Investment Policy: Types of Individuals Which one of the following is TRUE? Hint: Situational, psychological, and personality typing is discussed on slides 26-33. Young people le.s. ages 21-5 years old) tend to have much MORE of their assets in RISKY financial assets versus older people eg., 61-5 years old) because they have more time to make up for losses A spontaneous investor has MORE aversion to risk and often decides on investments using his or her FEELINGS Individual investors in equity funds tend to OUTperform the S&P 500, which implies that they do NOT have decision-making biases O A person's life stage can change due to various factors and impact how one should invest a portfolio