E179: Learning Your Risk Profile
How much risk are you willing to take in your investment portfolio? This is one of the most important questions that an investor can ask themselves, but it’s often somewhat overlooked.
Join me on this episode as I take you through a personal experience that helped me to learn and understand what my true risk profile is. I believe this story is going to make things click and set off some light bulb moments for you… and once you have this kind of clarity, it’s going to make it much easier to know which type of investments are going to best serve you.
We don’t want to get involved with investments that are out of alignment and make us worried or add to our stress levels. So jump in and let’s make sure you know what your risk profile is today.
Hit subscribe to join the community and let us know: How did you learn your risk profile?
1. Time is key when you’re turning over product.
2. Ask yourself: How much risk are you comfortable with right now?
3. Think back to when you were dealing with uncertainty in the market and think how it made you feel. Were you someone who was looking to exit ASAP, or did you wait and pause to see what was really going on before making a decision, or maybe nothing phased you at all and you stood your ground. This is going to give you a great idea of what your risk profile is.
4. When we’re able to think about things on a longer term basis, we’re able to have a much more secure investment and higher overall returns in the long run.
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