What type of investor are you?

What type of investor are you?

When it comes to investing, the Ancient Greek aphorism “know thyself” applies well. Before taking that first step, you need to find out what type of investor you are. Take the test!

Have you decided to invest your savings? That’s definitely a move in the right direction!

Given the variety of options available, from stocks and bonds to investment funds, it’s essential to identify your savings objectives and know your tolerance to risk before handing over your nest egg to a fund manager.

Take the test!

By answering our questionnaire, you’ll be able to consider the following when making your investment decisions.

Your investment objectives

Your choice of investment will vary depending on whether you’re thinking long-term growth for retirement or security above all.

Take a few minutes to think about your objectives and choose the investment vehicle that meets your needs.

Your tolerance to risk

Investing in stocks is not for everyone! You have to be able to tolerate market fluctuations (ups and downs).

That’s why it’s important to choose investments that match your comfort level.

Your finances

When you’re in a stable financial situation, you can afford to take risks and aim for higher returns.

On the other hand, when you’re in dire financial straits, that’s when you must be careful and aim for more modest returns.

Your age and years until retirement

How many years until you retire?

The closer you are to this important milestone, the safer your investments should be, because you wouldn’t want to risk losing a large part or all of your savings this late in the game.

If your retirement date is decades away, you have the liberty of choosing riskier investments that will generate higher returns in the long run.

Your investment IQ

Stock market experts are able to make wise investments because they know the markets and companies well. They can therefore take risks.

If you’re new to the investment world, you might expose yourself to risks that don’t match your investor profile.

Always opt for investments that fit with your risk tolerance.

Everything changes

Today, be a risk-taker and invest in high-risk options. Tomorrow, invest in bonds so you can rest easy knowing your money is safe.

Since your life changes, take the test on a regular basis to make sure your investments continue to match your needs.

Talk to your advisor

Regardless of your profile (low risk, some risk or high risk), talk to your advisor to make sure your investment fund matches your profile.

Note: This blog post is provided for information purposes only. It is not a substitute for professional legal, financial or fiscal advice. For advice specific to your personal situation, always speak with your advisor. SSQ cannot be held responsible for any decision made as a result of reading this blog post.