Most people do a poor job of making a wise car purchase.
Answer: true
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Personal Finance
- Depending upon the complexity of a parents? financial situation, an adult child can use do-it-yourself form kits, download do-it-yourself forms from online websites, or can enlist the help of an attorney to help manage their parents? finances.
- Although it is important to talk about money with children, it is not important to talk to parents about money.
- A will is nothing more than a legal document that lets everyone know how and to whom money and other possessions are distributed upon death.
- There is rarely much emotional energy in a money conversation.
- There is not set number of checking accounts that will work for every couple.
- Talking about money is always easy.
- An expensive wedding dress is always worth the expense.
- Fortunately, many marriages never end.
- It is a good idea to wait until parents are comfortable with money to begin teaching children good money habits.
- According to experts most adult children know a lot about their parents? finances since they expect to have to help their parents financially in the future.
- Few new investors have trouble guarding against fear of loss.
- Most complicated investment choices and investment strategies do not make better investments than quality simple investment choices.
- When investing, mutual funds provide immediate diversification.
- A mutual fund brings together thousands of small investors and pools together everyone's resources.
- An index mutual fund does not incur all those commissions from frequently trading stocks that an actively managed mutual fund does.
- The __________ the investment horizon, the greater the level of risk that can be accepted.
- ________ risk can be avoided but total risk cannot be eliminated altogether.
- An __________ mutual fund does not incur all those commissions from frequently trading stocks that an actively managed mutual fund does.
- When beginning to invest it is usually best to avoid simple investments.
- The more complex the investment:
- Flexibility and mobility are the keys to successfully managing a career early on.
- On nearly all real estate contracts there are contingency clauses.
- Tax benefits, possibility of building equity, and a hedge against inflation are advantages of:
- When shopping for home mortgages:
- Since it is unlike any other purchase, it is unnecessary to shop around for mortgage companies that have the best rates and the best service.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.