What your broker doesn't want you to know
Links
Straightforward article on indexing out-performing active for mutual funds in the Journal of Financial Planning

Risk Questionnaires
Here are some links to risk questionnaires. Unfortunately, they don’t always include instructions on how to score and interpret them, but the nature of the questions might be helpful.

MSN offers a short and simple list of twenty questions. It’s pretty basic, but it can be helpful nonetheless. 

Here’s a categorization of different levels of risk tolerance from a firm selling questionnaires. I’m not endorsing their products, but the list can be helpful.

Vanguard offers a questionnaire on assessing your own level of risk tolerance.

Here’s a very basic risk tolerance assessment with a specific recommendation for how much risk you can take.