What type of investor are you? Seat of your pants and looking for excitement or happy for a steady return over 10 years?
Barclays Wealth has found a way to measure your ‘risk profile’ by using psychometric assessment. Interestingly, risk is something that organisations using The McQuaig System have been measuring in the UK for the past 25 years.
Most people think of entrepreneurs as risk takers, but aren’t so happy when employees in their own businesses ‘take risks’. There are certain types of psychometric profiles that are happier with risk than others and these are usually the same types that are comfortable with change.
So, in this economic environment if you want adaptable people who aren’t afraid of change, you’ll need to accept there may be a certain amount of ‘risk taking’ involved.
But that’s not a bad thing, is it?