Sunday 12 November 2006

Try This Investment Risk Tolerance Quiz

Want to improve your personal finances? You risk tolerance is one of the fundamental issues to consider when planning your investment strategy. Start by taking this quiz from Kansas State University. Choose the response that best describes you - there are no "right" or "wrong" answers. Just have fun!

Take the Quiz

ps. I scored 33 - "a high tolerance for risk", which is what I expected. The score ranges are:

Score Risk Tolerance Level
0-18 Low tolerance for risk
19-22 Below-average tolerance for risk
23-28 Average/moderate tolerance for risk
29-32 Above-average tolerance for risk
33-47 High tolerance for risk

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1 comment:

Anonymous said...

Thanks for sharing the quiz.

I scored a 29 which just into above average. I believe I am more below average to average. I think some of the questions are more about understanding statistics versus risk.

For example, I chose 5% chance of $100,000 vs $1000 for sure. In my opinion, this question was about choosing the statiscally best option versus risk tolerenece. The statistical value of choice 1 is $5000 and choice 2 is $1000.

On the other hand, there were many questions about risk tolerance - e.g. invest in stocks or CDs?