RISK – it’s such a scary word, especially right now.
We’d all like to remove risk, right? Nobody wants to think of their investments – their “nest egg”, whether they be in stocks, bonds, gold, real estate or fine art, ever going to $ZERO.
But we live with those fears everyday – some days more than others.
Wouldn’t it be fantastic to invest a dollar and know that you are GUARANTEED to not only to get your original dollar back, but also get a monster return of 12% interest with no chance of loss what so ever?
Of course there’s no such investment – no matter how large or small the rate of return is, because you can never remove RISK. Remember even CASH has a risk, as inflation eats away at your purchasing power on a daily basis.
A good friend of mine who audits banks for a living often reminds me, “You can never REMOVE risk, you can only MANAGE it.”
So since you can’t remove risk, how can you manage risk? Read on… Continue reading “How to remove *RISK* from your portfolio”