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.
     


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).

Technical analysis is a technique based on factors that are inherent to the market and include:

Number of shares sold on a specific day.
Number of consecutive days of price increases of a stock.
Changes in the direction of movement of a market index.
All of the above

For tax purposes, a capital gain is considered long term if the investment was held more than:

1 day.
1 month.
1 year.
10 years.

A limit order:

Is used to protect a profit if it is a limit order to buy.
Is used to execute a sell at a specific price or lower if possible.
Is an order to buy or sell at a specific price or better and can be good till canceled.
Is an order to be executed at the best price available and is not known until after confirmation is received.

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.

For most Americans, taxes are due on:

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

Variable life insurance:

Offers tax deferral.
May provide higher return potential and greater risk than a whole life policy.
Allows you to invest a portion of the premium in various subaccounts.
All of the above.

 
   
   
Wealth Advisors
1042 Camellia Blvd., Suite 11 • Lafayette, LA • 70508
Phone: 337-761-7000 • Fax: 337-984-2308
• nolan@wealthadvisorsoffice.com

 

Nolan Venable, Jennifer Venable, and Matthew Hebert are Registered Representatives of and offer securities products & services through Royal Alliance Associates, Inc. Member FINRA (www.finra.org) SIPC, a registered broker-dealer.  Advisory services are offered through Royal Alliance Associates, Inc. a Registered Investment Advisor.   In this regard, this communication is strictly intended for individuals residing in the states of Louisiana, Florida, Texas, California, Maryland, Missouri and Oregon in which they are securities licensed. No offers may be made or accepted from any resident outside the specific states referenced.  Tax preparation and representation is offered through Tax Advisors, LLC and is not affiliated with Royal Alliance Associates, Inc.

IMPORTANT CONSUMER INFORMATION:

A broker-dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker-dealer, investment adviser, BD agent or IA rep registration requirements, as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirement, or an applicable exemption or exclusion.

For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.

Per IRS Circular 230, we must inform you that, unless otherwise expressly indicated, any federal tax advice contained in this website, including any communications, inquiry responses, attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of 1) avoiding tax-related penalties under the Internal Revenue Code or 2) promoting, marketing or recommending to another party any tax-related matters addressed herein.