April 27, 2015 | By fischer |
Getting over big losses is tough, but it’s important to take risks to achieve long-term gains.
He talks about how he frequently has clients “has clients create “buckets” for risk: short-term savings with low risk (as for a house down payment); longer-term savings for growth; and longer-term savings with less risk. “If you show clients that the short-term bucket didn’t see much loss because they were in low-risk [investments], then people feel confident that they will hit their short-term goals, while still having risk runway to achieve their long-term goals,” he says.”
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