By A. Cory Maloy @ Jan 23, 2013
Today I participated in Apiary Fund’s new Investor Profile. The profile is a personality assessment tool designed to help investors recognize personal characteristics that may be beneficial or detrimental to their investment strategies. (Take the Investor Profile quiz here: http://www.theinvestorprofile.com)
After taking the profile quiz, I found I am an Analytical – Intuitive. The profile went on to tell me what my profile specifically signifies in relationship to my investment style and personality. In the result section of the profile, it said:
“You are easygoing, even-tempered and calm and you project a relaxed, confident air about yourself. These attributes reflect well in the trading markets because it allows you to approach the market in an objective manner even when the current market environment is changing quickly. Your even-tempered manner makes it easy to be persistent in the face of opposition, even when the markets are going against you. It helps you keep working and perfecting your skill to achieve higher levels of success. You don't allow stress to get to you and are very self-confident in your abilities.
“Personally, you are friendly, kind and cordial, and you don't intimidate others. People find it nearly impossible not to like you and often come to you with their problems because you genuinely like them and are willing to listen. Your warmth, sympathy, empathy, and understanding help in such situations to make suggestions in an indirect, inoffensive way. Although you are confident and carry yourself with poise, you also radiate a modesty that prevents you from appearing arrogant to others, and a gentleness that tempers your actions. The persistence that you apply to personal endeavors also applies to your relationships with others; when you want to be somebody's friend, you work at it until you make it happen.”
The profile went on to state, “Your success in the financial markets has as much to do with your personality as it does your level of expertise. It is important to develop a trading style that is consistent with your natural inherent characteristics.”
The Investor Profile determines an investor’s personality through a 28 question easy to take quiz. Each investor receives a primary and secondary personality type that will help identify their overall profile.
The result combines two of the following four trading personality types:
- Aggressive – Quick to enter a trade, but may exit quickly when a loss appears
- Intuitive – Relies on emotional intuition to get in and out of trades
- Analytical – Analyzes every possible variable before taking action
- Methodical – Likely to trade on a system, not much regard to gains and losses
“There’s no such thing as a ‘bad profile’ for an investor,” said Shawn Lucas, CEO/Founder of Apiary Fund. “The Investor Profile simply identifies characteristics that each person should know about themselves before they invest. After the assessment the investor can see traits they may need to adjust and how they might respond to market changes.”
After getting the results of the Investor Profile, participants have the option to obtain the Investor Profile eBook by Apiary Fund’s CEO, Shawn Lucas. The eBook goes into more depth about each of the 16 possible profile personality types.