ACTSC371 Study Guide - Final Guide: Federal Deposit Insurance Corporation, Canada Deposit Insurance Corporation, Asset Allocation
29 Jan 2016
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Investing has been a priority for as long as individuals realized that current needs had to be balanced with future needs. The creation of coinage as a means of exchange enabled individuals with surplus assets to store their wealth in a currency and transform it into an investment in assets of other varieties. By the twenty-first century, this evolution has culminated in a vast array of financial contracts made between individuals and institutions, each specifying how an initial investment will yield payment flows over a period of time. 1920s: as fortunes were rapidly made by brilliant investors. In those days, elevator boys , and cab drivers overhearing the wall street financiers in their discussions participated in the public mania for investing. The result was a phenomenal rise in the stock market averages and the crash of 1929, which appeared to precipitate the.
