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Financial Literacy Grade 9-12

Financial Literacy: Investing Basics: Risk, Return, and Diversification

Understanding how investment choices balance potential growth and uncertainty

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Practice key investing concepts, including risk, return, diversification, asset allocation, compound growth, and the tradeoffs investors consider when building a portfolio.

Read each problem carefully. Show calculations when needed and explain your reasoning in complete sentences.

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Understanding how investment choices balance potential growth and uncertainty

Financial Literacy - Grade 9-12

Instructions: Read each problem carefully. Show calculations when needed and explain your reasoning in complete sentences.
  1. 1

    Define risk and return in the context of investing. Then explain how they are usually related.

  2. 2

    Maya invests $1,000 in a stock fund. After one year, the fund is worth $1,080. What is her rate of return for the year?

  3. 3

    A savings account pays a 2% annual return, while a stock fund has an expected annual return of 8%. Explain why the stock fund might not always be the better choice.

  4. 4
    Three stacked return-range bars with increasing spread, showing increasing investment risk.

    Look at the investment options below: Option A has a possible return range of 1% to 3%, Option B has a possible return range of -10% to 15%, and Option C has a possible return range of -30% to 40%. Rank the options from lowest risk to highest risk and explain your choice.

  5. 5

    Explain diversification in your own words. Include why owning only one company's stock can be risky.

  6. 6

    Jordan owns stock in 20 different technology companies but no other industries. Is Jordan fully diversified? Explain.

  7. 7
    Pie chart showing a portfolio divided into three asset portions.

    A portfolio contains 50% stocks, 40% bonds, and 10% cash. If the total portfolio is worth $12,000, how many dollars are invested in each asset type?

  8. 8

    An investment grows from $2,500 to $3,000 over two years. What is the total dollar gain and total percentage return over the two years?

  9. 9
    Comparison of one-company investing versus a diversified basket of different industries.

    Two investors each have $5,000. Investor A puts all $5,000 into one restaurant company. Investor B puts $1,000 each into five companies in different industries. Which investor is more diversified, and why?

  10. 10

    A bond fund is expected to have lower risk and lower return than a stock fund. Describe one reason a person might still choose the bond fund.

  11. 11
    Three stacked portfolio bars showing different stock and bond proportions.

    The chart shows three portfolios. Portfolio X is 90% stocks and 10% bonds. Portfolio Y is 60% stocks and 40% bonds. Portfolio Z is 30% stocks and 70% bonds. Which portfolio is likely the most aggressive, and which is likely the most conservative? Explain.

  12. 12

    Explain how time horizon can affect investment choices. Compare a person saving for retirement in 40 years with a person saving for a car next year.

  13. 13
    An index fund basket containing many companies, showing that one company’s problem has limited impact.

    An index fund owns shares of hundreds of companies. Explain how this can help reduce company-specific risk.

  14. 14

    The table shows annual returns for two investments over three years. Investment A: 6%, 6%, 6%. Investment B: 20%, -10%, 8%. Which investment had more predictable returns? Explain.

  15. 15

    Lena says, 'Diversification guarantees that I will not lose money.' Explain why this statement is incorrect.

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