Upgrade to remove ads
Only $35.99/year

Insurance & Investing - Fin Lit 2020

Terms in this set (22)

car prices
too low (invoice), fair (true market value), too high (sticker, aka MSRP)
gap insurance
for your car loan, not your job/employment
diversification
reduce risk by using many kinds of different investments
style box
a tool that helps portfolio that provides diversification
mutual fund
a shared portfolio that provides diversification
stock
certificate of ownership
moderate risk
bonds
risk tolerance
will affect your asset allocation (more tolerance = more stocks)
time horizon
will affect your asset allocation (more time = more stocks)
carfax.com
car VIN required
VIN
like a SSN but for cars
return
profit from a portfolio of investments
liability insurance
your fault, the other car
collision insurance
your fault, your car
comprehensive insurance
natureś fault, your car
security deposit & down payment
security deposit = emergency money in case something happens that you have to pay for (flood in your apartment)
down payment = initial payment paid when something is bought on credit
more miles you drive
lower the value of your car
over a long-term
leasing tends to be more expensive than buying
renters insurance
protects the tenantś possessions (not the building)
buy only in safe investments
avoid big dips but you´ll lose the inflation battle
lower deductible
higher premium
higher limit
higher premium
Other sets by this creator