Risk Questionnaire

Risk profile and awareness.

“Investing is the intersection of economics and psychology.” Seth Klarman

This takes a few minutes. Your answers help us understand how you think about risk, so we can help you make better investment decisions together. There are no wrong answers.

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1Which of the following is your primary goal when it comes to your investable assets?

Protect existing investments Grow investments

2What is the best investment you’ve ever made, and why?

3What is the worst investment you’ve ever made, and why?

4What is the number one determinant in your ability to retire comfortably?

Pension(s) & social security How much I save The growth rate on my investments

5Which of the following is most important when determining a portfolio’s long term investment return?

The mix of stocks vs. bonds (asset allocation) The specific stocks or mutual funds one owns One’s ability to time the market and avoid stock market crashes

6True or false: the risk of owning one stock is the same as the risk of owning 1,000 stocks.

True False

7The return of large US stocks over the past 90 years is approximately:

9% 12% 6%

8The return of US corporate bonds over the past 90 years is approximately:

4% 2% 7%

9My expected rate of return over the next 10 to 15 years is:

10True or false: diversification allows an investor to completely avoid bad years like 2008.

True False

11How do you define risk when it comes to your investments?

Price fluctuation (volatility) Loss of principal (losing money) Loss of purchasing power (not keeping pace with inflation)

12When do you expect to begin withdrawing money from your investment accounts?

Immediately 1 to 2 years 3 to 4 years 5 to 7 years 8 to 10 years 11 years or more

If immediately, how much per year?

13How much experience do you have investing in the following?

Investment experience by asset type
Investment	No experience	1-5 years	6-10 years	10+ years
Stocks	Stocks: No experience	Stocks: 1-5 years	Stocks: 6-10 years	Stocks: 10+ years
Bonds	Bonds: No experience	Bonds: 1-5 years	Bonds: 6-10 years	Bonds: 10+ years
Mutual Funds	Mutual Funds: No experience	Mutual Funds: 1-5 years	Mutual Funds: 6-10 years	Mutual Funds: 10+ years
Annuities	Annuities: No experience	Annuities: 1-5 years	Annuities: 6-10 years	Annuities: 10+ years
Real Estate	Real Estate: No experience	Real Estate: 1-5 years	Real Estate: 6-10 years	Real Estate: 10+ years
Limited Partnerships	Limited Partnerships: No experience	Limited Partnerships: 1-5 years	Limited Partnerships: 6-10 years	Limited Partnerships: 10+ years

14Describe a time when you were nervous about your investments.

15Which of the following best describes how you follow your investments?

I watch CNBC daily and track my investments vs. the stock market I review my account statements monthly I review my account statements quarterly I review my account statements 1-2 times per year I never really look at my account statements

16Which of the following do you most agree with?

Managing a portfolio is easy, I just don’t have the time to do it Managing a portfolio is not that hard, the hard part is staying disciplined and unemotional in good times and bad Managing a portfolio is harder than most people think

17What would be most helpful for us to do at times when you’re feeling nervous about the stock market?

18A financial adviser’s job, as it relates to managing money, can best be described as:

Develop, implement, and monitor an investment strategy that gives a client the highest probability of success with the least amount of risk Pick the best stocks, bonds, and mutual funds available Determine the best time to buy or sell investments based on what’s going on in the economy

Risk profile and awareness.

Thank you.