Reward 1000 Tiger-coinsHey Tigers!
Welcome to this week's Thursday Special! Today's topic is to measure your risk appetite.
There are five types of personal risk appetite:
The investor who sleeps peacefully every night: Protecting the principal from loss and maintaining the liquidity of assets are the primary goals. Never believe in luck, only in ability.
FOMO investor: stability is an important consideration, hoping to get a certain amount of return on the basis of the safety of the principal. Buy or not buy? Sell or not sell? The opportunity slip away...
Feel like the second Warren Buffett: Desire to have high investment returns, but not want to bear large risks; the pursuit of long-term benefits, and steady growth.
“Aunt Cathie” Investor: Focuses on the short-term appreciation of investments. Often takes some action to improve investment returns and is willing to take a large amount of risk to do so. Usually don't forget to leave a way out for themselves.
YOLO Investor: Highly motivated to increase the value of their capital and willing to accept the possibility of large fluctuations in exchange for the possibility of high growth. Never been afraid.
Most people in different situations are likely to have different types of risk appetite. Maybe yesterday you were sleeping well, today is YOLO investor~ Let's talk about what type of investor you are and what happened.
Share your story with us in the comment section, including what type of investor and your experiences. No coins for the exact same experience.
Comments
Buy all the hot stocks.
Pretend that they are all green.
Look calm and cool when they are red.
Pray silently that in 10 years, they will be alright. [Cool]
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@LMSunshine @Mrzorro @Aqa @Fenger1188 @GoodLife99 @rL @SirBahamut @HelenJanet @pekss @Korer @JC888 @melson
$FOMO ETF(FOMO)$ $AdvisorShares Pure Cannabis ETF(YOLO)$ [Facepalm]
🌟🌟🌟Like the story of Tortoise and the Hare, I am the slow and steady kind of investor. It means taking small steps in investing by dollar cost averaging into plain vanilla ETFs and quality stocks.
I truly believe that slow and steady investments over time is a great way to build wealth and achieve my goal of FIRE - Financial Independence Retire Early.
Time in the market to me is far more important than trying to time the market to allow the magic of compounding to happen. It also allows me to sleep very well at night too. Iam definitely not a Fast and Furious kind of investor making big bets and hope to be an instant millionaire. Patience and Fortitude is the way for me.
@MillionaireTiger