Are you willing to take risks when investing or do you prefer to play it safe? An essential part of managing your finances and building a successful investment strategy is understanding your risk tolerance. Knowing your level of risk aversion is extremely helpful whether you decide to invest or plan retirement on your own, with assistance or leave it completely up to a professional.
This risk tolerance quiz was developed by Dr. Ruth Lytton at Virginia Tech and Dr. John Grable at Kansas State University and is hosted on the extension website. Take the quiz here!