7h • General discussion
Risk Tolerance
When it comes to your money, how much risk can you tolerate?
🔴Are you someone who likes to put your money in super high risk stocks, were you can lost a LOT if the market crashes?
🟢Or do you prefer to have so much protection, that your money is locked into a CD (certificate of deposit with the banks) where it is guaranteed at a lower, fixed interest rate for a guaranteed amount of time?
🟡Or do you fall somewhere in between those two extremes?
Keep in mind your risk tolerance can change over time. It is good to reassess at different stages in your life to make sure you and your finances are well aligned.
Once you are able to answer these questions, and have a good understanding of where you fall along a Risk Tolerance timeline, you are then able to choose the right types of accounts to grow your money. We can help you choose the account that best matches your risk preference. Want more education on these types of accounts? Just ask! We offer free financial assessments.
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Risk Tolerance
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