There are five types of investor. Which are you?

The best piece of advice to get started in investing doesn’t come from financial planners, superannuation funds or even stockbrokers. It is widely attributed to ancient Greek philosopher Socrates: Know yourself.

In financial terms, knowing yourself means knowing the level of risk you are comfortable with, understanding the investing biases you are prone to and knowing the kinds of investing traps you might fall into because of that risk profile.