You thought you and your childhood friend had the same likes and dislikes, preferences and prejudices because you grew up together. Ever wondered why he continues to put his money in bank fixed deposit while you thrive on playing the stock markets? Its all about how different your risk profiles are.....
Your risk profile is essentially determined by objective factors (age,income level, number of dependents, security of your job) and subjective factors (risk behaviour intrinsic to each individual's psychology).
The Risk Analyser takes you through a series of scientifically designed multiple choice questions to understand your risk taking capacity and behaviour and thereby arrive at an assessment of your risk profile.
1) Your age is
2) Your current annual take-home income is
3) The number of years you have until retirement is
4) Your present job or business is
5) What is your expectation of how your future earnings would be
6) How would you describe yourself as a risk-taker?
7) How good is your knowledge of finance?
8) If you lose your job or stop working today, how long do you think your savings can support you?
9) If you had Rs 50,000 to invest, which of the following choices would you make ?
10) You have a market tip on the price appreciation of a certain scrip, you
11) You are on a TV game show and you win Rs 10,000. You have a choice to keep the money or risk it to win a higher amount. You
12) Which one of the following best describes your feeling immediately after making an investment, you
13)The stock market has dropped 25% and a share that you own also dropped 25%, but the market expects the share to go up again. What would you do ?
14) You have a substantial sum of money spare for about 6 months after which you need this sum to repay a loan, this sum is currently not invested anywhere. You would
15) You are financially responsible for (exclude dependants who can be supported by your spouse's income)