PREVIOUS : MM – Archetypes (#5)

SITE :  Sacred Money Archetypes® Quiz

 

✥ INVESTOR
These are the strategists of the financial world – always thinking about how to grow their wealth. Investors understand their financial situation very well & love to make their money work for them. They’re willing to take calculated risks for the potential of higher returns,  continuing to stay informed about market trends.

The Anxious ones, extremely common among affluent investors, they love risk, believe they have the edge over others. They trade frequently, from an action-bias, which is the tendency to want to do things instead of waiting.  Despite their over-confidence, they are prone to be beaten by the markets & frequent trades mean they often rack up high levels of charges.

Evensky, chairman of Evensky & Katz, says that hobby or day traders typically exhibit an extreme level of overconfidence, who often buy high & sell low, being more comfortable with risk when things are good, & remove risk when times feel bad

But generally they tend to get things wrong,  underperforming the buy-&-hold investor by 1.5 – 2 % a year. And many have absolutely no idea what their returns actually were & only remember their good decisions.
A 2011 study at theU of CA found “most traders underperform standard investment benchmarks because of going by instinctively rather than strategically, repeating past behaviors that gave pleasure while avoiding any that had caused pain”.

Advice : Have a plan, use stop losses, have rules on when & how to rebalance your portfolio. Use some of your saved money to pay a financial planner to help structure your long-term financial goals.

✥ WARRIOR
The Warrior sets out to conquer the money world & is generally considered as successful in the business & financial worlds. They’re re in control, focused, decisive, & skilled adept investors. Although Warriors will listen to advisors, they make their own decisions, relying on their instincts & resources to guide them.

The world is filled with this types, those who run the gamut from enjoying the sport of business & the skillful art of negotiating to those whose single-minded intent is simply to win at any cost.

They can have trouble recognizing the difference between what they consider an adversary vs. a worthy opponent. Worthy opponents are most easily recognized as the person they’re most in conflict with.  See the lesson of Truth this person has to teach,  even indirectly as conflict, their presence is worthy of our attention.

When they recognize the conflict as an opportunity for growth, the “opponent” has served them.  Taking a step back to put down their ego-sword, they’ll be appreciate the potential for growth & transformation which is being offered in disguise.

✥ TYRANT 
This type hoards money, using it to manipulate both people & finances.  They control people, events, & circumstances – for its own sake – & will abandon others if necessary to gain more power. 

They’re over-developed Warriors, highly invested in their need to dominate. But while Warriors are often heroic in their true concern for others’ welfare, Tyrants are purely self interested. They may have everything they need or desire, but never feel complete, comfortable, or at peace. Their greatest fear is loss of control.

Throughout history, the Tyrant has emerged as the ruler who dominates and destroys with no sign of remorse.
Today Tyrants are the political leaders, businesspeople, or family figureheads who use whatever means necessary to win at all costs.  Since they often represent the most financially successful image we have in our society, many people believe that money is the “root of all evil” *(see #2)

Tyrants are not necessarily as rich as they seem. Yes, they may have everything money can buy (often including beautiful people) & never have to worry about paying the phone bill, they lack many things that money cannot buy.  In spite of their apparent success, they’re often very fearful & rarely feel any sense of fulfillment. The Tyrant suffers from a condition we might call “chronic-not-enoughness.”

NEXT : MM – Gender Differences, #1