Episode 12: What’s Your Risk Number?
Mar 19, 2021
We all know the risks in everyday life — speeding down the highway, climbing a ladder, eating too much junk food. But what about the risks in your portfolio? Your risk tolerance? Risk can impact your financial goals.
Here are just a handful of the things that we'll discuss:
1. Risk is an emotional motivator: We are twice as concerned about avoiding losses than we are about achieving potential gains.
2. Risk vs. Reward: The risk you want and the risk you need and the risk you have can impact your financial goals.
3. Risk in a portfolio can be defined and discovered. Powerful software tools can shed light on your risk profile. That is important to know.
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