1. If you'd like to buy something you don't need but don't have enough money, what should you do?
2. Which of the four statements below should you not do to attain financial security?
3. Over the long run, which of the following investments is likely to produce the highest returns?
4. Short term, which of the following investments has the highest risk of loss?
5. A good rule of thumb to help you decide what percentage of your money you should have in higher risk but higher return investments:
6. Index funds are almost always better than investing in a few select stocks of your choice because:
7. You should have a diverse portfolio of investments to maximize gains and minimize losses. Which of the choices below should be included in your diversification strategy?
8. When should you begin investing your money?
9. What are some of the best ways to protect yourself against unexpected, catastrophic losses?
10. Assuming the same interest rate and down payment, which of the following statements is not true?
Question 1: The correct answer is the Wait until you've earned enough extra cash.
Question 2: The correct answer is Make purchases you can't afford with credit cards.
Question 3: The correct answer is S&P 500 Index Fund.
Question 4: The correct answer is S&P 500 Index Fund.
Question 5: The correct answer is 100 minus your age.
Question 6: The correct answer is All of the above.
Question 7: The correct answer is All of the above.
Question 8: The correct answer is Only after paying off high interest debt, having insurance, and an emergency fund.
Question 9: The correct answer is All of the above.
Question 10: The correct answer is You should always get a 15 year mortgage rather than a 30 year.
Congratulations! You've got them all right!
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