By: Revanche

Remember when an A- was nowhere near good enough?

April 24, 2009

Or was that just my family?

I didn’t even score an A- on this CNN money quiz, I pulled down a whoppin’ B+ but I’m not ashamed. They dinged me on diversification, but frankly, it’s because my allocation used to be 90/10 and the stock market changed it to 75/25 just for me.

I was just working out, with pen and paper, how to reallocate but instead decided to dump a whole bunch of money into the stock side of my retirement funds. That’ll make up for the low contributions throughout the year and increase my exposure to stocks. That’s a quick fix and easier than selling off some of my bonds in the Roth IRA and buying stocks with it. Probably. Yes? No? Whatever, I’m taking the path of least resistance for now. Until I start sleeping through the night again, I’m not making life any harder than it needs to be.

As for life insurance? I got sick of dealing with private insurance brokers and enhanced the term life insurance that I get through work after making sure of its portability. It’s not much, but it’s better than nothing and will serve as a safety net until I buy private life insurance. (Which I should do while I still have an income!)

6 Responses to “Remember when an A- was nowhere near good enough?”

  1. mOOm says:

    I never had a problem with getting B’s and that is exactly what I got on the quiz 🙂

  2. E.C. says:

    It absolutely wasn’t acceptable when I was growing up! I got a B+ on the CNN quiz as well, but I had to cheat to get it. (The quiz doesn’t acknowledge the existence of people under 25 so I added three years to my age.)

    My problems were diversification and life insurance as well. I’ve only got a $5,000 policy through work (56 cents and month and mandatory if you want vision and dental), but there’s no one depending on my income.

  3. Miss M says:

    Hey you did better than me! I got a b I think, for not having enough life insurance and having company stock. Umm, I don’t have dependents to provide for, why would I pay for a bunch of life insurance. Then the company stock is an ESOP plan, it’s stock given to us for our mere presence and the way it’s set up I can’t sell it! These calculators are too generic to give an accurate reading for the many different financial situations that exist. Oh and growing up if I got an A my parents asked, where is the plus! B’s usually meant getting grounded.

  4. I still remember the first time I got a B – my parents were livid!

    I think I got a B+ on the CNN quiz, because I have just my life insurance through work (and they even say you don’t need it at all if you don’t have kids, so I don’t know why they don’t ASK) and because I have lots of money in cash since I’m saving for a house downpayment, which would be stupid to invest in teh stock market!

    No, I’m not bitter.

  5. mOOm says:

    I only got D’s and E’s in art and physical education 🙂 Yes they have “E’s” in England. I did get some C’s in language subjects some times, oh and in the practical science exams…

    When I was working on graduate student admissions in the last several years I’d be rather suspicious of students who had too uniformly good transcripts…

  6. Revanche says:

    mOOm: I might not have had a problem with it, but my mom sure taught me to! 🙂

    Was art a mandatory subject? I don’t recall being forced to take that beyond elementary school.

    And these days, I suppose you might be right to be suspicious. Too many “high achievers” are actually just cheating to get the high grades. Not all, just enough to foul the waters for everyone else.

    E.C.: Now that I’m over the 25 hump, I didn’t even notice they ignore that age group. Ooops! 🙂

    I noticed this was pretty generic, assuming everyone needed life insurance.

    Miss M: Yup, way too generic! I could have wished for grounding as punishment; I just had to hear about the low grades until I was thoroughly ashamed.

    paranoidasteroid: I think we’re feeling judged. And judged unfairly. So whyever do we take these things?? 🙂

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