Underline or highlight if these statements are true or false                                                                                                                                Alternative investments are high risk (true, false) Investing in commodities is speculative, risky, technical requring specialized knowledge (true, false) Money invested in alternatives is money you cannot afford to lose (true, false) Investing in gold is a hedge against geopolitical uncertainty and dollar devaluation (true, false) Gold bars/coins earn income similar to stocks paying a dividend (true, false) Investing in crypto is non-speculative and non-volatile (true, false) Crypto has the potential to become a significant global payment mechanism Crypto has the potential to become a world currency replacing the dollar Investing in crypto has no regulatory, cybersecurity, fraud, or insurance risk    

5C’s of Credit Underwriting Consumer Loans Instructions: evaluate the borrower profiles to approve or decline a loan request for buying a home Borrower Profile (1) Underwriting Factor 750 FICO 28% Home Debt Ratio 36% Total Debt Ratio High Net Worth 3 Mo. Cash Emergency Fund in Place Moderate Retirement Savings 20% Down Payment 80% Loan to Value Ratio Accountant 15 Years (H) Nurse 15 Year (W) Satisfactory Economic Conditions 2 Children saving for college Approve or Decline (Underline Your Answer)   Borrower Profile (2) Underwriting Factor 600 FICO 45% Home Debt Ratio 55% Total Debt Ratio Low Net Worth No Cash Emergency Fund in Place Low Retirement Savings 5% Down Payment 95% Loan to Value Ratio Accountant 3Years (H) Nurse 2 Year (W) Satisfactory Economic Conditions 1 Child not saving for college Approve or Decline (Underline Your Answer)   Borrower Profile (3) Underwriting Factor 700 FICO 32% Home Debt Ratio 40% Total Debt Ratio Moderate Net Worth 2 Mo. Cash Emergency Fund in Place Low Retirement Savings 20% Down Payment 80% Loan to Value Ratio Accountant 10 Years (H) Nurse 8 Years (W) Satisfactory Economic Conditions 3 Children limited college savings  Approve or Decline (Underline Your Answer)  

Adverse risk selection refers to the risk of a borrower applying for a loan knowing they are an undesirable credit risk

Patient Protection and Affordable Health Care Act aka Obamacare How do you feel about the Act:                                                                                                                               Yes     No Mostly support the Act Mostly do not support the Act (1) Explain/defend your position:  (2) Whether you  support or do not support the act, are there any provisions you like     

A cash advance is less costly than making a credit card purchase, and less indicative of cash flow issues

Over withholding of income taxes is a recommended way to save to get a windfall refund to spend on wants

There is limitd need to regulate the banking industry to minimize or prevent systemic risk

What percentage do most financial planners recommend alternative investments be as a component of a diversified asset allocation plan:

Mutual funds that periodically rebalance asset percentages between stocks, bonds, and cash over time as investors age are called

Only a small percentage of people will end up needing nursing home care, so long  term care insurance does not need to be a part of one’s defensive insurance game plan.