Ready To Be RichWhenever you open an investment account, your application form usually includes a risk-profile assessment exam.
This is basically a series of questions that ask about your current financial status and income capacity, among others.
It’s important to be as honest as possible when filling this up, because it greatly helps the investments officer to properly evaluate what type of investor you are – so that he or she can suggest the most appropriate investment that best suits you and your financial goals.
For today, let’s take a similar quiz, and see what type of investor you are.
It’s just 5 questions, so please take the time to take the quiz.
I hope you enjoyed taking the quiz. Please share your results below, because I’d like to get to know you better, so I can write more investing articles that suits your profile.
Also, kindly share this quiz to your friends, because I know they’ll thank you for it.
Lastly, be sure to subscribe to Ready To Be Rich to learn more how you can make the most out of your investments.
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Tags: Investing, risk tolerance
I am an aggressive type which is probably also why I am looking into Forex and learning as much as I can.
I searched around your blog for Forex but you only have very few articles about it. What is your experience with this?
Also, I tried to register with iForex and just before I was about to fund my account with $100 I read around the net and found many bad reviews about them that’s why I am now uncomfortable to work with them. I checked out one of your recommended brokers – IronFX and the minimum funding is $500. I am not sure I want to risk that much yet.
There are other brokers whose minimum amounts are also $100 but it seems every one of them when I counter check with polls etc., I get to read complaints about how they are all scams.
Forex is an exciting market but I need to know where I can trade safely. I have already sent my intent to attend the Forex seminar by Mark So on January 11 but you haven’t emailed me yet about how to pay for it. 🙂
Thanks and I look forward to your insights (and blog articles) about your experience with Forex trading.
I am a Defensive type of investor.
My result: Conservative. I think I’d have to agree. Though there are times when I’m willing to take risks, but when I see or feel that it might not succeed (e.g. decline in stock market), I tend to panic. 🙁
In one question above, wherein I invested a certain amount last year and it went down, I chose “Should I buy more now that the price is lower?” Is that a correct mindset?
Here’s mine.
Your result: Defensive
You are probably a new investor and still learning the ins and outs of investing. Your biggest fear when investing is to make a mistake, so take your time, study and learn more about it.
Im an agressive investor. I want to make as much as is reasonably achievable in the shortest time possible. I understand high reward carries high risk.
Hi Jesse!
Yes. When stock market prices are down, that means that the stocks are on a bargain. So it is the best time to buy. When the prices are going up, it is the best time to sell. 🙂
But for a first time investor, the best way to play in the stock market is by cost averaging. This means that when you buy stocks now, hold it for at least 5 years. Over the course of those 5 years the market will go up and down but don’t worry. After your holding period, when you decide to withdraw, regardless if the market is up or down, you will still be at a gain because of cost averaging.
Look around the blog site, I’m sure you’ll find great resources about the stock market and you can conquer your panic!
Happy Investing!
Balanced.
Why does it seem like I’m one of the few?
Growth
You have big dreams and willing to experience the ups and downs of the market for the potential of great returns. Keep your motivation and optimism, don’t forget to regularly monitor your investments and I’m sure you’ll reach your financial goals
Here is mine.
Growth:
You have big dreams and willing to experience the ups and downs of the market for the potential of great returns. Keep your motivation and optimism, don’t forget to regularly monitor your investments and I’m sure you’ll reach your financial goals.
Well, I guess that’s true, I want my money to grow and to know what it feels like to be at the bottom and to be on top of the market. 🙂
it says i am defensive. well obviously because im still in the learning stage. hehe…
Balanced daw ako! 😀 hehehe
You have a good attitude towards investing and understand that sometimes you win, and sometimes you lose. You are willing to risk short-term losses for the prospect of higher long-term returns. Maintain that healthy attitude and keep investing.
Result: Aggressive
You’re driven and passionate about wealth, and willing to risk whatever is needed to achieve your financial goals. As long as you’re properly protected with emergency funds and insurance, then you’re okay in my book.
At some point it’s true 😀
Defensive ang result ko. Paano naging defensive yun? :-).
Thank you.
My result is: Balanced
But i wanted to be aggressive! why cant i be aggressive!
I am Defensive.
And it’s true, I’m still learning about it. 🙂
Got this result from the quiz 🙂
Balanced
You have a good attitude towards investing and understand that sometimes you win, and sometimes you lose. You are willing to risk short-term losses for the prospect of higher long-term returns. Maintain that healthy attitude and keep investing.
Agressive. Agree.
Result : Growth
Yeah! I agree!..I have big dreams and willing to experience the ups and downs of the market for the potential of great returns.
I just letting my money grow in the stock market but with regular monitoring on it.
Thanks for this entertaining quiz sir fitz! haha.
Keep it up! godbless!
Happy investing every juan! 😀
Growth.
You have big dreams and willing to experience the ups and downs of the market for the potential of great returns. Keep your motivation and optimism, don’t forget to regularly monitor your investments and I’m sure you’ll reach your financial goals.
I am a progressive investor with the help and exposure from my Ready to be Rich subscription. I was driven by his day to day blogs and started investing in UTIF last January, 2013. I reaped my first fruit by April and re-invested again. Since, I was on my first move of investing I took for granted the Emergency Fund with confidence that I am still have a job. Secondly, taking for granted the sayings “dont put your eggs in one nest”. From April up to now, I let my investment slept in my bank since UTIF now is really in bad shape. So charge to experience. I thank you.
Balanced???
I want to be aggressive! Need to learn more…
Conservative
Growth
You have big dreams and willing to experience the ups and downs of the market for the potential of great returns. Keep your motivation and optimism, don’t forget to regularly monitor your investments and I’m sure you’ll reach your financial goals.
Thank you sir Fitz.God bless you always
My result: aggressive
You’re driven and passionate about wealth, and willing to risk whatever is needed to achieve your financial goals. As long as you’re properly protected with emergency funds and insurance, then you’re okay in my book.
God bless our investing …thanks a lot Mr.Fitz
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Here’s mine.
Your result: Defensive
You are probably a new investor and still learning the ins and outs of investing. Your biggest fear when investing is to make a mistake, so take your time, study and learn more about it.