Atbis Financial Advisor Quiz
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1. Starting your savings plans early can make it much easier to achieve your retirement dreams. If I start saving $3000 each year at age 25 instead of waiting until age 40, how much more will I have when I retire at 65? The extra $45,000 I contribute will result in:
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An increase in savings balance of $475,918 at age 65
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An increase in savings balance of $409,158 at age 65
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An increase in savings balance of $184,195 at age 65
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- 2.
Market based investments can make it easier to achieve retirement goals. Roughly how long will $1 Million in a balanced portfolio provide me with an annual income[1] of $75,000? [1] Assumes a rate of return of 7%
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16 years
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25 years
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40 years
Correct Answer
A. 16 yearsExplanation
Answer: A) 16 years at current GIC rates
LESSON = Investors saving for long-term goals should consider market-based investments as one of their product alternatives. ATBIS advisors offer unbiased product recommendations across a wide range of products choices.Rate this question:
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- 3.
1. Unfortunately, investors tend to buy stocks when they are high and sell when they are low. If an investor started with $10,000 and missed[1] only the 3 best month’s performance[2] during the ten years spanning 1997 to 2006, what impact would this have on their final investment balance? [1] They had temporarily moved their investments into T-Bills [2] Based on the S&P/TSX Total Return Index
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$2,688 less after 10 years
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$6,722 less after 10 years
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$17,642 less after 10 years
Correct Answer
A. $17,642 less after 10 yearsExplanation
LESSON = Investors need an advisor to guide their investment decisions and prevent them from making mistakes. ATBIS advisors take pride in educating clients, defining a savings plan and, over time, making our customers better investors.Rate this question:
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- 4.
1. Albertans who choose market-based investments have the potential for increased long-term returns but will experience short term fluctuations in market values. Historically[1], what percent of all 1-year periods had negative returns? [1] S&P/TSX Total Return Index over a 73-year period from 1934 to 2006.
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26%
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12%
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4%
Correct Answer
A. 26%Explanation
Answer: A) 26% (Market fluctuations are a normal part of investing)
LESSON = While market volatility is a concern for short-term investors, individuals saving for the long-term can improve their overall return. ATBIS will help the client determine what investment type is right for their unique circumstances because we understand our clients.Rate this question:
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- 5.
1. Clients with defined financial goals enjoy increased peace of mind and confidence that they will achieve their dreams. Approximately how much should I save[1] monthly if I’m starting 30 years before I retire and I want to have $500,000 saved for retirement? [1] Assumes a rate of return of 7%
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$200
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$275
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$400
Correct Answer
A. $400Explanation
LESSON = Most clients find it difficult to define their retirement goals without help. ATBIS develops a deep understanding of our client’s values and goals as a foundation for providing comprehensive investment planning advice.Rate this question:
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Current Version
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Jul 25, 2023Quiz Edited by
ProProfs Editorial Team -
Feb 28, 2010Quiz Created by
Atbis
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