Dec 17
Why is it important to know your risk tolerance level?
photo by mckaysavage
It is true.
“When people win, they like risk. When they lose they hate it.”
- Olivia Mellan, Investment Advisor Magazine
It is easy for an investor to set his or her risk tolerance high when things are going well, but when things aren’t going very well, it is another story.
As an investor, it is important to ask yourself, “Will I be okay if my account drops 10, 20, or even 50 percent?” This will help you determine your investment risk tolerance level.
When you set your risk tolerance level properly, you will be happy when your account is doing well, and will be able to sleep at night when it is not doing so well.
At Paragon Wealth Management, we have created a risk tolerance survey to help investors determine how much risk they can tolerate. This survey determines how conservative or how aggressive you need to be invested. Click on the link below to determine your risk tolerance.
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