Risk: what's your appetite?

Risk is different for everyone, for some it’s a walk down an alley at night – for others a plane flight. When we think about risk in investing or wealth creation for some it’s the share market and for others it’s property, and for some generations it is putting money in the bank!

We know, from the moment we took our first steps, that risk can also bring rewards so most of us learn to be a little comfortable with risk, but how can you manage risk & benefit from some of the rewards.

The first step is probably understanding your comfort level, financial planners in their process put clients through an extensive risk profiling and surprisingly most of us profile as being far more risk adverse than we might think we are.

If we’re talking about risk in investing, we can mitigate by using some simple techniques:

  • Educate yourself, there are many professionals willing to share their knowledge & help you get a start

  • There are professionals who’s job is to look for better opportunities for you, leverage off of their skills and trainin