Staying the course - Wealth Quiz

 
  • QUESTION 1

    Which sentence best describes ‘timing the market’?

     

    Correct!
    Incorrect! The correct answer is Predicting market movements and selling or buying shares accordingly. See “Timing the market: method or madness?” for more.
  • QUESTION 2

    What is one of the biggest pitfalls of market timing?

     

    Correct!
    Incorrect! If you attempt to wait for the “right” time, you can end up being out of the market when it surges upwards. See “Timing the market: method or madness?” for more.
  • QUESTION 3

    Which of the below helps offset market movements?

     

    Correct!
    Incorrect! Cost averaging, or buying at regular intervals, is an important tool. See “Timing the market: method or madness?” for more.
  • QUESTION 4

    A fee is not likely to be applicable when using the following:

     

    Correct!
    Incorrect! You are not likely to be charged for using an asset manager’s website. See ”Fees: what you need to know when you’re investing” for more.
  • QUESTION 5

    What is the benefit of using a linked investment service provider (LISP)?

     

    Correct!
    Incorrect! A LISP provides one point of contact and a range of investment options. See ”Fees: what you need to know when you’re investing” for more.
  • QUESTION 6

    What is the charge levied by an investment manager for managing an investment fund also known as?

     

    Correct!
    Incorrect! The charge levied by an investment manager for managing an investment fund is also known as an asset manager fee. See ”Fees: what you need to know when you’re investing” for more.
  • QUESTION 7

    Costs for savings products are typically expressed as a:

     

    Correct!
    Incorrect! Costs for savings products are typically expressed as a Total Expense Ratio (TER). See ”Fees: what you need to know when you’re investing” for more.
  • QUESTION 8

    Which of the below is not recommended for successful investing?

     

    Correct!
    Incorrect! Focusing on past performance does not give an indication of future performance. See ”8 common investment errors” for more.
  • QUESTION 9

    Which of the below statements is true?

     

    Correct!
    Incorrect! Investing always involves some risk. See ”8 common investment errors” for more.
  • QUESTION 10

    Which asset class generally has the highest level of risk?

     

    Correct!
    Incorrect! Equities are generally seen as the asset class with the most risk. See “Risk: how to make it your friend” for more.
  • QUESTION 11

    Which of the below can help determine how much investment risk to take?

     

    Correct!
    Incorrect! Your investment time horizon can determine how much investment risk you should take. See “Risk: how to make it your friend” for more.
  • QUESTION 12

    What is a key strategy to manage risk?

     

    Correct!
    Incorrect! Asset diversification is a key strategy to manage risk. See ”Risk: how to make it your friend” for more.

Thanks for playing!

 

 

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