How to determine your risk profile?
Roobee beginners will have the opportunity to define their risk profile.
For example, many people don’t know which assets they want to invest in and don’t want to spend time researching detailed information about certain assets.
The Roobee platform will be equipped with a RoobeeFin investment mode. As mentioned earlier, it will be an auto-assistant tool that will help beginners to build a balanced portfolio based on their needs, psychological testing, risk profiling, etc.
The last point is what we are going to discuss in today’s post.
Risk profile determining on the Roobee platform will help to specify how ready the user is for risks in investments.
For example, if a person is risky, more risky instruments will be suggested. If conservative, the portfolio will include more stable tools with transparent statistics for each.
Roobee platform will reveal user’s the risk profile with only 10 questions.
Let’s look at how it will be implemented. For the test, we have created a new account which we will use as an example.
Now, here are some examples of the questions: first, fifth and tenth.
Question 1: The first thing will be to identify which type of investments the user prefers. For example, whether the user is interested in the recommended investment instruments, or whether he wants to trade independently without any advice, or maybe he is interested in both independent trading and recommendations.
Question 5: Here you will need to specify your education background. There will be several options to choose from. For example, associate degree, bachelor’s degree, master’s degree or doctoral degree.
Question 10: For the final question, the platform will ask the user to indicate which investment products he used last year. There will also be a number of answer choices.
After the user answers these 10 questions, the platform will assign him a risk profile. For example, as shown in the screenshot, the platform has assigned our account, which we used for this test, the “aggressive” status.
As the result, the platform will build a relevant portfolio based on the user’s risk profile.
In the upcoming publications, we will show you the portfolio which was built and the instruments it comprised.
It is important to note that the platform is still in the development stage and these questions may be changed. The demonstration of risk profiling was done with the help of the Roobee Private MVP.
