Investment Tips For 2009 : Determining Your Risk Tolerance
Investment: Risk Tolerance
I have a financial planner who, amongst other strange attributes, has a perky sense of humor. This may of course get him firmly slapped across the head if he continues to practice his comedic aspirations on me. At our last meeting, greeting me with a chuckle, he offered me coffee and a gift voucher to an anger management class. I wonder why would he think I get angry around him.
- Image by Friends for Peace via Flickr
Using his usual annoyingly authoritative air, this is how he explained investment risk tolerance to me, emphasizing that:
- Each of us has a risk tolerance level that should not be ignored
- Any good stock broker or financial planner worth his salt knows this, and should make the effort to help determine what our risk tolerance levels are
- They should work with us to find investments that do not exceed our risk tolerance - as both low and excessive risk tolerance could, as well as negatively affecting our health and financial stability, have an adverse affect on our personalities!!...Mmmmmmmm!
- We must realize that our need for a high risk tolerance or our need for a low risk tolerance really has no bearing on how we feel about risk. Did that make sense...???
So here's how I see it
If you invested in the stock market and you watched the movement of that stock daily and saw that it was dropping slightly, once you had picked your heart and stomach up off the floor, what would be the thing to do?
Would it be to sell out or to let your money ride? If you had a low tolerance for risk, you would probably want to sell out and immediately throw back a couple of valium… if you had a high tolerance, you would probably, with gritted teeth and white knuckles, let your money ride and see what happens.
- Image by elycefeliz via Flickr
Anyway.....on a lighter note and in true DSU style, enjoy and have a giggle at these 'humorous investment activity suggestions' for 2009
Investment tips for 2009
With all the turmoil in the market today, the collapse of Lehman Bros and Acquisition of Merrill Lynch by Bank of America this advice may be timely.
For anyone with any money left, being aware of the next expected mergers may get you in on the ground floor to make some BIG bucks.
Possible Consolidations To Look Out For:
1.) Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W R. Grace Co will merge and become:
Hale, Mary, Fuller, Grace
2.) Polygram Records, Warner Bros., and Zesta Crackers join forces and become:
Poly, Warner Cracker
3.) 3M will merge with Goodyear and become:
MMMGood
4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become:
ZipAudiDoDa
5. FedEx is expected to join its competitor, UPS, and become:
FedUP
6. Fairchild Electronic s and Honeywell Computers will become:
Fairwell Honeychild
7. Grey Poupon and Docker Pants are expected to become:
PouponPants
8. Knotts Berry Farm and the National Organization of Women will become:
Knott NOW!
And finally...
9. Victoria 's Secret and Smith &Wesson will merge under the new name:
TittyTittyBangBang
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This is really a great post about the particular topic and i am really impressed to know about it. I have read your full article and truly speaking that it was really very knowledgeable and very interesting. I think you are really very close on your points. Anyways keep it up and keep continue with your valuable thoughts. In the near upcoming future.
well i think this investment tips really help me a lot and i must say that the content over risk tolerance is very good. i always looking for such type of post. keep it up
Well I am kind of pleased they did, but some were meant to be ‘tongue in cheek funny!!’.
You take care
Lorrette
The Bank now days is as important as the banker. When WAMU was bought out by Chase and they start playing the old switch-a-roo without notification of changes. Your good old banker could do nothing for you.
Seems many of the banks worldwide thought that that would be a fun game to play with their customers. Thanks for your comment Oliviya.
Cheers
Lorrette
NICE POST GOOD USE OF CONTENTS TO DESCRIBE YOUR IDEAS THANKS.
Since nothing really changed huge gainings are possbile – and the next crash is already preprogrammed.
Fred@steam cleaner´s last blog ..Steam Cleaner Facts
Mmmm! not a great thought that we have to ensure another crash.
Thank you very much for the tips. Maybe I wait a little longer until I get more confident in stock markets again.
Steve@tummy tuck´s last blog ..Rhinoplasty Los Angeles Guide
Hey Lorrette, Thanks a lot for the tips. To be honest Im only just getting started in the stock market so still have a heap to learn. I have been using practice accounts with a local broker but am about to invest for real…scary but exciting times ahead!
Aaron @ Kids Storm Shadow Costumes´s last blog ..Childs Storm Shadow Costumes
Well my pleasure Aaron and good luck with it all. Your Storm Shadow Costume site certainly looks good by the way. Please visit us again soon.
Cheers
Lorrette
Hi,
It really difficult time for investment.I think you can invest in property it surely will go up soon .
Thanks for sharing.
Hi,
I thinks it is not the correct time for investment.Your should take some precaution when thinks about the investment.
Thanks for sharing.
Hi,
very nice post. i really enjoy the reading.
Thanks for the sharing
Too funny! What a hilarious article and much needed given the current economic crisis ravaging the country. People have seen their whole nest egg wiped out the last few months with no clear relief on the horizon. It’s nice to see some people are weathering the storm with a sense of humor.
Cheers,
Jagger
Jagger@emini trading´s last blog ..Emini Education Reality Check – Scared Money Never Wins
Hi Jagger
Your comments and thoughts are much appreciated.
Yes it unfortunately seems like it is the never ending story at the moment, everyday the news reports another and another and another situation where people have trusted enough to invest for their futures only to find themselves on the brink of financial hardship – the greed of some has resulted in the destruction of so many nest eggs.
Thanks for visiting, I hope we see you again soon
Celebrate Life Till It Hurts
Lorrette
oh, I expect there is huge chance in 2009.
In last year,I lost many money in my investment.
Lets hope for everyone’s sake that the tide turns. Too many have lost too much already.
Heeh, victoria secrets and Smith and Wesson, that’s funny..nice the the sec can help grading risks for the various investment vehicles..
Glad you got a laugh out of the post – thanks for visiting, hope you come back and visit soon.
Haha! I just stumbled on your blog, your posts are hilarious. TittyTittyBangBang, I love it!
Nancy’s last blog post..Life Insurance Quotes For Planning The Future
Why thank you Nancy! I must admit I rather enjoyed that one too. In fact my friend Ann who is with me at the moment has been splitting her sides over the Hale, Mary, Fuller, Grace and Poly, Warner, Cracker.
Oops hang on, now Ann is rolling on the floor after reading the ‘Hilarious Infamous Flexi-Wings Letter.
Pleased you have enjoyed your visit to DSU – visit again soon.
Lorrette