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6.5 Start INvesting
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After reaching the legal age in your state, usually between 18 to 21, you’ll become the owner of the custodial investment account.
True
False
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When you purchase a _______, you own a piece of that company and are willing to make or lose money based on how the stock price changes.
bond
index fund
stock
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Loans from investors to companies, the gov't, or other financial institutions that must be repaid with interest
index funds
stocks
bonds
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Why should you start investing at a young age?
Your money will have time to grown by the time you're an older adult.
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When you invest in an index fund, own a part of hundreds of companies.
True
False
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If you're a minor, a guardian can open up an investment account for you and help you manage it.
True
False
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Instead of picking individual stocks, a better strategy is to invest in ________because it includes a mix of multiple stocks and helps you diversify.
bonds
index funds
stocks
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A _________________ is a person or firm that offers investment accounts.
broker
teacher
realtor
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