Be Wise: Mastering Risk Management Through Learning and Diversification
from Lifelong L-Earning Hosted by JULIE BONNER
Intuitively, you know money management can have risks. Many experts will explain that diversification is a way of mitigating risk. While that is true, the best tool is always to learn, whether winning or losing. But before you get to the results, do your homework on any investment. In all my years of investing and managing my portfolio, I would read about an investment until I felt comfortable, or I would trade virtually until I felt comfortable. I felt more confident in my choices once I entered the arena with a real investment. You will learn about how time helps you manage risk as well. Since risk is a relative term, you will gain insight that over time, as you learn and experience the world of finances, you will get a sense of what works for you and your circumstances. Just in case you want to watch the video instead, here is a link to it: https://youtu.be/CQNWT9bSVaU
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