10 Financial Myths Quiz
There are a lot of financial misconceptions out there. Test your knowledge.
The more I know about investments, the less likely I am to fall for scams.
- True
- False
Your fund's performance isn't the main factor in the growth of a retirement account.
- True
- False
Dollar-cost averaging boosts returns.
- True
- False
I shouldn't always get the credit card with the lowest interest rate I can find.
- True
- False
If you file for personal bankruptcy, you'll lose your home.
- True
- False
Buying a house is always better than renting.
- True
- False
Even though I'm getting a tax rebate this year, it won't affect my 2008 tax bill.
- True
- False
E-filing your taxes makes it less likely you'll be audited.
- True
- False
For the most part, kids can still put theselves through college by working part time and taking out loans.
- True
- False
I need to save more for retirement, even though my living costs will fall a lot once I stop working.
- True
- False
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Recent Comments
Dacapo456 02:28:43 PM May 12 2008
Yes, at least 5 out of the 10 questions were outright bogus. And some answers were. financially just wrong
x Klew 56 x 01:59:01 PM May 12 2008
wtf this is sooo gay! whom ever thinks that they are too smart to get scamed better check that scammers are some of the smartest people in the world!
WJCMS02 01:56:46 PM May 12 2008
These are trick questions that could have answers going either way.
cwmktng 01:20:24 PM May 12 2008
HAHAHAHAHA YOU FOOLS!!! I AM GOOSE STEPPING TO DE VHITE HOUSE UND YOU VILL VOTE FOR ME DE HILLARY!!! I AM THE NEXT FURR... I MEAN PREZIDENT UND I VILL TAKE OVER DE VORLD!! I DON'T CARE IF YOU DON'T LIKE ME... NOBODY REALLY DOSE INCLUDING BILL, BUT HE VANTS TO TAKE OVER DE VORLD TOO!!! SO VOTE OFTEN FOR DE HILLARY UND VE VILL RULE DE VORLD!!
HILLARY
JetScrmr49 01:19:17 PM May 12 2008
The intelligent educated guy who thinks he's "too smart to be conned" is often the grifter's best victim. Best rule to go buy? Unless you are dealing with a person you know well or a licensed investment firm that has a good reputation, just say NO!
Remberance 01:16:30 PM May 12 2008
Has anyone heard of retire2009.info, retire2009.U.S., ADCASHGENERATOR.com, or ADCASHINCOME.com, it's an internet business.
mario424 12:46:25 PM May 12 2008
interaction skills need to kick in to realize that these "schemes" are thought up by individuals just the same. So, a better question might be "are people intelligent enough to analyze a scheme/concept and reproduce it, so that it works for them?" Kind of beats signing on to something as a recruit.
cheers,
Mario424
mario424 12:44:08 PM May 12 2008
pardon the split, was unable to submit my entire commentary.
