Saving vs. Investing

Which of the following are true about savings? Select all that apply.

• Typically needs to be accessible easily and quickly

• Has a higher return with a higher risk

• Act of putting away money for a future expense or need.

• Can be for short term and long term goals

T/F: You can lose money on investments.

• True

• False

If you're looking to invest money, you should be able to keep your funds in the investment for at least ___-___ years.

Savings products can include: (Select all that apply)

• Savings accounts

• CDs (Certificate of Deposits)

• Money markets

• Stocks

______ means you can get your money when you need it.

If you need the money within a year or so, or any type of emergency, you should choose:

• Savings options

• Investing options

If you don't need the money for the next 3+ years and you're okay with some risk involved, you should choose:

• Savings options

• Investment options

If I need assistance with investing, who should I utilize?

• Friend

• Bank

• Brokerage