Latest / Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
Ep 77: How Risky of an Investor Are You? (And How Do You Really Know?)
What type of investor are you? Are you conservative, moderate, or aggressive?
These qualitative descriptors are how most think of risk. But what is conservative to you may not be conservative to another. Rather than using non-measurable descriptions of risk, your customized retirement plan needs to be the foundation to objectively measure risk. Then and only then can the three types of risk -- required return, risk capacity, and risk tolerance -- be accurately evaluated and aligned.
Why is this important? Take too little risk and it can be a conservative way to go broke. Take too much and you…
The skinny
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