Personality goes a long way…to becoming a better investor

Oct 08, 2019

When it comes to investing the dominant line of thought is that most people are cool, rational investors, and markets move accordingly.

In the real world, we all have our own underlying motivations and fears, and we tend to make irrational decisions that reflect our own personalities, emotions, and biases.

The Enneagram assessments holds that there are broadly 9 differently personality types.

Most often the folks interested in our programs are the types 3 (achiever), 5 (analyser or thinker), and 7 (adventurer/enthusiast).

Type 3, ACHIEVER – achievers fear being worthless and like to feel valued, and as such they’re driven to go on and achieve bigger and better things.

Highly motivated and keen to take action, but may be prone to impatience.

Type 5, THINKER/ANALYSER – may have an underling insecurity about money, and having a desire to feel competent tend to seek more knowledge.

Tend to be introverted, but prone to over-thinking or analysing situations, and sometimes reluctant to seek advice.

Type 7, ADVENTURER/ENTHUSIAST – fear pain or being deprived, and are motivated by freedom from the shackles of being told what to do.

With a basic desire to feel satisfied, type 7s are more optimistic, spontaneous, and extroverted.

Type 7s needs to be wary of spreading themselves too thin and thus becoming ineffective; should also be cautious about being panicked into taking action instead of taking a calm and more rational approach.

Of course we don’t all fit snugly into one personality type, but once you have an understanding of who you are then we have an investment map that you can follow to make you a better investor.

I discussed this a little further in the short video here

Whenever you’re ready… here are 4 ways we can help you manage your own money and go next level wealth:

  1. Boom or Bust in 2021 – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan for 2021 - book in here

  1. Subscribe to our Top 100 Podcast for Investors

 Listen in to our new podcast - The Low Rates High Returns Show - Apple Spotify , SoundCloud

  1. Join our Implementation Program

We’re putting together a new coaching case study group this month for private investors. If you’d like to get the plan, tools and timeless principles for managing your money and creating next level wealth … just send an email to [email protected] with the word “Case Study” and we'll get you more details.

  1. Work with me privately

If you’d like to work directly with me and Stephen Moriarty directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”… tell me a little about your situation and what you’d like help with, and we’ll get you all the details!