Risk Tolerance: What’s Your Style?
Learn about what risk tolerance really means in this helpful and insightful video.
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The brain is a powerful thing, but when it comes to preparing for something that is far in the distance like retirement, it can easily be led astray — and result in some big retirement planning mistakes.
Without even realizing it, most people are familiar with protection-first thinking. If you remember travelling on an airplane in a not too distant past, you would recall this important point in the safety demonstrations “In the event of sudden decompression, secure your own oxygen mask before helping others.”
Understanding the cycle of investing may help you avoid easy pitfalls.