When a crisis hits, do you stay calm and collected, or do you launch yourself down a rabbit hole of worry and worst-case scenarios?
When the stock market spirals downward, do you shrug and stay the course, or do warning bells explode in your brain?
When news of the pandemic hit, was your first instinct to form a calm and reasoned action plan, or rush to the store to buy months of supplies?
Your personality influences your reactions to these scenarios.
Personality traits influence our thoughts, feelings and responses, which affects how we manage our money and investments.
What personality traits are we talking about?
The Big 5 Personality Traits are conscientiousness, agreeableness, introversion/extraversion, openness, and emotional stability.
Once we understand how the Big Five personality traits influence us, we can make better-informed, less harmful financial decisions.