[Plus Hour Campaign] Quiz 1: What are the obstacles that are stopping you from building wealth?

Answer the questions below and stand a chance to win an Apple iPad Air Gen 5 (64GB) Wifi worth $879!

Q1: Which of these is true about investing?

A) It may increase my chances of beating inflation

B) It can potentially increase my net worth

C) There are risks and I might suffer losses

D) They are all true

Q2: Which is riskier – saving or investing?
A) Saving
B) Investing
C) The risks are the same

Q3: Which of the following assets can a Mutual Fund invest in?
A) Stock
B) Bonds
C) Property
D) All of the above

Q4: Which of the following are benefits of investing in actively managed mutual funds?
A) Alpha potentially generated by Fund Manager
B) Risk Adjusted Returns
C) Diversification
D) All of the above

Q5: Open Ended Question -

What are the obstacles that are stopping you from building wealth?

The winner will be chosen based on:

i. highest number of correct answers on the multiple-choice questions; and

ii. most insightful and/or informative answer in the written format.

Good luck! ✨

For more info about the upcoming quiz timings and prizes, visit here: https://bit.ly/3fkHrXN

Citi Plus

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Discussion (162)

What are your thoughts?

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Sakkti Elangovan

13 Feb 2023

D
B
D
D
There are a lot of factors that influence and become obstacles to building wealth. Currently the bear market is the main obstacle as many people are seeing red in their investment returns. Additional obstacles include personal commitments and obstacles including large sum expenses (e.g. housing loan, student loan, medical expenses). So obstacles should be assessed on an individual basis as each one of us have their own unique committments and obstacles. Other obstacles will include not having a secure job. If you do not have stable regular income then you wont be able to invest regularly or at all.

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Eiscue

01 Oct 2022

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Andrew Louis

30 Sep 2022

Andrew here.

My answers fo submission are

Q1 - D

Q2 - B

Q3 - D

Q4 - D

Q5 -

Fear of Losses & making wrong choices - Who likes this? But it's a fear of failure that appears in this way for investing for me.

Decision Paralysis - There really is too many options. From methods, strategies, brokerages, robos and products. Just too many and the need to select thru this.

Lack of Cash - I wish I had more money to invest. Savings rate is reducing with inflation and it's getting harder to save more and in turn invest more. damn meh

Ya those are the real barriers.

Cheerios

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Bryan

30 Sep 2022

Q1 - D

Q2 - B

Q3 - D

Q4 - D

Q5 - Obstacle 1: Federal Interest Rate Hike Increase: Borrowing cost increases for businesses.
Obstacle 2: Stock Market Crashing: High volatility for investing

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