Tuesday, November 3, 2009

Third Variable - Personal Risk Profile


There are 2 (two) types of risk concerning investment. One is called the "Investment Risk" and the other is called "Investment Behaviour".
The former is regarding all risks associated to the financial products and the latter refers to the level of comfortability towards the risk inherent in the chosen investment. You may also call it as psychological behaviour pattern of an investor and that means how one reacts or proacts under different scenarios during investing. While the "Investment risk" is as important, the variable mentioned in this context hinges on the "Investment Behaviour".

WHERE RISKS CAN BE FOUND?
Investment Risk - Found in the investment products.
Investment Behaviour - Found within ourselves.

NATURE OF RISKS?
Investment Risk - Variable
Investment Behaviour - Variable

CAN RISK BE MITIGATED?
Investment Risk - Yes
Investment Behaviour - Yes

EXAMPLES OF RISKS?
Investment Risk - Market, liquidity, currency, economy, product, marketable risk et cetra.
Investment Behaviour - Emotional, fear, greed, over optimism/over pessimism, sensitive et cetra.


Your psychological acceptance/unacceptance through embracing the multiple risks, lies in the category of your own risk profile. This matter is hard to tackle but through continous learning about the investment products and the risks it inherit, you will better position your self in reaping better returns without creating emotional conflicts. This is a characteristic of a quality investor!
And how do you go about in gauging your risk profile?
There are many Risk Profiling questionaires that you can try answering. This is a test that will enable you to understand your behaviour towards risk taking. Depending on your risk profile, your advisors or financial planners will advise you suitable products that suits your investing behaviour. By such, conflicts can be avoided by not indulging in products that comes with unaccepted risk. Should you are interested in knowing your risk profile, please forward your request
here


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