FIN 101 Study Guide - Quiz Guide: Preferred Stock, Federal Supplement, S&P 500 Index
10 Nov 2016
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Document Summary
Main federal form used to qualify for financial aid. Start application for college help is to fill out fasfa. Scholarships & grants, student loans and work-study. Government pays interest in college and 6 months after graduation. The advantages of 529 prepaid college tuition plans. Locks in tuition rates before they are needed. Earn in a state income tax deduction. Looks very much like an index mutual fund, but it is traded like a stock in open market. The order of investments from most risky to least risky. Stocks, mutual funds, real estate, bonds, annuities, cash. Calculation: the total cost/amount of your investment. The suggested asset allocation for the investors ages are between 20 and 30. Use of borrowed money to increase your purchasing power. Reduction of risk by spreading investment dollars over numerous stocks and bonds to minimize impact should one of the investments turn bad.
