16 January 2023 gotranscript audio test passed

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Welcome to video three. Today we’re going to revisit our old friend Bertha as nine out of 10. As you may recall, Bertha was in her mid-50s, born in the 50s, and with about 50k to invest, she actually had a few million dollars, but for some reason didn’t want to share all of it with our investment firm which frankly annoyed me. Because last time I checked, only about 1500 of our employees had ever been investigated and only about eight actually convicted. Anyway, Bertha was more or less frugal, but still, she made a big mistake in her portfolio. No, I don’t mean entrusting it to us. Please do try to keep up.

What I mean is she had a couple of kids, one of whom decided for some unfathomable reason to go to college. She couldn’t persuade the little guttersnipe to go to a nice cheap Community College. No, the kid insisted on Oxford or Harvard. So she put all her dough in the stock market per our instructions. Now I asked you Is it our fault? That was March 8, 2020. The night before world news about the COVID outbreak basically tanked every stock market in the free world for months to come. No, it was not. No matter how many disgruntled former employees and whistleblowers claimed in court under oath later. Anyway, we came up with this great new software plan to help our customers evaluate risk in the future.

For example, our program might ask you if you’d prefer a certain 10% gain or a 50, 50 shot at a 30% gain, with the flip side being a 5% loss. I don’t know. Maybe I’d prefer the certain 10% gain, 10% sounds pretty good to me. I’m happy to get 10%. On the other hand, maybe I like to live dangerously. So I’d go for the 50, 50-coin flip. Coin flip, excuse me. The good news is that unlike in most cults or super-restrictive religions, there’s no right or wrong answer. You may decide that being right is better than whatever rites of passage your kid may have to follow in whatever college they choose.

Usually, though, the more conservative you are, the less risk you tolerate. And the more aggressive you are in general, the more you’re willing to gamble with your regrets in the very future. Why not find out for yourself how risk-averse you are by taking our quiz? The hyperlink is below. You can find out your own risk score. It’ll give you a score between zero and 100. If you’re super aggressive and super risky, you might be in the 90s. If you are not so much maybe you’re in the 10s or maybe 20%. Again, there’s no right or wrong answer. Although fair warning. We’ll be sharing your responses with every YouTube scammer we can find.

Speaker 1:
This audio is used for the transcriber test at GoTranscript.

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