Mastering Your Investment Strategy: Risk Tolerance and Return Expectations
The relationship between risk and return is fundamental when it comes to investing. As Dustin with Mundorf Wealth Management explains to Erin Kennedy, higher returns often come with higher risk, and lower risk often means lower potential returns.
Understanding that relationship and having a clear set of expectations when it comes to market volatility (specifically, what you can you tolerate in the short-term) will help you be a better investor. When you have a plan that is in line with your risk tolerance, you are more likely to stick to that plan instead of reacting emotionally to market ups and downs.
If you'd like to speak with Dustin to determine how you should be invested, just text or call the number on the website, or book a free chat by visiting www.LongLiveMyMoney.com
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