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3 Comments
Understanding your personal risk tolerance is huge! If an investment makes you lose sleep at night, something is wrong. Great advice!
Kate @ Cashville Skyline recently posted…Digit Review: How I’ve Effortlessly Saved $837.49
Getting help from a professional is really advantage. I started investing with the help of my financial adviser. I was lucky because she was really good. For those new, look for the right candidate who goes extra mile to help you reach your financial goals more easily.
Jayson @ Monster Piggy Bank recently posted…Why Having a Great Accountant is Critical When Running a Business
I am a DIY investor and manage my asset allocation and periodic portfolio re-balancing as required.
Item 3 – appetite for risk – this is something very crucial – anyone can lose 30% on a piece of paper or an Excel spreadsheet and say that they are an aggressive investor. One thing I have learned is appetite for risk is something that comes with investment experience. This is something that you have to learn about yourself.