Assess Yourself
Are you ready to take this lesson's quiz? The questions below will help you find out. Make sure you understand why each correct answer is correct—if you don't, review that part of the lesson.
What is one way investing has changed with technology?
- Buying investments involves using social media.
- With technology, you have faster access to more information.
- Buying investments involves visiting the stock market.
- With technology there is more reliable information.
It is important to learn how to filter out information, utilize reliable sources, and evaluate the information in front of you before making investment decisions.
It is important to learn how to filter out information, utilize reliable sources, and evaluate the information in front of you before making investment decisions.
It is important to learn how to filter out information, utilize reliable sources, and evaluate the information in front of you before making investment decisions.
It is important to learn how to filter out information, utilize reliable sources, and evaluate the information in front of you before making investment decisions.
How has technology affected investing negatively?
- There is more unreliable news through social media.
- With technology, there is more reliable information.
- You have access to company websites and information.
- Fees are less because you have more online brokers to choose from.
Technology has increased the number of platforms to circulate stock ideas and observations, which can be incorrect.
Technology has increased the number of platforms to circulate stock ideas and observations, which can be incorrect.
Technology has increased the number of platforms to circulate stock ideas and observations, which can be incorrect.
Technology has increased the number of platforms to circulate stock ideas and observations, which can be incorrect.
Which phrase BEST describes the term herding when it comes to investing?
- selling off stocks with no research
- buying stocks at a high price and selling low
- following what other investors are doing
- researching investments and doing your own thing
Herding can lead to reactions such as investing in stocks with lack of justification, and it goes against the best principles of investing. Investors must be careful to not react.
Herding can lead to reactions such as investing in stocks with lack of justification, and it goes against the best principles of investing. Investors must be careful to not react.
Herding can lead to reactions such as investing in stocks with lack of justification, and it goes against the best principles of investing. Investors must be careful to not react.
Herding can lead to reactions such as investing in stocks with lack of justification, and it goes against the best principles of investing. Investors must be careful to not react.
What is a disadvantage of micro-investing?
- Investments are diversified.
- There is no account minimum.
- You have limited account options.
- You need a large amount of money.
Micro-investing is investing in small increments by buying fractions of shares.
Micro-investing is investing in small increments by buying fractions of shares.
Micro-investing is investing in small increments by buying fractions of shares.
Micro-investing is investing in small increments by buying fractions of shares.
What is an advantage of using a robo-advisor to manage your investments?
- There is a lack of human interaction
- You are able to make your own investment choices.
- A robo-advisor charges lower fees than an investment broker.
- You need $10,000 or more to invest with a robo-advisor.
Robo-advisors are automated investing services that use computer software to build and manage your investment portfolio.
Robo-advisors are automated investing services that use computer software to build and manage your investment portfolio.
Robo-advisors are automated investing services that use computer software to build and manage your investment portfolio.
Robo-advisors are automated investing services that use computer software to build and manage your investment portfolio.
Which investing option would be best for Xavier who enjoys using technology, grew up in a family who invested often, and prefers to make decisions on his own?
- Hold off on investing until retirement.
- Use a financial planner for investing.
- Visit the stock market for investing.
- Use a robo-advisor for investing.
Factors to consider when using a computer or app for investing include technology know-how, investment knowledge, and time available.
Factors to consider when using a computer or app for investing include technology know-how, investment knowledge, and time available.
Factors to consider when using a computer or app for investing include technology know-how, investment knowledge, and time available.
Factors to consider when using a computer or app for investing include technology know-how, investment knowledge, and time available.
Summary
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