038 - How To Understand And Navigate Different Types Of Investing Risk

Risk holds many people back from investing because it causes a lot of fear, but most risk can be mitigated by doing a few specific things. Having a strategy in place to pick the right stocks, setting asset allocation rules and ensuring proper diversification are a big part of risk mitigation. But another important component is keeping your emotions in check. And one of the easiest ways to remove emotional reactivity is to have an emergency fund set up. That one thing alone negates the need to pull money out of the market at the wrong time and all the stress that comes with taking losses.We talk about many stocks in this episode, but not all of them are good buys right now. The ones we mentioned that areEXAIDOGGAny Utilities we discussed in Episode 33Drop your comments or questions for this episode on one of our posts. FacebookYouTubeInstagramTwitter/XTikTokBlog If you're looking for a more detailed summary of this episode, click here.   Questions? Email Tim at [email protected] Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list. Stay connected. Follow us on social! **DISCLAIMER**Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here. Episode music was created using Loudly.