Financial IQ Test  
What is your financial IQ? Take this 8-question quiz to find out! If you don’t like the results, try again. You will be asked a different set of questions.
     


Long-term care insurance:

Is only for the very elderly.
Can help protect assets from the cost of a nursing home stay.
Is not necessary since Medicare always covers long-term care.
Is always available regardless of your past health history.

The total stock market (S&P 500) return during the 1990s was:

Predicted by most Wall Street analysts at the beginning of the decade.
Lower than the historical average
The highest of any decade in the 20th century.
Approximately the same as the total return during the 1970s.

A benchmark asset, commonly considered by investors to be risk-free:

Treasury Bill (T-Bill).
Share of preferred stock.
A Eurobond
A junk bond.

The net asset value (NAV) of a bond fund:

Cannot be determined.
Changes as interest rates change.
Is determined by the average coupon rates of the bonds in the fund.
Will not change as bonds in the fund are bought or sold.

The number of stocks that make up the Dow Jones Industrial Average is:

5,000.
500.
30.
10.

Gold may be a good investment if:

Inflation is expected to increase.
You like the color.
World peace comes to pass.
Foreign governments sell their gold reserves.

If you call your broker to purchase a "round lot" you are:

Buying a mutual fund of 100 different stocks.
Authorizing him/her to decide how many shares to buy.
Negotiating commissions on future purchases and sales.
Purchasing 100 shares of a specific stock.

A 35-year old individual with 4 young children and a spouse who doesn’t work should probably consider purchasing which of the following types of insurance:

Long-term care insurance.
Disability insurance.
Life insurance.
(b) and (c).

 
   
   
Carolina Wealth Management, LLC
468 Old Cherokee Rd. Lexington, SC 29072
Phone: 803-359-3800 Fax: 803-359-6281
www.CarolinaWealthManagement.com kdooley@walnutstreet.com

Securities and advisory services offered through registered representatives and investment adviser representatives of Walnut Street Securities, Inc. (WSS), Member FINRA/SIPC.  Representatives of WSS do not provide tax or legal advice.  WSS branch office located at: 468 Old Cherokee Road, Lexington, SC 29072. (803) 359-3800.   Carolina Wealth Management, LLC and WSS are not affiliated. Securities licensed in the following states: AZ,CO,CT,GA,IN,MA,MD,MI,MN,MO,NC,ND,NJ,NY,OH,PA,SC,VA,WI.  Not all reps are registered in all states.

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