How do you know that stock market investing is for you?
Investing in stock market is a big decision, with huge consequences for you and the financial status of your family. If done properly, stock market investing is a good way to make some extra cash. However, not all people are suitable for that kind of activity. Before starting to invest in the stock market, you should analyze first your appetence for risk taking. If you are a very conservative type of personality and it’s hard for you to take chances about anything, than stock market investing might not be your thing. So, how do you know if stock market investing is for you? Well, keep reading our small questionnaire and if your score is higher than 15 points, than stock market investing is definitely the way to go.
- Do you ever buy tickets for the lottery?
a) Yes, I love buying lottery tickets, it’s funny – 5 points
b) No, it’s such a waste of money – 0 points
- When you are buying something expensive, do you take a lot of time to think about the investment?
a) I take the decision in an instant and it’s usually the right decision. Very rarely I regret a certain investment decision. – 5 points
b) I think a lot every time I had to buy an expensive item and I compare all the offers. However, almost every time a better offer shows up shortly after I closed the deal. – 0 points.
- Do you think that placing your savings in a bank is a good decision?
a) Yes. A reliable bank is a very safe place to keep your savings even if the returns are not that high. – 0 points
b) No way. Money needs to be put to work; I prefer to invest my savings in something that is going to get me real profits. – 5 points
- Do you ever read the financial page of your paper or financial magazines?
a) Very rarely. I am not that interested in that kind of information and I don’t get most of the things written there. – 0 points
b) I’m very interested in financial news and the state of the economy and I like to keep informed, so I always read the financial pages of papers and magazines.
- How hard do you take it when you lose something, like your phone, some money or electronic gadgets?
a) Really hard. I hate losing stuff and it takes me weeks to get over it. – 0 points
b) I don’t take it that and I always think that, if I lost a thing, I’ll gain instead something even better in the future. – 5 points.
We hope you had fun with our little questionnaire. It’s a simple, but very efficient way to find out if you are meant to be a stock market investor.
- If your score was 15 points and more, you’ll make a great trader. So, what are you waiting for?
- If your score was lower that 15 points, you probably don’t have the stomach for stock market investing. So, you should hire a very good, reliable broker and let him do the job for you.
