you find the "Sectors" tab?

Under the "Markets" Section

What type of expense is holiday shopping for gifts?

Variable Needs

What is an IPO?

When a company first sells shares of stock to the public

Why did margin trading cause so many problems?

When stocks used as collateral started to lose value, brokers forced borrowers to pay back loans immediately

What is an advantage of a higher credit limit?

You are able to make larger purchases if you need to

Which is one major advantage of Mutual Funds?

You have a fund manager so you do not need to constantly monitor your investments

What happens when you make the minimum monthly payments on your credit card?

You pay the greatest amount in interest for the life of the loan

How can you budget your Variable Wants?

Your account reconciliation from last month showing how much you usually spend

Which of the following would not be included in your credit report?

Your credit score

Which business would likely only accept a credit card payment?

a car rental

what kind of graph is best for seeing your portfolio value over time?

a line graph

Why would you take an adjustable rate mortgage over a fixed rate?

adjustable rates tend to have lower interest rates than fixed rates

Why is saving necessary before investing?

all of the above A. Investing is risky, so you need savings to fall back on B. You can't invest until you've saved up a certain amount C. Savings are directly converted from cash, while investments need more careful planning

which is most likely to get blacklisted

applying for multiple jobs you dont qualify for

What was the most frequently traded security type in the early days of Wall Street?

bonds

when should you start looking for job postings in the field you want to work

right now.

Over the last 90 years, which investment produced the most volatile returns?

stocks