Investors Get AN 'F’ on Literacy Test: Individual investors flunked an investor literacy test sponsored by Vanguard and Money Magazine, with most revealing that they barely understood how bonds worked and how mutual fund costs affected their returns. The 20-question 2002 Vanguard/Money Investor Literacy Test focused on mutual fund fundamentals, investment terminology and financial market basics.
All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.