Think you’re a genius? Take this online test to find out but don’t invest based on high IQ

Think you’re a genius?  Find out with a short, psychometrically valid IQ test.  But don’t invest based on a high IQ (yours or anyone else’s).

MENSA, the organization whose membership is limited to those who test in the top 2% of IQ’s, had (and may still have) an investment club with shockingly bad results.

From Eleanor Laise’s article “If We’re So Smart, Why Aren’t We Rich?, Dow Jones Newswire, May 15, 2001:

“The club’s recent record has been nothing short of a fiasco, thanks to an overweighting in trendy tech stocks and pitifully bad timing… all told, the club saw the value of its assets fall by more than 40 percent over the past 12 months. One member said ‘we can screw up faster than anyone else’; another, a member since the mid-1960s, describes its investing strategy as ‘buy low, sell lower…’  From 1986-2001, the club’s investments returned an average of 2.5 percent a year (versus, for example, the S&P 500’s 15.3 percent).”

Ouch.

And let’s not forget the Nobel Laureate rocket scientists who brought the entire U.S. financial system to the brink of collapse via the hedge fund, Long Term Capital Management.

“For the foolishness of God is wiser than man’s wisdom, and the weakness of God is stronger than man’s strength.”

1 Corinthians 1:25

“May I never boast except in the cross of our Lord Jesus Christ, through which the world has been crucified to me, and I to the world”

Galatians 6:14

Posted via email from Frisco Financial Planning LLC