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 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
863 reads
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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
1.01K 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
905 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
849 reads
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.
347
1.2K reads
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Other curated ideas on this topic:
The Hoarder
For hoarders, money represents security. They abhor risk and may even stockpile cash that they would probably be better off investing — or even spending.
Find an advisor you feel comfortable with who can discuss the right investment approach — and level of risk — for you.
...Robo-advisors
If you want an algorithm to make investment decisions for you, including tax-loss harvesting and rebalancing, a robo-advisor may be for you. And as the success of index investing has shown, if your goal is long-term wealth building,...
Investment traits
- High-Risk Tolerance: Real estate is a high-risk industry. One should be financially and mentally prepared to gain or lose. Rash decisions should be avoided.
- Unbiased Judgment: Successful investment in real estate requires an open-minded assessment ...
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