You change your advisor or advisory platform?- This could be the reason
Half hearted approach never help fulfill.
1-What is your age?
2-What is your Income range?
3-How many dependents do you have?
4-What is the up and down range you are OK with, in your investments?
5-Is this investment for long term? or, How many years is your holding period with this investment?
Do many risk profiles are judged this way and most advisors and/or advisory platforms have similar kind 3-7 questions to understand investors 'risk profile', which is half hartead and will most likely do more harm then good.
Test if I am right or wrong?
if you are more than 5 year investor, check this and your responses will define if I am right?
1- Have you ever withdrawn investments for some emergency?
2- Have you redeemed investments for life needs?
3- After investing did you find yourself disturbed and you kept checking your investments regularly, or even lost sleep someday?
4- Because of this, have you changed or considering to change your advisor or advisory platform?
If your response to even one is YES, then risk profiler questions or reports are not working and it is because it is not capturing reality and is made half hearted to just take investments.
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