Code: 2.4.1 · Adults
Knows the difference between saving and investing, and between debt and equity
Aware that some forms of investment are more liquid than others
Knows that the value of an investment may increase or decrease
Knows that different types of fees and charges (one-time and ongoing, direct and indirect) can have a substantial impact on the performance of an investment
Understands how changes in inflation, interest rates and/or exchange rates may impact on longer-term plans
Understands the difference between potential (unrealised) and realised losses or gains
Aware of the additional risks of making uninformed investment decisions
Understands basic investing concepts such as time-value of money, risk tolerance, investment horizon, and investment objectives
Can calculate the proportionate increase or decrease of the value of an investment
Confident to consider whether specific goals can be met by investing
Confident not to invest if one does not understand the financial product or service