Managing your investment risks

Risk and investing are two sides of the same coin. You can’t avoid risk if you want the potential rewards of investing.

However, you can control the amount of risk you take and that begins with knowing your tolerance for risk.

Watch your risk tolerance or you’ll step out of your comfort zone and into a pile of trouble.

If you’ve ever been involved in any type of personal or professional growth counseling, you are probably familiar with the phrase “stepping outside your comfort zone.”

This is when you are encouraged to take a risk and try something that might seem challenging either emotionally or professionally.

Know Your Limits

While some risk-taking may lead to personal or professional growth (or not), it can be disaster in the market if you don’t know where your limits are.

Investing is all about taking risks; however, you know the risks are calculated relative…

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