Question 1:

How old are you?

40 or younger

41 to 50

51 to 55

56 to 60

61 or over

Question 2:

When do you expect to begin withdrawing money from your investment account?

In less than 1 year

  In 1 to 3 years

In 4 to 7 years

In 8 to 11 years

In 12 years or more

Question 3:

Once you begin withdrawing money from your investment account, how long do you expect the withdraws to last?

I plan to take a lump sum distribution

1 to 3 years

4 to 7 years

8 to 11 years

12 years or more

Question 4:

Inflation is the rise in prices over time. Long-term investors should be aware that even if portfolio returns are positive, if portfolio returns are less than inflation, the ability to purchase goods and services in the future might actually decline. Portfolios with long-term returns that significantly exceed inflation, are typically associated with a higher degree of risk. Which of the following portfolios is most consistent with your investment philosophy?

Portfolio 1 has the potential to exceed long-term inflation by a significant margin and has a high degree of risk.

Portfolio 2 has the potential to exceed long-term inflation by a moderate margin and has a high to moderate degree of risk.

Portfolio 3 has the potential to exceed long-term inflation by a small margin and has a moderate degree of risk.

Portfolio 4 has the potential to match long-term inflation and has a low to moderate degree of risk.

Question 5:

Portfolios with the highest average returns also tend to have the highest chance of losing money. The table below provides hypothetical average dollar returns for an investment of $100,000 and the possibility of losing money over a one year holding period in four different portfolios. Please select the portfolio with which you are most comfortable?

Portfolio A

Portfolio B

Portfolio C

Portfolio D

Question 6:

Investing involves a trade-off between risk and return. Historically, investors who have received high long-term average returns have experienced greater price fluctuations and higher potential for loss than investors in more conservative investments. Considering the above, which statement best describes your investment goals?

Protect the value of my account. In order to minimize the chance for a loss, I am willing to accept lower long-term returns provided by conservative investments.

Keep risk to a minimum while trying to achieve slightly higher returns provided by more conservative investments.

Balance moderate levels of risk with moderate levels of return.

Maximizing long-term investment returns. Therefore, I am willing to accept large and sometimes dramatic fluctuations in the value of my investments.

Question 7:

Historically, markets have experienced periods of substantial short-term price swings (volatility) as well as prolonged down markets. Suppose you owned a well diversified portfolio that fell by 20% over a short period. Assuming you still have 10 years until you begin withdrawing, how would you react?

I would not change my portfolio.

I would wait at least one year before changing to more conservative options.

I would wait at least three months before I changed to more conservative options.

I would immediately change to more conservative options.

Question 8:

The following graph shows a hypothetical results of four sample portfolios over a one-year holding period. The best potential and worst potential gains and losses are presented. Note that the portfolio with the best potential also has the largest potential loss. Which of the portfolios below would you prefer to hold?

            Portfolio A

            Portfolio B

            Portfolio C

            Portfolio D

Question 9:

Investments with higher returns are more likely to have a greater chance of experiencing high long-term capital appreciation. Conversely, investments likely to provide stable returns and minimal losses are less likely to experience high long-term capital appreciation. With this in mind, which of the following statements is most consistent with your investment attitudes?

I am willing to endure losses to maximize the chance of experiencing high long-term capital appreciation.

I am equally concerned with avoiding losses and experiencing long-term capital appreciation.

Avoiding losses is more important to me than experiencing long-term capital appreciation.

Question 10:

What type of investor do you think you are?

Aggressive

Moderately Aggressive

Moderate

Conservative

Ultra Conservative

Question 11:

What is your annual income after taxes?

Less than $50,000

$50,001 -$100,000

$100,001-$150,000

Greater than $150,000

Question 12:

How do you feel about taking risk with your investments?

Very Uncomfortable

Uncomfortable

Comfortable

Very Comfortable

Question 13:

What is the current value of all your investments?

Less than $100,000

$100,000 - $200,000

$200,001 - $300,000

Above $300,000

Question 14:

Research done by an independent research firm revealed that what company ranked 1st among independent advisors?

Schwab

Dimensional Fund Advisors

Ishares

Vanguard

Question 15:

When asked if you are a long term investor what do you view as long-term?

1-5 years

5-10 years

10-15 years

15-20 years

or