Tasting success - Wealth Quiz

 
  • QUESTION 1

    Your age is likely to affect:

     

    Correct!
    Incorrect! Your age is likely to affect your investment time frame. See "Questions that will keep your portfolio performing" for more.
  • QUESTION 2

    Switching investment products can result in the following:

     

    Correct!
    Incorrect! Switching investment products can result in extra costs for the investor. See "Questions that will keep your portfolio performing" for more.
  • QUESTION 3

    Which is one of the keys to successful investing?

     

    Correct!
    Incorrect! A diversified stock portfolio is one of the keys to successful investing. See "Questions that will keep your portfolio performing" for more.
  • QUESTION 4

    What does "rebalancing" in the context of investing mean?

     

    Correct!
    Incorrect! Rebalancing will ensure that the relative values of asset classes remain stable. See "Questions that will keep your portfolio performing" for more.
  • QUESTION 5

    Can parents use unit trusts as a vehicle to save for their children's education?

     

    Correct!
    Incorrect! Yes, unit trusts offer a suitable, long-term method of gaining exposure to equities. See "A head start for your children" for more.
  • QUESTION 6

    Can a parent open a tax-free savings account in the name of their child?

     

    Correct!
    Incorrect! Yes, a tax-free savings account can be opened in the name of a child. See "A head start for your children" for more.
  • QUESTION 7

    Fundisa, the government education savings initiative, offers:

     

    Correct!
    Incorrect! Fundisa offers an annual top-up bonus. See "A head start for your children" for more.
  • QUESTION 8

    Which of the below statements is correct?

     

    Correct!
    Incorrect! Financial advisers need to be registered members of the Financial Services Board. See "How to choose a financial adviser" for more.
  • QUESTION 9

    In terms of remuneration for financial advisers:

     

    Correct!
    Incorrect! Some advisers charge a fee, and some are remunerated by commission. See "How to choose a financial adviser for more.
  • QUESTION 10

    Is there a standard minimum amount required when investing?

     

    Correct!
    Incorrect! The minimum investment amount can vary, and will depend on the investment vehicle. See "Six investment questions you're too embarrassed to ask" for more.
  • QUESTION 11

    What is a dividend?

     

    Correct!
    Incorrect! A dividend is a share of company profits. See "Six investment questions you're too embarrassed to ask" for more.
  • QUESTION 12

    What is a bond?

     

    Correct!
    Incorrect! Bonds are a "debt investment". See "Six investment questions you're too embarrassed to ask" for more.

Thanks for playing!

 

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