Risk Questionnaires do not usually rate very high with me as I believe that your risk "capacity" (ability to hold on and not access investments that have gone down in value) and your strategy (years of safety required for your particular distribution or income needs) have more weight in deciding how to invest. However, if you are curious as to your "bent" then FinaMetrica is one of the most highly respected organizations to derive some ideas on risk.
Here is a risk profile questionnaire developed by FinaMetrica that normally costs $30 per person but is currently available on Kiplinger's website for free (December 2009 and not sure how long this will be available for free):
www.kiplinger.com/reports/investor-psychology
You can also go directly to this FinaMetrica website and take the quiz:
http://riskprofiling.com/freeprofile/
It may be a starting point, at least, for discussion with a professional planner but strategy still is important as is your time horizon.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.