Taking Risks

Question 1

Assess

Answer 1

To assess (V.): to make a judgement or a decision based on information.
Assets: the money you own/saved/investments

This is exactly the thing that financial advisors want to assess when You come to them … .
… using these associations to help develop better assessments of who’s likely to take risks Vs. not.

Question 2

Averse

Answer 2

If You are averse to sth, you are against it, You don’t like it.

Some people are quite risk averse.

Question 3

Tolerant

Answer 3

If You are tolerant of sth, you accept it, you don’t mind it, it’s not a problem for You.

… whereas other are fairly risk tolerant … .

Question 4

Seek

Answer 4

If You seek sth, you actually look for it, You try to find it.

… & in some cases even risk seeking so, they seek out decisions that have aspect of risk to them.

When was the first driverless car demonstrated on a public road?
1920’s.
What’s the most dangerous thing You’ve ever chosen to do?
Mmm, I’ve done many risky things but probably the most risky thing is bungee jumping in New Zealand.

Question 5

Put Away

Answer 5

To put your money way means “save your money”, put it somewhere where you can’t spend it & where it can grow.

I want to put my money away for retirement.

Oh, You’de never catch me doing that.
Before we drive off into the sunset,
Three words describing different attitudes to risk:
1-Risk-averse
2-Risk-tolerant,
3-Risk-seeking.
Exactly the aspect of Your personality that they want to know is, what’s your tolerance for taking risks.

Question 6

Retirement

Answer 6

Retirement, the time of life when you are too old to work or You have enough money that you don’t need to work anymore.

Are You looking forward to your retirement, Rob?
Cheeky, I’m neither old enough nor rich enough to think about that.