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Home Empowerment 4 Ways to better understand risk in your personal finances | The Simple Dollar

4 Ways to better understand risk in your personal finances | The Simple Dollar

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4 Ways to better understand risk in your personal finances | The Simple Dollar
Flickr by InvestmentZen

People have different risk tolerance based on their experience and preferences. It is also dependent on your current life stage. If you are young, then most likely you have higher chances of being more aggressive to investing but for families with children, they would like to have a combination of conservative and high-risk investments as they prepare for education and retirement. Different people value things differently and so it is important to diversify and mitigate these risks with these four simple steps.

Source: https://www.thesimpledollar.com/financial-wellness/4-ways-to-better-understand-risk-in-personal-finances/