Learn more about moneyandinvestments with this collection
How to apply new knowledge in everyday life
Why continuous learning is important
How to find and evaluate sources of knowledge
The Investor
People who invest are those who love the risk, trade frequently and have enough confidence to think they will beat the market.
A 2011 study found out that most investors underperform, namely 82%, because they were trading instinctively rather than strategically.
Advice: Continue to educate yourself, limit your trades to the amount you could afford to lose and try to act for your long-term financial benefits.
347
1.19K reads
MORE IDEAS ON THIS
The Saver
The Saver hates taking risks and hesitate about investing, or even spending.
Advice: Cash is not a suitable long-term investment. A financial advisor could help you find the right investment approach and the level of risk you are comfortable with.
288
856 reads
The Debtor
They simply spend too much and don’t put much effort into keeping their financial assets in order.
Advice: Try to keep track of your expenses on a daily basis; check your bank account more often and don’t allow yourself to borrow too much from your friend...
287
1K reads
The Ostrich
The Ostrich is someone who would rather bury their heads in the sand than organize their finances.
Advice: Ostriches should try to take slowly their heads out of the sand. They should try to examine their finances, take a close look at a better saving ra...
295
897 reads
The Big Spender
The Big Spenders like to make social statements by having the latest car, clothes, or phones. They use the money for love and attention and are the main representatives of consumerism.
Advice: Think twice before making a purchase and try to filter the things th...
291
839 reads
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The Anxious Investor
Lovers of risk, anxious investors trade frequently and believe they have the edge over others. Many have absolutely no idea what their returns actually were and only remember their good decisions.
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