Investing for Conservative People.
#WiseUp
5 mins read

Investing for Conservative People.

4 Personality Traits of the Risk Averse

You may consider yourself a cautious human being, but that doesn’t have to get in the way of reaching your financial goals. Over time, investing can help you get to where you want to be. But we get it. You want to be cautious with your money, and why wouldn’t you? You work hard for it. But see, that’s why we're here to help you reach those goals a little quicker––simply through smart choices.

 

So, if you are one of us who prefer to avoid risk, here are the personality traits that can help you get started with investing.

 

1. You do your homework.

Before inadvertently jumping into anything you make sure to study and do your research––you need to get informed. That allows you to overcome fear, which paralyzes and can often get in the way of reaching your ultimate goals. But please be sure to compare only apples to apples, as not all kinds of investments are the same. Also, be on the lookout for monthly fees and other costs for opening the account and depositing and withdrawing money.

 

2. You know better.

You don’t trust miracle solutions that promise unrealistic gains. In other words, you’re not falling for something that sounds too good to be true. And you’re right! When we hear about services that promise to make people richer instantly, we recommend running away from them. Nobody can double your money just like that.

 

Want to start investing?

Start here

Invest as little as $5 a week.

 

3. You take the safe road.

Sure, there’s always a first time for everything, but you prefer to follow paths that been proven to succeed. That is why you understand that investing is the answer to reaching your long-term financial goals. Investing does not rely on luck; it relies on math, the same used by millionaires.

 

4. You keep up with your routines.

You find comfort in routines, and we admire that. This aspect of your personality goes hand in hand with investing. Why? Recurring deposits, for example, are a cornerstone to build wealth over time. That works because of Dollar Cost Averaging, which is the technique of buying a fixed amount of an investment at regular intervals, as opposed to investing a large chunk of money randomly.

 

It turns out your personality traits can help you become a smart investor. Visit Finhabits.com to start today. We allow you to invest with as little as $5 a week to help you gradually overcome your risk aversion.

 

Was this article useful?

Yes
No

This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The information and opinions contained in this post are derived from proprietary and nonproprietary sources deemed by Finhabits to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Finhabits, its officers, employees or agents. This post may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this post is at the sole discretion of the reader.

Want to start investing?

Start here

Invest as little as $5 a week.