Dollar Duo: Your investing personality
Posted on December 2nd, 2008 – 3:23 PMBy Kara McGuire
I’ve found it interesting how I’ve dealt with the uncertainty peppering the economy. I find myself hoarding money one day and blowing a big wad of it the next. As for my investments? I haven’t done a thing, although I know what tweaks I should institute.
The field of behavioral economics has really taken off in recent years, probably because how we handle money is so irrational and mindboggling.
On this week’s Dollar Duo, John and I interview Will Prest of SecurePath by Transamerica. The St. Paul-based insurance and financial services company recently created a quiz on investing personalities. With Will’s help, the video takes a look at how those personalities will translate at the mall this holiday season.
Curious about your personality? Take the quiz.
I came out a Pursuer and I must admit that doesn’t jive with how I behave as an investor. I think of myself more as a Venturer. I know John Ewoldt found his results didn’t mirror his behaviors either. It makes me wonder if I drank the modern portfolio theory Kool-Aid and behave the way I’m “supposed” to behave instead of what’s most comfortable to me?
I’m curious. Take the survey and tell me if you think your quiz personality type reflects your real investing/spending self.
2 Responses to "Dollar Duo: Your investing personality"
I’m “anchored”
You probably anticipate having to work in retirement.
too true
Venturer - true. I feel like I have a better understanding than many around me… but that may be because they come to me for advice.
As for retirement - full tilt, baby! My risk tolerance is high (although in this market that can be painful), but I fully expect the risk to pay off over the next 25 years, until I start downgrading the risk as I near retirement.
