As we look at the economy, we now realize there are more than just bull and bear investors. There are bulls, bears and the bewildered. MetLife states that there are actually 10 types of investors. Here is their list:
- Snoozers – People who don’t think about future risks at all.
- Active Resisters – People who choose to ignore information about future risks.
- Immobilized Worriers – Those who may understand future risks but whose worry prevents them from taking action.
- Oversleepers – Those who may regard that their time to act as “come and gone.”
- Wood Knockers – They choose optimism, and hope things will “work out.”
- Plan B-ers – People who hold on to a contingency plan, but Plan B may be a “plan” in name only.
- Realists – Investors who use past experience to think about the future.
- Stewers and Brewers – Stewers fuss and fret while Brewers play with ideas and planning strategies.
- Compromisers – Those who think about today and tomorrow and balance their current needs against future risks.
- Preemptive Planners – Investors who strive to preempt future risks and their consequences.
Where are you on this list? Don’t be a Snoozer, Brewer or Stewer—or any others of those on the list who are not taking action. Talk to your agent/adviser today and become a Preemptive Planner.