The Young Investor's Win $2,000 to start your own Investment Portfolio CONTEST
- The contest is open to legal residents of either Canada or the United States - You must be 18 years old or of legal age
- The draw will take place on Wednesday, December 31, 2008
- No purchase necessary
Read the official Contest Rules for details and to determine your elibigility.
To partipate, all you need to do is to provide some basic information about yourself (be sure to complete all sections) and take the following Investment Quiz . Good Luck!
PART 1 - ENTER SOME BASIC INFORMATION ABOUT YOURSELF
PART 2 - INVESTMENT QUIZ (Here's the fun part...)
1. A 401(k) is:
a) an investment in stocks
b) an employer-sponsored retirement plan for Americans
c) an employer-sponsored retirement plan for Canadians
d) a kind of breakfast cereal
2. An investment of $1,000 with an annual rate of return of 10 % placed untouch (i.e., where profits are reinvested
along with the original investment) for a period of forty years will give you:
a) $4,100
b) $16,440
c) $40,000
d) $45,259
3. A bear market is better than a bull market. (True or False)
True
False
4. Assuming you can get a steady 10% annual return on an investment, you will double your money approximately
every _____ years.
a) 7
b) 10
c) 15
d) 20
5. A stock is:
a) an inventory of a company's assets
b) a companys' currency
c) a market on which a company is traded
d) a piece of ownership in a company
6. Generally speaking, as the value of the American Dollar rises, so does price of gold.(True or False)
True
False
7. Gold, as a currency, has kept pace with inflation in the past two hundred years.(True or False)
True
False
8. A stock market crash is a sudden drop in stock prices of ___% or more that occurs over the course of a day or two.
a) 10
b) 15
c) 18
d) 20
9. Diversification is the most important rule of investing. (True or False)
True
False
10. In money terms, the daily volume of currency trading is much higher than that of stocks. (True or False)
True
False
11. Tax avoidance is illegal.(True or False)
True
False
12. It is illegal for offshore banks and service providers to directly advertse their products and services to North Americans.(True or False)
True
False
(Again, make sure that you have answered all the questions above, otherwise you will get an error when submitting the form.)
Privacy Policy: In no way shall I share, rent, or sell personal information I obtain about you to other parties without your consent.
Reciprocal Links: (You can thank the following sites for linking to this contest by visiting their other contest listings)