Money Under 30 | Advice On Credit Cards, Investing ...
Advanced Money School Lesson 5 Worksheet: Your Investment StylePlease rate how much you agreed with the following statements where 1 = “Not at all” and 5 = “Very much”.1. I am knowledgeable about the stock market and comfortable researching and choosing investments.2. I am interested in learning more about investing and the stock market.3. I’m happy to devote some of my time to learning about investing and managing my own investments.4. I understand that investing is risky and the stock market is volatile. I still think stocks are one of the best places to invest for long-term growth.5. I like knowing exactly what I’m investing in, even if that means taking on more risk.6. I hate to pay an expert for something I can learn to do myself. (Even if I admit I won't do quite as good a job as a professional.)Add up your total score.20 or higher. Construct a portfolio consisting of low-cost index funds, some stocks, and alternative investments.Between 13 and 20. Choose either actively-managed mutual funds (such as target date funds) or a roboadvisor.12 or below. Stick with a roboadvisor. Or, consider hiring a financial advisor to help you navigate investment decisions. ................
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