Personal Investors

Investor questionnaire—Introduction

Your asset allocation—that is, how you divide your money among stocks, bonds, and short-term reserves—may be the most important factor in determining your portfolio's short- and long-term risks and returns. That's why we recommend that you select specific mutual funds and ETFs (exchange-traded funds) only after you've determined the right asset allocation for you.

The investor questionnaire suggests an asset allocation based on your answers to questions about your investment objectives and experience, time horizon, risk tolerance, and financial situation. As your financial circumstances or goals change, it may be helpful to complete the questionnaire again and reallocate the investments in your portfolio.

Before you begin, please review the questionnaire's assumptions and limitations and accept our terms and conditions of use below.

Consent to electronic delivery & terms and conditions of use

The investor questionnaire is designed to help you decide how to allocate your assets among different asset classes (stocks, bonds, and short-term reserves). You're under no obligation to accept the allocations suggested by this questionnaire.

The allocations provided are based on generally accepted investment principles. There's no guarantee, however, that any particular asset allocation or combination of investments will meet your objectives. All investments involve risks, and fluctuations in the financial markets and other factors may cause the value of your account to decline. You should consider all of your options carefully before investing.

The investor questionnaire is provided to you free of charge. It doesn't provide comprehensive investment or financial advice. Vanguard isn't responsible for reviewing your financial situation or updating the suggestions contained herein.

By selecting Accept below, you agree to the terms outlined on this page.

Duration of election & consent

Your consent applies only to this particular request. If you request additional information, you may be required to consent to electronic delivery again.

Costs & risks

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