Introduction

Investing can be a great way to grow your wealth over time. But before you start investing, it's important to figure out what investment strategy is right for you. The quiz further in the content will help you find out what type of investor you are and which investment strategy will fit your personality.

What is investor personality?

Investor personality is a psychological profile that describes the typical characteristics of an investor. These profiles can be used to predict an investor's risk tolerance, investment preferences, and behaviour.

There are various types of investor personality profiles. This article will discuss the Bailard, Biehl, and Kaiser (BB&K) Five-Way Model

Bailard, Biehl, and Kaiser (BB&K) Five-Way Model

The BB&K Five-Way Model is a personality assessment tool frequently used by investors. The model was developed by Thomas Bailard, David Biehl, and Ronald Kaiser. It takes into account an individual's level of confidence and preferred method of action along two dimensions. Since then, it has been widely used by investors to improve their performance.

The first dimension is the Level of Confidence. This reflects how confident the investor is in all areas of life, including his career, his health, and his finances.

The second dimension is the Method of Action. This pertains to whether the investor is systematic, careful, and analytical in their approach to life, or if they are emotional, intuitive, and impulsive.

The BB&K Five-Way Model produces five personality types based on these two dimensions, which are:

1. The Adventurer: This type of person loves new experiences and is always up for an adventure. They are also very fearless and are often the life of the party.

2. The Celebrity: Also known as the attention seeker, they love to be in the spotlight and are always seeking approval.

3. The Individualist: The individualists are Independent-minded, creative, and spontaneous. They are also an idealist who tends to stand up for others against authority.

4. The Guardian: This type of person is typically very cautious with their money and possessions, and they often have a difficult time letting go of things.

5. The Straight Arrow: This category of person is always honest and straightforward. They tend to be very logical and level-headed, and they usually stick to their decisions.

Read the full article from:

https://tedoptimus.com/investment-roadmap/article/8