Investment Risk – How much risk should I have?
Investing has risk. That is a given. But how much risk should you take on. Are you a throw caution to the wind type who invests which ever way the wind blows? Or are you out to make quick money? Or are you slow and methodical like the tortoise?
Here is a piece of advice I heard that can help you if you are not sure if you are taking too much or too little risk.
Take 100 and subtract your age. The age you are should be invested in low risk and the difference should be in higher risk. While this is simple advice, you need to still make a conscious decision and make sure you invest well. It will be a while before I can use this and I will have to play catch up with retirement funds. I first need to pay off my debt and create an emergency fund. Someday, I will be able to invest…
Just my 2 cents. Jim @ ChangeJarSavings.com
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