FinLit 101 - A Conversation with Our CEO, Yohance Harrison

22/01/2021 36 min Temporada 2 Episodio 9
FinLit 101 - A Conversation with Our CEO, Yohance Harrison

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Episode Synopsis

The "Big Three" questions of "Financial Literacy Around the World: An Overview" will provide you a baseline for understanding your level of financial literacy.Before listening to the episode, take our quiz to test your financial literacy!1) Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5years, how much do you think you would have in the account if you left the money to grow?a. More than $102b. Exactly $102c. Less than $102d. I do not know2) Imagine that your savings accounts' interest rate was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?a. More than todayb. the samec. Less than todayd. I Do not know3) Please tell me whether this statement is true or false. “Buying a single company’s stockusually provides a safer return than a stock mutual fund.”a. Trueb. Falsec. Do not knowYou're invited to a seminar on the investing mistakes you may not know you're making!When: Wednesday, February 10, 2021 @ 2pm PST | 5pm ESTRegardless of how sophisticated or well-intentioned an investor you are, we are all susceptible to thoughts and emotions that can be detrimental to our investments. Join us to discuss:What behaviors to watch out for.The impact they can have on your wealth.How to minimize the impact of emotions on your investments.Click here to RSVP!Support the show