As an investor, you’ll always need to deal with risk of some kind. But how can you manage the risk that’s been made clear by the recent volatility in the financial markets? The answer to this question may depend on where you are in life.
Let’s look at some different life stages and how you might deal with risk at each of them:
When you’re first starting out … If you’re early in your career, with perhaps four or even five decades to go until you retire, you can likely afford to invest primarily for growth, which also means you’ll be taking ...