Atbis Financial Advisor Quiz

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:

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%

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

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.

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%