PBA Tip of the Day brought to you by Doug DeMuth with Edward Jones (623) 551-0523.
What is an important rule to take into consideration when investing? Doug has the answer!
Understand risk:
As a rule, the higher the return potential, the more risk you’ll have to accept. To determine what makes sense for you, your financial advisor will want to know:
What is your comfort level with risk? Understanding this can help him or her determine how you may react to market ups and downs over time.
How much risk are you able to take? The amount of time you have to invest plays an important role in determining how much risk you’re able to take.
How much risk do you need to take? Your financial advisor will want to determine the return, and therefore the risk, that may be necessary to reach your long-term goals. For more useful tips, give Doug a call today!
