Belmont Financial Group Scholarship Program

Central, Hong Kong, October 19, 2015 (Newswire.com) - Students between the ages of 16 and 22 applied for the Belmont scholarships by taking an investor personality quiz, based on the Know Your Client rule governing financial advisors, and then submitting an essay explaining what they learned about their inner financial selves. The 10 scholarship winners will each be heading back to class this autumn owing USD$2,000 less in tuition costs.

Students across Hong Kong took the insightful quiz, and approximately 60 per cent showed risk-tolerant personalities (30 per cent of those fell into the "Strategist" category, 18 per cent into the "Thrill Seeker/Strategist" category and 12 per cent into the "Thrill Seeker" category). Thirty-three per cent had risk-neutral personality scores while only seven per cent were profiled as risk-averse. Overall, female respondents tended to have more cautious and analytical investment styles than male respondents.  

Looking at my strengths gives me the confidence to keep moving forward. I now get a distinct thrill from the world of investing

Winston Chu, 18, Scholarship Winner

"The Online Investor Personality Quiz has highlighted to me that I need to be a more responsible and knowledgeable investor," writes one winner, 22-year-old Elsie Yeung, from Kowloon City. "After researching and informing myself more about my investments, I have learned that perhaps diversifying my portfolio more would be a smart and logical next step. I would like to thank Belmont for this fantastic opportunity."

Twenty-year-old winner Josephine Koo, hailing from Wan Chai, writes: "Successful investors I have learned are willing to take risks. However, they approach financial opportunities critically by relying on research and reliable financial advice."

"Looking at my strengths gives me the confidence to keep moving forward. I now get a distinct thrill from the world of investing," says 18-year-old Winston Chu from Central.

The BSP is designed to help young adults as they move into their earning-and saving-years by helping them understand investing concepts and their own investment personalities.

"This Program provides a useful snapshot of young adults and their attitudes towards saving, investing and risk," says Ethan Jones, Senior Portfolio Manager at Belmont Financial Group (Hong Kong). "Despite the prevailing view that millennials are cautious investors, our young people are demonstrating an increasing amount of self-awareness and self-confidence in their investment personalities."