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.
     


Mortgage payments:

Can be completely deducted from income for tax purposes.
Vary from month to month on a fixed rate loan.
Represent high principal payments early in the term of the loan.
Are typically tax deductible to the extent that they represent payment of interest.

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.

The number of stocks that make up the Dow Jones Industrial Average is:

5,000.
500.
30.
10.

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.

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.

For most Americans, taxes are due on:

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

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

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

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.

 
   
   
Tomei & Tonjes Financial Services, LLC
367 Civic Drive, Suite 15 Pleasant Hill, CA 94523
Phone: (925) 849-6095 Ext. 106 Fax: (925) 849-6092
donna@tomeiandtonjes.com

 

 

 

We currently have individuals licensed to sell securities in the states of California, Louisiana, Massachusetts, Nevada, Oklahoma, Oregon, and Washington. This is not an offer to sell securities in any other state or jurisdiction.

 

Securities offered through 1st Global Capital Corp., Member FINRA/SIPC www.finra.org / www.sipc.org

Investment Advisory Services offered through 1st Global Advisors, Inc.

Insurance Services are offered through 1st Global Insurance Services, Inc.

 (877) 959-8400

California Insurance License 0E94451