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Your Financial Quiz {Fall Edition}

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Ladies and gentlemen, it’s that time of year again. Sharpen your axes and let’s see how you stack up on my bi-annual financial quiz. Here, we separate the men from the boys and the women from the girls. (This is also where I get a little squeamish as we determine if one of you is coming for my job.)

Remember, this week I’ll ask the questions. Next week, I’ll reveal the answers. No cheating (which includes asking Alexa)!

Question 1:

We are currently in one of the longest bull markets of all time. That said, what is the widely accepted definition of a bull market?

  1. A 10% rise in stock prices after a decline.
  2. A 15% rise in stock prices after a decline.
  3. A 20% rise in stock prices after a decline.
  4. When the markets go up for 3 consecutive months after the Running of the Bulls?

Question 2:

The most expensive single share of stock on the U.S. stock exchange is Berkshire Hathaway (Warren Buffet’s conglomerate). What does one share of Berkshire Hathaway class A shares cost?

  1. Approximately $100,000.
  2. Approximately $315,000.
  3. Approximately $465,000.
  4. Approximately $1,000,000 (in my best Dr. Evil voice).

Question 3:

Jeff Bezos, Amazon founder, is currently the richest man in the world. How many weeks would you have to win the $100,000,000 Powerball to accumulate Jeff Bezos’s net worth?

  1. 52 weeks or 1 year.
  2. 125 weeks or 2.25 years.
  3. 252 weeks or 5 years.
  4. 1,310 weeks or 25.1 years.

Question 4:

The Russell 2000 index is a measure of what?

  1. The 2000 largest stocks in the U.S.
  2. The 2000 largest stocks internationally.
  3. The 2000 largest stocks globally.
  4. The 2000 smallest stocks in the U.S.

Question 5:

The average price of a home in the United States today is $400,000. What was the average price of a home in 1987?

  1. $55,000.
  2. $77,000.
  3. $133,000.
  4. $184,000.

Question 6:

The Bureau of Engraving and Printing is the entity responsible for printing money. It only has two facilities that print paper money in the United States. Where are they?

  1. Washington D.C. & New York City.
  2. New York City & Philadelphia.
  3. Philadelphia & San Francisco.
  4. Washington D.C. & Fort Worth, Texas.

Question 7:

Speaking of paper money, what is the main material of all paper money made in the United States?

  1. Paper.
  2. Cotton.
  3. Plastic.
  4. Linen.

Question 8:

Gold and the Dow Jones were both trading at 800/ounce in 1980. Today, the Dow is trading around 27,000. What is gold trading at?

  1. 1,500/ounce.
  2. 2,500/ounce.
  3. 10,000/ounce.
  4. 27,000/ounce.

Question 9:

Today, the top marginal federal tax rate is at 37%. You pay this rate if you are married filing jointly and make over $612,350 of income. What was the highest ever top marginal tax rate?

  1. 42%
  2. 55%
  3. 65%
  4. 92%

Question 10:

In the United States, we have an estate tax. This is a federal tax on the value of your estate over a certain threshold. What is the current estate tax? Or in other words, how much could you leave to heirs and pay no federal estate or gift tax?

Answer:

  1. $1,000,000.
  2. $2,400,000.
  3. $11,400,000.
  4. $15,250,000.

How do you think you did? Do you think you got at least half right? I have to admit, I even found a few a little shocking. It’s a nice change of pace to have a little fun with these weekly blogs. I suggest you compete against your spouse, or friend, and see who reigns supreme. Stay tuned to next week where I post the answers and some context. Until then, no cheating, and definitely don’t ask Alexa (or Jeff Bezos net worth may go up some more)!

Andrew Rosen

In his role as Financial Planner, Andrew forges lifelong relationships with clients. He coaches them through all stages of life and guides them to better achieve their life goals. To set up an appointment with Andrew, or any of our qualified financial advisors, contact us at clientservices@diversifiedllc.com or call 302-765-3500.

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