Sure, everyone knows how they should invest, but when bad information comes in how do you take it? Test yourself with our online test.
Ok, we've made a test to see how people will hold up as investors under different scenerios. Take the test and see how you do!
1. When news comes in for a stock, I want to buy or sell based on that news? Yes No
2. When stocks go up or down, I immediately feel like buying or selling. Yes No
3. The value of my portfolio changes my mood. Yes No
4. I like to watch CNBC. Yes No
5. I like to watch market forecasts. Yes No
6. My mutual fund manager watches my stocks everyday, so I will do well. Yes No
Ok, now if you selected yes for everyone of these, you should probably stay out of the stock market alltogether or put your money in an index fund. If you selected no on all of these, you are doing pretty well and have the personality for being a long-term investor. For others, you may want to work on improving in the areas that you selected yes if you want to be a successful long-term investor.
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