What's Your Risk Factor?

By Candace Bahr, CEA, CDFA and Ginita Wall, CPA, CFP

What's Your Risk Factor?To help you figure out your relationship to risk, we've created a short quiz. Take a few moments to complete it, choosing the answer that best describes you.

The results should give you a good idea of how much comfortable you are (or aren't) with taking risks.

When taking this quiz:

  • Answer all questions (guess if you're not sure)
  • Only check ONE box for each question
1. My primary goal is to:
Protect my savings. I'm most concerned about preserving what I have.
At least keep up with inflation.
Take some investment risk to get a good return.
2. If the stock market dropped 10 percent tomorrow, I would:
Sell everything. I can't afford to lose it all.
Bide my time and see what happens.
Put more money in. Aren't you supposed to "buy low, sell high"?
3. If I had a choice between $1,000 cash and a 1 in 10 chance for $10,000, I would:
Take the money and run.
Consider my current financial situation. If I desperately needed the money, I'd take the cash.
Take a chance. Sometimes you win, sometimes you lose.
4. Would you invest in a start-up company?
Only if the founder was Bill Gates.
Yes, if I had extra cash to spare and the company had a good business plan.
Of course -- I'm always looking for new opportunities.
5. Short-term losses in my retirement account make me feel:
Extremely worried. I just can't sleep at night when I know that I'm losing money.
A bit concerned. But I know that I have a long time ahead to make up the difference
Committed to my investment plan. I know the market will go up over the long haul.
6. Do you like surprises?
No, not even when I was a child.
Only on my birthday.
Half the fun in life is seeing what happens next.
7. When I make a bad investment:
I brood about it for months, sometimes years afterwards.
I try, sometimes successfully, to let it go.
I focus on my next venture.
8. In my daily life:
I like predictability and routine.
I try to do things differently every once in a while.
I can't stand to do the same thing twice.
9. I am like the:
Chicken -- afraid to venture out.
Golden retriever -- even-tempered and easygoing.
Cheetah -- fast, solitary, and carnivorous.
10. My outlook on the future is:
Pessimistic -- things always seem to get worse and worse.
Half-empty and half-full -- sometimes things work out, sometimes they don't.
Optimistic -- things always end up for the best.

 

 


At WIFE we welcome your comments. Please feel free to contact us

 

 
 

Help support WIFE.org and the Money Club


All proceeds support the non-profit Money Club and WIFE web site and projects
Free Gifts with Different Membership Levels

           

Bahr Investment Group (Carlsbad, CA)
Understanding your deepest concerns and needs is critical as you approach this part of your life. Find out how Bahr Investment Group can help you achieve your goals.

Bahr Investment Group: Financial Planning for Women

Securities offered through LPL Financial. Member FINRA/SIPC

 
 
WIFE.org Booklets WIFE.org Financial Freedom Booklets