Oct 28, 2020
Do You Know How to Manage Your Money in Good and Bad Times?
Find out with this quiz.
Do You Know How to Manage Your Money in Good and Bad Times?
Which kind of market is characterized as a period in which stocks are falling?
Bear market. This is right. A bear market is characterized as a period in which stocks are falling. A bull market is the opposite.
Do You Know How to Manage Your Money in Good and Bad Times?
What is one reason you might use an emergency fund?
To make ends meet during a move. The money in an emergency fund should be easily accessible to you and is intended to be used in times of crisis.
Do You Know How to Manage Your Money in Good and Bad Times?
Should you continue to invest regularly during a market turndown?
Yes. If you have the budget, you should invest regularly with a set schedule through market downturns. A long-term perspective is ideal, because historically markets trend upwards over time.
Do You Know How to Manage Your Money in Good and Bad Times?
Should you withdraw money from your retirement accounts during a market downturn?
No. We don’t recommend that you withdraw money from your retirement accounts before you reach the required age because early withdrawals may result in penalties.
Do You Know How to Manage Your Money in Good and Bad Times?
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Written by
Stash Team
*Completing the quiz does not imply any level of skill or training on the part of any customer.
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