In reality, I wouldn't have the investments they recommend at 24 either. I'm very phobic.buddtholomew wrote:It's a phobia, difficult to overcome.
Investment Risk Tolerance Quiz
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- MachineGhost
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Re: Investment Risk Tolerance Quiz
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Investment Risk Tolerance Quiz
I didn't even know what they were getting at with the whole "some experts think metals will go up do you sell your bonds?" Uh no I don't change my AA based on what "some experts" think
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Re: Investment Risk Tolerance Quiz
30 with standard PP
- Kriegsspiel
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Re: Investment Risk Tolerance Quiz
Yea I picked the "I don't care what they say" option. I also picked "no money" for the geologist neighbor because how would he know there's a 20% chance of striking gold? It does make sense, in a way, that trusting other people like that depends on how "risky" you are, since they can lose your money, but I didn't think that's the kind of risk I'd be getting assessed on. The whole survey could have been "experts think long term government bonds are going to do better than 60-40 in the next 2 years, do you put all your money in those bonds, or hold what ya got?" Instead of asking YOU what YOU'D do in current market conditions. I guess when you are the experts, you would feel like what they said matters.dragoncar wrote:I didn't even know what they were getting at with the whole "some experts think metals will go up do you sell your bonds?" Uh no I don't change my AA based on what "some experts" think
- MachineGhost
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Re: Investment Risk Tolerance Quiz
Blah, blah, blah... but what was your score? Can you top lazyinvestor's 30?Kriegsspiel wrote:Yea I picked the "I don't care what they say" option. I also picked "no money" for the geologist neighbor because how would he know there's a 20% chance of striking gold? It does make sense, in a way, that trusting other people like that depends on how "risky" you are, since they can lose your money, but I didn't think that's the kind of risk I'd be getting assessed on. The whole survey could have been "experts think long term government bonds are going to do better than 60-40 in the next 2 years, do you put all your money in those bonds, or hold what ya got?" Instead of asking YOU what YOU'D do in current market conditions. I guess when you are the experts, you would feel like what they said matters.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- Kriegsspiel
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Re: Investment Risk Tolerance Quiz
32. But I think it's a poorly constructed survey.
Re: Investment Risk Tolerance Quiz
The classics questions are the ones with equal expected value, so would you rather have $500 or a 50/50 chance at $0/$1000. That makes sense I guess. I'd typically pick a sure thing all else being equal.
Now if it's $500 vs 50/50 chance of $2000/0 I'd flip the coin. Usually you keep adjusting the values until you find the point at which you prefer the coin flip.
But if it's $5 million vs 50/50 chance of $20 million/0, I'd go back to the sure thing because it's more money than I need
Now if it's $500 vs 50/50 chance of $2000/0 I'd flip the coin. Usually you keep adjusting the values until you find the point at which you prefer the coin flip.
But if it's $5 million vs 50/50 chance of $20 million/0, I'd go back to the sure thing because it's more money than I need
- bitcoininthevp
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Re: Investment Risk Tolerance Quiz
29 here. guess that explains the bitcoin in the vp.
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Re: Investment Risk Tolerance Quiz
I got a perfect score (100) and think the test was very well written
- dualstow
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Re: Investment Risk Tolerance Quiz
It's one of the better phobias, though, and better than being a gambler/spendthrift.buddtholomew wrote:It's a phobia, difficult to overcome.
- vnatale
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Re: Investment Risk Tolerance Quiz
That link led to nowhere. Doing a Bing internet search on the words Rutgers risk quiz ended up bringing me here: http://pfp.missouri.edu/research_IRTA.htmlMachineGhost wrote: ↑Tue Sep 20, 2016 9:53 pm Backed by science! Risk tolerance is a stable personality trait. However, risk perception changes because it is a cognitive appraisal based on one's current mental state.
http://njaes.rutgers.edu:8080/money/riskquiz/
Took it and got a 28, on the high end of "You have an average / moderate tolerance for risk" and just below "You have an above-average tolerance for risk".
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- dualstow
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Re: Investment Risk Tolerance Quiz
That’s because the thread is three.years.old. In Internet forum thread years, it is George Burns. It’s the Old Man of the Mountain. It was quite dead, or was before you exhumed it. What the hell, Vinny?vnatale wrote: ↑Sat Nov 16, 2019 10:04 pmThat link led to nowhere.MachineGhost wrote: ↑Tue Sep 20, 2016 9:53 pm Backed by science! Risk tolerance is a stable personality trait. However, risk perception changes because it is a cognitive appraisal based on one's current mental state.
http://njaes.rutgers.edu:8080/money/riskquiz/
...
If you buy any classic cereal boxes on eBay, I recommend that you do not mail in the box tops with fifty cents, no matter what it says, because you’re doing to be disappointed.
For the rest of us, I’m not sure how we’re supposed to tell which of these topics are truly active, and which ones are Vinny telling us he got a “28” on an exam that nobody remembers.
- vnatale
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Re: Investment Risk Tolerance Quiz
Here's one for you related to those cereal boxes. With a tie-in to the government bureaucracy.dualstow wrote: ↑Sun Nov 17, 2019 9:05 amThat’s because the thread is three.years.old. In Internet forum thread years, it is George Burns. It’s the Old Man of the Mountain. It was quite dead, or was before you exhumed it. What the hell, Vinny?vnatale wrote: ↑Sat Nov 16, 2019 10:04 pmThat link led to nowhere.MachineGhost wrote: ↑Tue Sep 20, 2016 9:53 pm Backed by science! Risk tolerance is a stable personality trait. However, risk perception changes because it is a cognitive appraisal based on one's current mental state.
http://njaes.rutgers.edu:8080/money/riskquiz/
...
If you buy any classic cereal boxes on eBay, I recommend that you do not mail in the box tops with fifty cents, no matter what it says, because you’re doing to be disappointed.
For the rest of us, I’m not sure how we’re supposed to tell which of these topics are truly active, and which ones are Vinny telling us he got a “28” on an exam that nobody remembers.
For a while I was selling old Sports Illustrated's on eBay. I gave buyers the option of regular mail or media mail. The latter is much cheaper (but takes longer).
The woman at the post office asked me if the content of my large envelope had any advertising (which makes it ineligible for medial mail rates). I had to be honest and told her Yes. But I also told her that with the magazine probably being 30 or 40 years old at that point that it really wasn't advertising because you could not buy any of the items that were being advertised.
I'll give you one guess who won that argument.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."