1. Which of the following best describes how you view your portfolio?

a.  Seeking to protect account value, which implies low returns and minimal chances for short-term losses.
b.  Seeking moderate returns, which implies moderate chances for short-term losses.
c.  Seeking high returns, which implies high chances for short-term losses.

2. Which of the following best describes your expectations for your portfolio?

a.  I want a portfolio that will primarily provide me with supplemental income.
b.  I want a portfolio that offers both moderate long-term growth potential and current income.
c.  I want a portfolio that will maximize my long-term growth potential.

3. Suppose you had most of your money invested in one mutual fund and your last statement showed that the value of the fund decreased by 12%. (For example, your $100,000 was now worth $88,000.) What action are you most likely to take?

a.  Sell all shares of the fund.
b.  Sell some, but not all, of the fund shares.
c.  Continue to hold the shares.
d.  Purchase more shares to take advantage of the low price.

4. If your tax rate is 28% and the inflation rate is 3.5%, your investments must return at least 5% to retain their purchasing power. With this in mind, which of the following best describes your attitude toward taxes and inflation?

a.  I am primarily concerned with protecting my investments. So I want investments designed to minimize risk and to keep pace with inflation on an after-tax basis.
b.  I want investments designed to moderately outpace inflation on an after-tax basis. I am willing to accept some additional risk to do so.
c.  I want investments designed to significantly outpace inflation on an after-tax basis. I am willing to accept substantial risk to do so.

5. The following table lists several different types of investments. For each type, please indicate the status that applies to you.

Type of Investment	Previous or Current Investment Would Invest Again	Previous or Current Investment Dissastified	No Previous or Current Investment
Short-term assets (savings and checking accounts, CDs, money market accounts, etc.)
U.S. Government bonds or U.S. Government bond mutual funds
U.S. high-grade corporate bonds or high-grade corporate bond mutual funds
U.S. large company stocks or large company stock mutual funds
U.S. small company stocks or small company stock mutual funds
International stocks and bonds or international mutual funds

6. If you suddenly had a major financial crisis and needed emergency cash, which of the following statements would apply?

a.  My investments with RBC Dain Rauscher would be my first source of cash.
b.  My investments with RBC Dain Rauscher would not be my first source of cash.

7. The following graph shows potential one-year gains and losses for four different portfolios with an initial investment of $250,000. The number above each bar is the potential high return for each portfolio in a given year. The number below each bar is the potential low return for each portfolio in a given year. The number to the right of each bar is the average return in a given year. Which portfolio would you invest in?

a.  Portfolio A
b.  Portfolio B
c.  Portfolio C
d.  Portfolio D

8. I can tolerate substantial short-term fluctuations in my portfolio value in order to increase the likelihood of long-term after-tax gains that outpace inflation.

a.  Strongly agree
b.  Agree
c.  Neutral
d.  Disagree
e.  Strongly disagree

9. The table below shows the annual returns for four hypothetical portfolios. If you only had these investment options, which of the four would you choose? Keep in mind that you should be willing to accept the minimum return in any given year and not alter your investment strategy.

	Minimum Annual Total Return	Average Annual Total Return	Maximum Annual Total Return
Portfolio A	3%	7%	11%
Portfolio B	-4%	9%	19%
Portfolio C	-9%	11%	27%
Portfolio D	-16%	13%	40%