How financially literate are investors?
Testing investor financial literacy
Just how financially literate are your prospective investors? A new survey reveals some interesting numbers on how comfortable wealthy individuals are with certain investing concepts. Here's a collection of how this survey's respondents managed when tested in Investing 101.
(A total of 1,078 investors were surveyed from May 13 to May 24. Respondents were required to participate at least to some extent in their household's financial decision-making process, have a household income of at least $75,000, and assets of $100,000 or more. Source: John Hancock Investor Sentiment Survey.)