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The 11 Investment Personality Types (and which one best suits you)

The 11 Investment Personality Types (and which one best suits you)

Take a look down the list and see if any of the personality types listed match yourself. If you find a personality type that matches yours, then try one of the wealth building options listed.

1. Spendaholics should invest in peer-to-peer lending

Peer-to-Peer lending allows you a fair amount of control over the money you save because you can save for short amounts of time and have your money back to you very shortly. The returns are small, but it is good to be able to get your money away from you without feeling like it is gone for five years and you cannot get it back. It allows you to save a little money and remove the temptation for shopping by removing your access to money for short periods of time.

2. Workaholics should use flexible savings accounts and government bonds

If you spend most of your time working, then put large chunks of your money into flexible saving accounts. You will be able to withdraw your money whenever you need it, but otherwise it is earning interest. When you finally have a few hundred in your account and you are pretty sure you can do without it, then invest in government bonds as your saving and wealth building method. Every time you have a comfortable amount in your flexible saver, you can buy another bond.

3. Impulsive people use 3-year savings plans

The impulsive people among us are tempted by their own money, and the more they have as a lump sum, then the more things they think of to buy. If you are fairly impulsive, then you are going to have to go through the horror of saving. If you can muster $100 or more, then enter it into a 3-year savings plan. This locks your money away long enough so that you can forget about it. However, if your impulsive nature turns compulsive, then you still have your money back in three years so you may pay off the debt you get yourself into.

4. Patient people should invest in the bonds and financial plans

If you are patient, then one assumes you have a fair amount of discipline, are a little more organized that the average person, and are fairly un-impulsive. These are traits you need in order to be and remain a patient person. If you are patient, then you are the best type of investor. Try investing in things that do not require a lot of research or maintenance. Bonds take very little research and/or thought if you buy them from the right place, such as government bonds, and with fixed rate bonds you can see how much you are going to make before you invest. Your bank will probably have a number of other financial investment plans you can buy into where very little maintenance is required throughout the investment term.

5. Satisfaction-hungry people should invest in a range of different stocks and shares

The stocks and shares market is for people that crave satisfaction and action. The markets go up and down all the time, and as the investor invests more money in different things, his or her involvement goes up as he or she tries to buy and sell at the right time. A satisfaction-hungry can make investments in volatile investments to try and catch them on the upswing so they may sell them before they fall again.

6. Well-organized people should invest in their own business

If you consider yourself well organized, then investing in a business/enterprise may be more suitable for you. If the business is your own, then you may have more control over your eventual return. If the business is being run/belongs by/to another, then your well-organized nature will help ensure you take all adequate precautions prior to investing. Your organizational skills may help you manage a diverse portfolio of businesses you have invested in.

7. Disciplined people should have a very diverse portfolio

An undisciplined person may get carried away with his or her investments and start investing in the same places repeatedly. He or she may also favor a certain type of investment. If you are able to keep your enthusiasm in check, then you may build a very slow burning but very safe diverse portfolio of investments.

8. Creative people should have a good pension plan

Most creative people live a life of near poverty. Very few people are able to be creative and earn a living from their creativity. Even fewer are able to build wealth whilst they work within their creative outlet. As a creative person in a creative industry, your best investment is in your pension so that you may live your later years in luxury.

9. Risk-Takers should invest in penny shares

Yes, there are a lot of risky investments out there, but the truth is that few of them offer the same thrills and spills that penny shares offer. Prices go up and down on a daily basis, some of your shares shoot up, the others die, and you never know what is coming from one day to the next. It can be very exciting and very scary. On the plus side, you do not have to invest as much money each time you buy penny shares. Read what penny stocks are and why you should invest in them.

10. Goal-Oriented people should trial and error test different investments

If your idea of a good time is setting goals so you can reach them, then the world is your oyster when it comes to investing. People with a plan, even if the plan is a simple value goal, are far more likely to gain wealth. As a goal-orientated person, you need to keep trying different investment types to see which gets you to your goals with the most efficiency.

11. Hardworking and smart people should invest in their career

You can invest in almost anything, which means you can invest in yourself and your career. Spend your money on learning and training in your free time. Invest in items and scenarios that will improve your standing at work. Hardworking people should invest in their career because it may pay far more money over the long term than standard investments, plus it is more likely to pay efficiently and regularly.

About The Author

Ben Todd

Ben was a seriously broke graduate student with bad credit who after finding himself rejected for any sort of credit card or loan for most of his adult life, finally decided to get his financial life in order. 'He spent several years reading as many financial advice books and blogs as he could.And suprisingly, Ben found he actually LIKED the topic of personal finance; after fixing his own finances, starting his own successful work at home website business, and using his earnings to get out of debt, created echeck.org to help others do likewise!

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