You can’t eliminate all risks from gem investing, but understanding the risks you’ll face and your appetite for them will help you with risk management.
2 Minute Read
When you think of investment vehicles for retirement, what assets do you think about buying? Stocks? Bonds? Mutual funds? The investment assets you think about purchasing probably depend on your age. If you’re younger, then retirement may seem far off and you’re able to invest your money into a more aggressive instrument with the potential to give you a greater return. If you’re closer to retirement, you may want to be more conservative. You may accept that you’ll get a lower return if it means you’ll have money available when you finally choose to retire.
What this boils down to is your appetite for risk. Risk is the probability of realizing an unexpected outcome — good or bad.
You’ll need to consider these three types of risk.
Risk management is managing trade-offs and opportunity costs.
A trade-off is…
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When you think of investment vehicles for retirement, what assets do you think about buying? Stocks? Bonds? Mutual funds? The investment assets you think about purchasing probably depend on your age. If you’re younger, then retirement may seem far off and you’re able to invest your money into a more aggressive instrument with the potential to give you a greater return. If you’re closer to retirement, you may want to be more conservative. You may accept that you’ll get a lower return if it means you’ll have money available when you finally choose to retire.
What this boils down to is your appetite for risk. Risk is the probability of realizing an unexpected outcome — good or bad.
You’ll need to consider these three types of risk.
Risk management is managing trade-offs and opportunity costs.
A trade-off is…
You can’t eliminate all risks from gem investing, but understanding the risks you’ll face and your appetite for them will help you with risk management.
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