Can you manage your money? A personal finance quiz.
Are you financially literate enough to manage your own money? Teenagers say less than half of their families have had a discussion about money management, according to a 2011 Junior Achievement/Allstate Foundation survey. Another poll by Yahoo Finance found that 37 percent of adults have no retirement savings, and 38 percent plan to live off Social Security after retirement. When it comes to making good decisions about money, are you a beginner, a financial whiz, or somewhere in-between? Take the quiz to find out.
If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn’t. The founder of Global Macro Investor “previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe… Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes.” It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen….
And we see a lot of those.
Consider this: Continue reading