How Risk Averse Are You? Here Are the Best Ways to Find Out?

All of the recent hype surrounding Gamestop, cryptocurrency, non-fungible tokens (NFTs), and meme stocks made me questionis anyone risk-averse anymore?

Does anyone value consistent returns over the 50/50 gamble to win big or lose it all? Of course, I know the answer is “yes.” There are over $4 trillion in passive funds right now, which means there are a ton of people employing a long-term investment strategy.

But still, it feels like everyone is gambling with their hard-earned income like it’s their first time in Vegas. And it’s partially true.

While many people are investing in index funds and other traditional investments, Dogecoin (crypto that started as a meme… yes, a meme) has a market cap of nearly $50 billion!

Ford doesn’t even have a $50 billion market cap.

As I felt in a hint of FOMO surrounding all of these fast-growing investments, it felt like a good time to reexamine why I’m passing on these types of investments in the first place – because of the risk they carry.


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