Equipping Points:
No one loves losing money. So how do you strike the right balance of investing vs. being overly risk averse? Eric talks through how he guides clients through this dilemma. You might be surprised to find out your investment accounts are riskier than you realized!
Before you get too concerned, know that there are tools and strategies to structure your financial plan in a way that meets both your needs and your values. Understanding what you need to make your plan work is a good place to start. Then see what kind of risk you can handle or is necessary to outpace inflation and provide for your needs. You need to approach this with wisdom and logic and having a financial advisor on your side can help.
Here’s some of what we discuss in this episode:
- What does it mean when someone is risk averse?
- A lot of times you don’t know how risky your portfolio is.
- How do you fix your risk levels financially?
- How do you align your expectations?
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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