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Risk Management / Long-Term Investments

risk-management

What is your Risk Tolerance? Identifying and analyzing your preferred level of potential loss is essential in Financial Planning. Once you have saved toward any given goal, the idea is to leverage it so that you can gain more. Risk Management involves the trade off – how much you are willing to risk on the downside to potential gain on the upside.

There are several factors that contribute to a Risk Management plan: an individual's age, their goals, time horizon for each goal, priorities, income/debt, and lastly, but sometimes most importantly, their emotional reactions to risk. A good financial planner should be willing and able to take into account all of these factors to establish a risk management plan that suits you best.

As you navigate the concepts surrounding risk management, it is important to recognize that as an investor, financial education is a key aspect. Likewise, maintaining a frame of mind that focuses on long-term investments can help lessen some of the emotional behavioral reactions to investing and the risks associated with investing. This is where a Financial Planning Professional can be critical for establishing a well thought-out and encompassing plan that addresses both your goals and your responses to risk. Contact us today to schedule an appointment and we'll help you develop your Risk Management plan. 

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Thursday, 16 July 2020

Due to renewed State orders for shelter-in-place we will be modifying our office operations. We will be suspending services at our physical office for the public. However, we are available to you via web meeting (zoom), email and telephone (Phone lines have been forwarded to our personal cell phones) during regular business hours. We will be able to fully service all your investment needs with no interruption.

You may drop contribution checks at our office through the mail slot or they may be mailed directly to TD Ameritrade (address listed below). Please be sure to notate your account number on the check.

TD Ameritrade
PO BOX 650567
Dallas, TX 75265-0567

Rest assured that we will continue to monitor your investments and market conditions on an ongoing basis with no interruption. Should you have any questions or concerns please feel free to contact us.

We will navigate this crisis as best we can, coming together and making shared sacrifices. We hope that we can help to slow down the effect of this virus together and solve this swiftly. We also wish everyone well and would like to extend our gratitude for your patience during these trying times. Continue to watch for updates from us.