DWI CPD Test: CPD Course - Dentists Who Invest

1. What is the first step before making an investment?

Spend all your savings

Develop an understanding of money

Invest without any knowledge

Follow investment trends blindly

2. Why is financial education important?

It guarantees wealth

It helps make informed financial decisions

It eliminates all risks in investing

It is only necessary for business owners

3. What is a fundamental principle of investing?

High risk always leads to high returns

Avoid financial planning

A good understanding both risks and rewards

Only invest in what is popular

4. Which of the following is a good financial habit?

Spending more than you earn

Saving and investing wisely

Relying on luck for financial success

Ignoring financial literacy

5. Why is research important before making financial decisions?

It helps reduce the likelihood of common investment mistakes

It makes investing more difficult

It is only necessary for experts

It is not relevant in financial decisions