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Investment U Pop Quiz: What’s Your IU IQ?
By Dr. Steve Sjuggerud, President, Investment U
Tuesday, December 9, 2003: Issue #296
So, you’ve been reading the Investment U E-Letter for a while now. Your confidence as an investor is growing every day. Great!
But how much have you really absorbed from these e-letters? Here’s a quick way to find out – while having some fun in the process.
Just take this quick Pop Quiz, see the answers and explanations at the bottom. And if you need to, revisit the issues from which these questions came to make sure you’ve learned the lessons. It may be a profitable exercise for you in more ways than one Good luck!
Pop Quiz Question #1: From E-Letter #294 – A Quick Way to $5,000 of Pure Profit – And More
So, what is a quick way to make $5,000 in cash to pay for those holiday shopping sprees?
A. Buy stock in E-Bay and watch the profits roll in
B. Sell your “second car” and learn to use public transportation more often
C. Buy a lottery ticket that pays $5,000
D. Round up junk around your house and sell it on E-Bay
Pop Quiz Question #2: From E-Letter #291 – What Always Works: 3 Secrets That Let Daniel Drew Become one of America’s Richest Men
Which of the following was NOT one of Daniel Drew’s secrets to making a fortune.
A. “The money market is the key to the stock market. They who control the money rate also control the stock[s].”
B. “I ought to have [closed my position] without a moment’s delay – cut short your losses and let your profits run, is the rule.”
C. “It’s always easier, in my mind, to scale into an investment [than to] scale out of one.”
D. “The way to make money in Wall Street is to calculate on what the common people are going to do, and then go and do just the opposite.”
Pop Quiz Question #3: From E-Letter #289 – How to Stay a ‘Genius’ When the Bull Market Ends
When this bull market ends, how can you assure yourself of remaining a “genius” investor?
A. Continue telling friends and relatives that you are, indeed, a “genius” investor
B. Changing brokers as soon as the Nasdaq index stock (QQQ) posts three consecutive days of losses
C. Move all of your cash money into gold and gold coins
D. Stay humble, and cut your losers early
Pop Quiz Question #4: From E-Letter #288 – This ‘Forgotten Sector’ Is Up 489% Since 2000
So, what is this forgotten sector that’s doing so well right now?
A. Gold
B. Platinum
C. Commodity futures
D. The silver and silver stocks index (SLDX)
Pop Quiz Question #5: From E-Letter #295 – It Takes Courage to Be a Pig
According to Brian Hunt, a high level of diversification and a broad allocation of assets across many different sectors
A. Is the only way to invest, because it manages risk
B. Is worth considering if you just want to mirror the markets
C. Is completely absurd as an investment strategy
D. None of the above
——————————————————————————–
Answers
Okay, then… Let’s see how you did. On to the answers!
Answer #1: D – Round up junk around your house and sell it on E-Bay. It’s amazing the stuff people will pay good money for. Steve was able to use this tactic to sell things on E-Bay for more than he paid for them brand new!
Answer #2: C – “It’s always easier, in my mind, to scale into an investment [than to] scale out of one.” While this might be true for someone, it wasn’t necessarily the case for Mr. Drew.
Answer #3: D – Stay humble, and cut your losers early. The best way to do this is reminding yourself that anyone can make money in an up market – but that smart investors use trailing stops to protect their investments in any market.
Answer #4: A – Gold. Amazingly enough, gold recently surpassed the $400-an-ounce mark for the first time in a very long time. The “barbarous relic” continues to surge ahead, rising by 489% the past few years, with no ceiling in sight.
Answer #5: B – Is worth considering if you just want to mirror the markets. The best way to beat the markets, Brian says, is to take a little more risk by investing in micro cap stocks, which have returned significantly more than their large cap cousins year to date.
Scoring, numbers of answers correct
5: Investment Senior – You’re the big man (or woman) on campus
4: Investment Junior – You’re nearly ready for the real world
3: Investment Sophomore – You’re a lot of fun to talk to at parties
2: Investment Freshman – Let the hazing begin!
0-1: Dear applicant: We thank you for your interest, but we regret to inform you…
This was meant to challenge you and to send you back through our back issues. We hope you enjoyed it. We’ll be back with a regular letter on Thursday!
Good Investing,
Steve
- Gold’s Two-Faced Disappointment
- Put Gold Where Your Mouth Is
- Why Gold Prices Could Fall From Here… And Two Ways to Play the Move
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