Had a super educational event yesterday! Ted Pearlman invited me to provide the Type perspective during a presentation by Larry Swedroe about investment to the many freelancers and entrepreneurs at studiomates

Here's what I learned about investing:

  • Never buy variable annuities 
  • Investing in the stock market is never safe
  • Only work with registered advisors who provide a fiduciary standard of care
  • Ask them what advice they gave 10 years ago, and if they invest in the same funds they're trying to sell you
  • Make a will and get a durable power of attorney
  • Be clear on what money represents to you and your family (this is where working with a Type coach comes in handy!)
  • Buy when others are fearful, sell when others are greedy
  • Make a plan and stick with it - no need to pay attention to indices or forecasts
  • Review the plan when underlying assumptions change

In the end, we didn't have time to present on how Type influences risk-taking or decision-making. But you know what? That's ok, because I got to spend a whole week with a group of smart creatives in their space, talking Type 1:1 with some of them. Plus, I prepared some quick&dirty handouts available on Ted's blog. 

I love sharing how Type awareness really has a lot to offer to everyone who is open to learning more about themselves, and the studiomates were great participants. The process of finding your core preferences may be challenging, because really, when was the last time someone asked you how you communicate, which roles you are naturally drawn to, or whether you tend to focus on outcome or process? Thankfully, the consensus was that the effort of self-analysis is worth it in the end, because the knowledge you gain opens you up to a new way of looking at - everything. 

Resources:

Books by investment expert, Larry Swedroe

Books by my Type Guru, Linda Berens, Ph.D. 

Image by Tax Credit, Creative Commons, flickr

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