PART 1

1. Explain why common stock ownership might be preferable to direct ownership of real estate

2. Discuss what investors should anticipate receiving in terms of total return

3. Discuss the different ways in which common stock may be owned

4. List some of the sources that provide information such as stock listings, trading activity, and security analysis

PART 2

1. Briefly discuss what is meant by the term "guaranteed," as it relates to an annuity

2. Explain the impact inflation may have on a long-term payout when the annutiy is (a) fixed, (b) variable

3. Identify the occasions when a penalty for premature distributions of annuity assets does NOT apply

4. Discuss how annuities are treated during the accumulation phase

PART 3

1. Briefly discuss how the price of gold is generally determined

2. Explain when a taxable loss in a precious metal investment is recognized and one circumstance where it may not be.

3. List two advantages of "storage certificate programs" as opposed to taking physical delivery of a precious metal.