April 27, 2015 | By fischer |
Getting over big losses is tough, but it’s important to take risks to achieve long-term gains.
Ted Fischer was quoted in a recent article in US News by Joanne Cleaver discussing how “Risk doesn’t have to be a four-letter word.”
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.”
To read more about how to embrace healthy risk in investing see the full article here:
To get a better understanding of your risk preferences or talk to us about what risk means to you take our free risk assessment or reach out to Ted!