Like to play it safe? Or would you rather take risks? Do you even know?
Everyone has a different attitude toward saving, spending, and investing. Take this quiz to discover how your personality will match up with the types of investments you may make now or in the future.
Your favorite uncle, Sonny, gives you a nice chunk of change for your graduation and tells you to save it for a rainy day - or even retirement. Realistically, when would you dip into the account?
a. When I retire. What kind of account should I use? A Roth or traditional IRA?
b. In about five years. I know he earmarked it for emergencies. But I'll want to move from the dorms to an apartment! He'd understand.
c. Uh, tomorrow. How else can I afford an iPod and a senior trip to Cancun?
Your grandparents bought you some Disney stock when you went through your "Little Mermaid" stage. Once in a while you glance at the paper to see how it's doing. When the price is down, what do you think?
a. Panic. And I never really liked "The Little Mermaid" anyway.
b. I really don't worry about it - don't we all have our ups and downs?
c. I can buy more shares at a cheaper price.
How important is it to you to have a good portion of your money in an account that earns exactly what it says it will - you know, like a certificate of deposit or money market account? a. It's very important! But I also hate blind dates.
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