The crash test
Everyone's a risk-taker while prices are rising. This test flips the question. You get a price path with no year attached and decide, month by month, what to do. It's not about being right, it's about seeing how it feels.
These paths are simplified reconstructions of real historical periods, not exact price series. They show the scale and timing, not the price of any specific security.
Die Erklärung dazu steht in der Lektion How much loss can you actually take.
Frequently asked questions
What's the difference between risk capacity and risk tolerance?
Capacity is objective and depends on income, wealth, and time. Tolerance is emotional resilience. The lower value governs.
Why is a risk questionnaire unreliable during good market times?
Because stated tolerance is strongly influenced by recent market performance.
Related
- How much loss can you actually takeStage −1
- Bull market, bear market, crash, bubbleStage 0
- FOMOStage 2