Among the young and wealthy, cautious investors hold more crypto
If you’ve ever worked with an investment advisor — real or virtual — you’ve likely taken a sort of investor version of the Myers-Briggs test.
What would you do if you experienced a major decline in your portfolio? When choosing investments, do you prefer stability or growth potential?
These questions are meant to gauge your risk tolerance. If you are willing to stomach significant short-term volatility for the chance at higher returns in the long run, you’re generally considered an “aggressive” investor. Those who are more concerned with preserving their wealth are labeled “conservative.”
Generally, aggressive investors hold larger portions of riskier assets, such as stocks, while conservatives prefer the safety and predictability of…
