{"id":1679,"date":"2017-01-13T17:07:30","date_gmt":"2017-01-13T17:07:30","guid":{"rendered":"http:\/\/www.fpgonline.co.uk\/?p=1679"},"modified":"2023-09-19T11:05:35","modified_gmt":"2023-09-19T11:05:35","slug":"ostrich-or-splasher","status":"publish","type":"post","link":"https:\/\/www.fpgonline.co.uk\/index.php\/ostrich-or-splasher\/","title":{"rendered":"Are You An Ostrich or a Splasher?"},"content":{"rendered":"<p>According to a fascinating feature in the Financial Times this week, each of us fits into one of six financial personality types: these include The Hoarder, The Splasher, The Anxious Investor and The Ostrich\u2026 Which one are you?<\/p>\n<p>In life, no two people are the same, so it is inevitable that we all have different relationships with our personal finances and varying outlooks in terms of saving and investment. But in our experience, the article certainly\u00a0does a good job of pigeon-holing many of the people we come across in our profession.<\/p>\n<p>According to the writer, Naomi Rovnikk; \u201cFinancial psychology is a somewhat overlooked discipline that occupies the space between psychology and behavioural economics.\u201d<\/p>\n<p>After reading the personality type descriptions below, and the full FT article here, you will no doubt also identify the traits of other people you know too, we\u2019ll let you decide if you want to tell them or not next time you see them!<\/p>\n<p><strong>The Anxious Investor\u00a0<\/strong><br \/>\nLovers of risk, anxious investors trade frequently and believe they have the edge over others. Despite their overconfidence, they are prone to be beaten by the markets \u2014 and frequent trades mean they often rack up high levels of charges.<\/p>\n<p><strong>The Hoarder<\/strong><br \/>\nFor hoarders, money represents security. They\u00a0<a href=\"https:\/\/www.ft.com\/content\/b681b8e6-2705-11e6-8b18-91555f2f4fde\">abhor risk\u00a0<\/a>and may even stockpile cash that they would probably be better off investing \u2014 or even spending.<\/p>\n<p><strong>The Social Value Spender<\/strong><br \/>\nDoes shopping make you happy? Do you frequently buy your loved ones presents \u201cjust because\u201d and blow the budget at Christmas and birthdays? You could be a social value spender, which the Money and Mental Health Policy Institute defines as someone who makes purchases (either for themselves or others) to boost their self-esteem.<\/p>\n<p><strong>The Cash Splasher<\/strong><br \/>\nCash splashers view themselves as generous, but they also use money to make others think more highly of them.<\/p>\n<p><strong>The Fitbit Financier<\/strong><br \/>\nYou check your online bank balance and track your spending as often as someone training for an extreme sporting event measures their calorie intake, resting heart rate and sleep quality.<\/p>\n<p><strong>The Ostrich<\/strong><br \/>\nSomeone who would rather bury their head in the sand than organise their finances. Piles of post lie unopened on the doormat, and they seldom open their bank statements.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/5e8da24c-bb09-11e6-8b45-b8b81dd5d080?segmentId=3244cfff-ec81-8192-274e-ba1d3f036ca0\"><strong>The full article can he read here\u00a0<\/strong><\/a><\/p>\n<p>Here at The Financial Planning Group we are experienced with providing structure, reviewable investment strategies for Ostriches, Cash Splashers and everyone in between \u2013 our\u00a0aim is to change the fundamental relationship people have with their money, and to give them confidence and clarity in their own future.<\/p>\n<p><strong>If you would like to arrange an investment consultation,\u00a0please call Tim Norris or Alan Clifton on 0800 731 7614 and we would be delighted to arrange a meeting at our offices in the heart of Teddington<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a fascinating feature in the Financial Times this week, each of us fits into one of six financial personality types: these include The Hoarder, The Splasher, The Anxious Investor and The Ostrich\u2026 Which one are you? In life, no two people are the same, so it is inevitable that we all have different [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1679","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are You An Ostrich or a Splasher? - The Financial Planning Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fpgonline.co.uk\/index.php\/ostrich-or-splasher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are You An Ostrich or a Splasher? - The Financial Planning Group\" \/>\n<meta property=\"og:description\" content=\"According to a fascinating feature in the Financial Times this week, each of us fits into one of six financial personality types: these include The Hoarder, The Splasher, The Anxious Investor and The Ostrich\u2026 Which one are you? 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