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.
     


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.

Junk bonds:

Are bonds issued by junk yards.
Are sometimes called "high yield bonds."
Are less risky than government bonds.
Are not actually bonds.

The P/E ratio:

Is the same for all firms in a given industry.
Does not change over time.
Is typically higher for firms whose earnings are expected to grow rapidly.
Is the same as the dividend yield.

Investments in CDs:

Are riskier than investments in stocks.
Are inferior to investments in 8-tracks and vinyl records.
Are always tax deferred.
Are insured by the FDIC, but have generally underperformed stock investments over the long run.

Since the mid-1920s inflation in the United States has averaged:

About 3 percent.
About 7 percent.
About 10 percent.
About 12 percent

For most Americans, taxes are due on:

January 1.
April 1.
April 15.
December 31.

The financial pyramid implies that:

An investment near the top of the pyramid has a higher potential return, but also carries higher risk.
Egyptian pharoahs were astute investors.
Eating nutritious meals from the "food pyramid" will make you a better investor.
"Pyramid" or "Ponzi" schemes are good investments.

Dividends are taxed:

At the investor’s marginal income tax rate.
At a maximum rate of 15%.
Only when the stock is sold.
Dividends are never taxed.

 
   
   
Financial Advisor
15022 S 40th Pl Phoenix, AZ 85044
Phone: 480-704-7431 Fax: 480-383-6867
www.symphonyfinancialservicesllc.com rick@symphonyfinancial.us

Rick Willoughby is a Registered Principal of and securities offered through Independent Financial Group, LLC, member FINRA & SIPC.  Investment Advisor Representative offering advisory services through Independent Financial Group, LLC a registered investment advisor. Real Estate offered through Independent Realty Professionals. Independent Financial Group, LLC is not affiliated with Independent Realty Professionals Inc.or Symphony Financial Services LLC. Licensed to sell securities in AZ, CA, GA, NV, OR,TN and WA.

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