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Level One: Investing Basics
Level One: Investing Basics
Level One: Investing
Difficulty Level: Low
True or False
_____ You’re commonly considered a high net worth investor if the total of all your personal and business assets is at least $1 million.
_____ Dollar-cost averaging converts international stock prices to U.S. dollars.
_____ Gold, real estate and gems are sometimes termed tangible assets.
_____ Equities, bonds and cash equivalents are examples of asset classes.
_____ If you have investable assets of $50 million, you’re undoubtedly one of the mass affluent.
Answers:
False. A high net worth investor typically has at least $1 million in
liquid, investable
assets.
False. Dollar-cost averaging is an investment technique that involves buying a fixed dollar amount of a given investment on a regular schedule, without regard to share price.
True. Tangible assets are thought by many to be a hedge against inflation.
True.
False. Even allowing for varying definitions, a liquid net worth of $50 million almost certainly places you among
ultra high net worth
individuals.