DWI CPD Test: CPD Course - Dentists Who Invest

1. What is the primary goal of investing?

To spend money as quickly as possible

To generate long-term wealth and financial security

To avoid paying taxes

To become rich overnight

2. What is one of the key benefits of financial independence?

Never having to work again

The ability to make work optional rather than a necessity

The guarantee of becoming a millionaire

Avoiding all financial risks

3. Why is it important to start investing early?

It allows more time for compound growth to work

It guarantees high returns

It eliminates the need for financial planning

It prevents any losses from occurring

4. What is one major mistake that beginner investors often make?

Investing too early

Ignoring diversification and putting all money into one asset

Choosing low-cost index funds

Understanding their investments thoroughly

5. What is an important factor when choosing an investment strategy?

Following trends without research

Understanding personal financial goals and risk tolerance

Always investing in the most popular stocks

Putting all money into one asset