Too many choices? Don’t worry we got you covered.
With this test, we will attempt to narrow down your choice and hopefully find what advisor is best for you
Age
Age impacts your strategy significantly because it affects the time you have to recover from market setbacks. As you get older, you have less time before needing your money, making it riskier to weather market fluctuations. Plus, even if you make a good investment, it might take longer to see returns, especially with a shorter time horizon.
Risk tolerance
Your risk tolerance shapes your strategy. It's crucial to invest in a way that matches how comfortable you are with risk. If you take a big risk and panic when a stock drops, you may sell at a loss. So, your strategy should align with your risk tolerance to avoid hasty decisions during market fluctuations.
Emotions
Emotions have a big impact on your strategy. Knowing what to do during a 40% portfolio loss is different from actually experiencing it. Emotions can lead to impulsive actions, like selling or buying at the worst times. Your strategy should consider how you handle emotions during market ups and downs to make better-informed decisions.
Time horizon
Your time horizon, like your age, is important for your investment strategy. For instance, even if you're young, if you only plan to invest for a short time, like 3 years, you have less time to recover from market changes. Both age and time horizon matter in shaping your investment approach.
Goals
There is no good way to score goals as they are subjective. So just think of your goal and what it requires to get there
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Max money
Want the maximum amount of money, well then you need to take some real risks too. But the reward is there for the people that can handle it
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Perfect balance
Balancing risk to gains. This is a perfect place to start if you do not have any real financial goals yet
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Stable income
As many gains as you can get with the most stability, For example, dividend portfolios.