Do you think it’s possible that we could see another financial crisis in your lifetime? When we ask prospective clients this question, most of them answer with “yes.” Do you know how much your portfolio would be down in the event of another 2008? If you aren’t sure, shouldn’t you be?In today’s episode, we’re going to talk about a disconnect that we commonly see in the financial landscape- what many think their risk tolerance is versus what it actually is. We believe that it is absolutely crucial for investors to understand the potential gains and losses of their investment choices. Let’s chat about why understanding risk tolerance is so important for making informed investment choices… Here’s some of what we discuss in this episode:The common discrepancy between perceived and actual risk toleranceVague risk assessments used by many advisors + why clear definitions are essential for effective planningIt’s not unusual for investors to be taking twice as much risk as they comfortable with Risk tolerance tends to change significantly the closer you get to retirement, which requires different investment strategiesKey Takeaway“What people think they have in terms of the amount of downside risk they're taking, and the amount of downside risk they are actually taking is usually a huge disconnect.” We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/Phone: 205.988.0006Schedule a Call: https://askfreedomfinancial.com/contact/?utm_source=HeroAttend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Ver todos los episodios