1. What is the intent of your portfolio? Please select the most appropriate one.
To generate income for today.
To generate income at a later date.
To provide for my dependents (I do not anticipate using these funds).
To fund a large purchase in the future.
2. What is the major goal for your portfolio? Please select the most appropriate one.
To ensure that my portfolio remains secure.
To see my portfolio grow and to avoid fluctuating returns.
To balance growth and security, and to keep pace with inflation.
To provide growth potential, and to accept some fluctuation in returns.
To provide the sole objective of potential long-term growth.
3. Which of the following ranges includes your age?
4. Which of the following ranges best represents your current annual family income (including pensions) before taxes?
$30,001 to $60,000
$60,001 to $90,000
$90,001 to $120,000
5. After deducting any loan or mortgage balances, which one of the following ranges best represents your immediate
family's overall net worth?
$30,001 to $50,000
$50,001 to $100,000
$100,001 to $200,000
$200,001 to $300,000
6. Investors often have distinct phases in their investment plans. The initial phase is savings and growth. During this
time an investory builds up a portfolio toward a future goal. The second phase is typically the use of funds, either for a
specific purpose or for income.
When do you anticipate using these funds?
More than 20 years
7. At the time you need this money, when will you withdraw it?
All at once in one lump sum
Over a period of less than 2 years
Over a period of 2-5 years
Over a period of 6-9 years
Over a period of 10-15 years
Over a period of more than 15 years
8. What are your intentions regarding withdrawals and/or contributions to your investments today and over the next five
I plan to withdraw money at regular intervals and do not plan on making contributions.
I will likely make a lump sum withdrawal and do not plan on making contributions.
I will likely be making both contributions and withdrawals.
I will likely make additional contributions and will not be withdrawing any funds.
I will certainly make regular contributions and will not be withdrawing any funds.
9. Which statement best describes your knowledge of investments?
I have very little knowledge and I rely exclusively on the recommendations of financial advisors.
I have limited knowledge of stocks and bonds, but I do not follow financial markets.
I have good working knowledge and I regularly follow financial markets.
I understand completely how different investment products work, including stocks and bonds, and I follow
financial markets closely.
10. Realizing that there will be downturns in the market, in the event of a significant loss, how long are you prepared to
hold your existing investments in anticipation of a recovery in value?
Less than three months
Three to six months
Six months to 1 year
1 to 2 years
2 to 3 years
3 years or more
11. Assuming that you are investing $100,000 for the long term, what is the maximum drop in your portfolio's value that
you could comfortably tolerate in any given year?
I'd be uncomfortable with any loss.
A $5,000 drop is all I could live with.
A $10,000 decline is something I could tolerate.
A $15,000 drop would be about all I could stand.
A $20,00 decline is pretty much my limit.
I could live with a decline of more than $20,000.
12. Which of the following statements would you feel most correctly describes your investment philosophy.
I can not accept any fluctuation in principal.
I can only accept minimal fluctuations, and prefer to invest in safer, lower return investments.
I am willing to tolerate some ups and downs in the value of my investments to achieve overall higher
returns in the long run.
My main interest is high, long-term returns and I am not concerned about short-term decreases in
the value of my investments.
If you answered questions 11 or 12 with the first response, you should re-evaluate your need for growth, and carefully
consider it in light of your desire for stability. Portfolios with no ups and downs generally have no growth component. If
you are sure you cannot tolerate loss (even short term), stop here. Consider using guaranteed investments or shortterm
options like money market funds.
Investment portfolios aimed at providing higher returns tend to have greater swings in value (providing both gains and
losses). The more aggressive your portfolios, the more pronounced these swings become, and the more often shortterm
losses can occur.
13. A portfolio is a basket of different investments. The returns earned by a specific portfolio depend on the mix of
investments. The returns earned by a specific portfolio depend on the mix of investments that make up the portfolio.
The following graph shows the probable range of returns (form best to worst) of four hypothetical portfolios over a nineyear
period. In which of these portfolios would your prefer to invest?
Some investors are more willing than others to accept periodic declines in the value of the portfolio as a trade-off
for potentially higher long-term returns. Which response best represents your feelings toward the following statement?
14. I am willing to experience potentially large and frequent declines in the value of any investment if it will increase the
likelihood of achieving higher long term returns.
Send this form to: