2025 Investment Outlook Seminar Quiz

To reinforce some of the lessons offered in the 2025 Investment Outlook Seminar, we’ve chosen 10 multiple-choice questions based on the presentation by Landaas & Company president, Kyle Tetting. The answers are at the bottom of the page and include links to more information.

View the 2025 Investment Outlook Seminar.

1.

Kyle noted that the client seminar Bob Landaas led in May 2001 had a theme that could apply to the 2025 Investment Outlook Seminar. What was the title of the 2001 event?

(Choose one.)

1. Earnings and Interest Rates.
2. This Time is Different.
3. Investing in Uncertain Times.
4. It Can Only Get Better.

(See answer below.)

2.

Which two of the following are the congressional mandates of the Federal Reserve?

(Choose two.)

1. Fiscal responsibility.
2. Price stability.
3. Budget control.
4. Full employment.

(See answer below.)

3.

Which one of the following objectives makes Kyle most nervous and has weighed heavily in the Fed’s recent decisions to lower interest rates?

(Choose one.)

1. Fiscal responsibility.
2. Price stability.
3. Budget control.
4. Full employment.

(See answer below.)

4.

Kyle showed how growth in the U.S. economy has slowed. Meantime, what has happened to the rest of the world?

(Choose one.)

1. Global trade has shifted geographically.
2. Global trade has stalled.
3. Global trade has thrived.
4. Global growth has maintained its historical pace.

(See answer below.)

5.

Which of the following is not a reason Kyle gave for considering investments outside the U.S.?

(Choose one.)

1. Artificial intelligence is driving global productivity.
2. Valuations are more attractive outside the U.S.
3. A strengthening dollar makes overseas stocks cheaper.
4. Overseas stocks, especially in Europe, offer more generous dividends.

(See answer below.)

6.

In taxable accounts — outside of IRAs and 401(k)s, Kyle advised considering what type of bonds for their extraordinary tax advantages?

(Choose one.)

1. Savings bonds.
2. Municipal bonds.
3. Treasury inflation-protected securities.
4. Covalent bonds.

(See answer below.)

7.

Fed rate hikes in 2022 contributed to a rare year in which both stocks and bonds performed poorly. Now that the Fed is cutting rates again, what did Kyle suggest doing with cash in portfolios?

(Choose one.)

1. Being more intentional with it.
2. Being more hands-off with it.
3. Moving it mostly toward stocks.
4. Moving it mostly toward bonds.

(See answer below.)

8.

Kyle noted that movements in stocks over time cause a shift in allocation balances. Thus, rebalancing is advised. How often did Kyle say Landaas investment advisors review clients’ portfolios?

(Choose one.)

1. Quarterly.
2. Semiannually.
3. Annually.
4. Biennially.

(See answer below.)

9.

Kyle explained that, long term, stocks remain the most important asset in a balanced portfolio. But what did he note has been happening with stocks’ relationship to bonds?

(Choose one.)

1. Stocks are becoming more affordable.
2. Bonds are becoming less attractive.
3. Stocks’ advantage in returns is shrinking.
4. Bonds’ advantage in risk is shrinking.

(See answer below.)

10.

How did Kyle respond to a client’s question about whether markets are in an AI (artificial intelligence) bubble?

(Choose one.)

1. We might be heading for a bubble.
2. We are nowhere near a bubble.
3. There’s no such thing as a bubble.
4. We’re in a bubble, but not every bubble bursts.

(See answer below.)

Answers

1.

c. Investing in Uncertain Times.

Learn more

• Shutdown fogs moment of clarity, by Kyle Tetting
• Clarity amid uncertainty leaves questions, by Kyle Tetting
• One thing that’s certain: Uncertainty, by Joel Dresang

2.

b. Price stability, d. Full employment.

Learn more

• The Fed: What investors should know, a Money Talk Video with Dave Sandstrom
• Monetary Policy and the Fed’s Framework Review, from the Federal Reserve

3.

d. Full employment.

Learn more

• Time has come, Fed pivots focus, by Kyle Tetting
• Federal Reserve issues FOMC statement, from the Federal Reserve Board

4.

a. Global trade has shifted geographically.

Learn more

• Over there: Investing in a global economy, a Money Talk Video with Kyle Tetting
• International Investing, from the Securities and Exchange Commission
  How to Use International Stocks in Your Portfolios, by Morningstar

5.

c. A strengthening dollar makes overseas stocks cheaper. (The dollar has been weakening.)

Learn more

• Investing fundamentals: A shift in winds, by Kyle Tetting
• 5 reasons to watch the dollar, by Steve Giles
• Over there: Investing in a global economy, a Money Talk Video with Kyle Tetting

6.

b. Municipal bonds.

Learn more

• Municipal bonds, a Money Talk Video with Dave Sandstrom
• Municipal Bonds, from Investor.gov
• Municipal Securities, from the Financial Investment Regulatory Authority
• Municipal Bond Basics, from the Municipal Securities Rulemaking Board

7.

a. Being more intentional with it.

Learn more

• Retirement Spending: A Play in 3 Acts, by Steve Giles
• Mid-2025: Foggy outlook, balance rules, by Adam Baley
• Finding a better place for our cash, by Joel Dresang

8.

a. Quarterly.

Learn more

• Rebalancing: Too important to ignore, by Steve Giles
• When Should I …rebalance my portfolio?
  Seeing how your equities are balanced, a Money Talk Video with Kyle Tetting

9.

c. Stocks’ advantage in returns is shrinking.

Learn more

• Earnings yield: Valuing stocks vs. bonds, a Money Talk Video with Kyle Tetting
• Bonds’ place in portfolios gets clearer, by Kyle Tetting
• Markets surprise. What should investors do? by Kyle Tetting

10.

d. We’re in a bubble, but not every bubble bursts.

Learn more

• Innovations, long-run opportunities, by Kyle Tetting
• AI vs. dot-com: What investors should know, by Kyle Tetting
• Implementing data, cultivating outlook, by Kyle Tetting
• AI: A Fed Policymaker’s View, from the Federal Reserve Board

References