Investor Readiness Quiz

Checks whether your money foundations are in place before you invest, how comfortable you are with ups and downs, and which general types of investment are worth learning about for your time frame. It does not recommend any product.

14 short questions about your foundations, your goal and how you feel about risk. This is education, not financial advice, and it does not suggest any product or provider. Private. Your employer never sees your answers. You can stop anytime.

Private: your answers stay on this device and are not saved. You can stop at any time.

Do you have a budget and know roughly where your money goes each month?
Do you have emergency savings you could reach quickly?
Do you have expensive debt such as store cards, personal loans, a maxed-out credit card, or loans from a mashonisa or payday lender?
Would the money you plan to invest be spare after essentials, debt repayments and family commitments?
Are you already saving for retirement (a pension or provident fund at work, or an RA)?
When will you need this money?
Do you have a clear goal for this money (a deposit, a child's studies, retirement, long-term wealth)?
If your R10 000 investment dropped to R8 000 in a bad year, what would you most likely do?
Which sounds most like you?
Do you understand that investments can go down as well as up, and that past growth does not promise future growth?
Do you know what fees you would pay on an investment, and how fees reduce growth?
Do you know how to check that a provider or adviser is authorised by the FSCA?
Do you feel you need to 'win big' quickly to catch up, or are you thinking of investing borrowed money?
Has someone offered you an investment with very high returns, 'no risk', or pay for recruiting others?