Key Concepts in Investing: Fill in the Blanks

People put off spending or 'consumption' and invest it in order to 'save' and grow their money.
Investors demand a 'minimum return' for delaying consumption and this minimum return must be greater than the anticipated level of 'inflation'.
Investors won't put their money in a risky investment when there are safer alternatives unless they are 'compensated' for taking that extra risk.
Without recognizing the existence of the time value of money, it's impossible to understand 'compound interest', which allows investment to grow over time.
Diversification refers to 'spreading out' of a variety of different investments instead of just one to reduce 'risk'.
If two stocks move in an exactly opposite manner, combining them can result in the 'cancellation' of all variability for the combination.
Efficient markets refers to a situation in which investment prices instantly reflect all 'available information', and as a result, the price of any investment accurately reflects the best estimates of its value.
No investment decision should be made without first knowing the effects of taxes on the 'return' of that investment. Thus you must look at all your alternative options.
Liquidity means some of your money must be available to you at any time, or 'liquid'. If liquid funds are not available, an unexpected need may push you to have to 'liquidate' a long-term investment.
Generally, the salesperson 'advises' and leads the client through the process of determining what to purchase. To avoid the consequences of a major tragedy, you need to buy the kind of insurance that's right for you and know what your 'policy' really says.
Although the market will surely vary over time, in the long run, your money is likely to grow more in the stock market than it would if you invested it in 'alternatives' such as money market or bonds.
Your agents, motivated by the 'agency problem', may actually be acting in their own interest rather than in the best interest of the client.