Why Knowing Your Risk Matters

What this episode covers

On today’s Intelligent Money Minute, we welcome Aaron Klein the CEO of Riskalyze. During this episode, Aaron explains the importance of knowing your risk, and the multiple types of risks investors may need to consider. At Intelligent Investing, we believe in looking at a clients’ risk in four ways: * Willingness to take on risk (your sleep at night factor as we call it) * Ability to take on risk—how much risk are you able to take based on your balance sheet and income statement. * Need for risk (which comes from the financial plan and your goals and time horizon) * Your portfolio’s risk—We strive to align these risks for our clients in an easy-to-understand risk number that we monitor over time. As Aaron mentioned, we want to transform fearful investors who make bad decisions into fearless investors who make great decisions, and over time improve their financial picture. To learn more about our philosophy, be sure to subscribe to our podcasts so you can stay informed. If you are interested in becoming our next high-net-worth intelligent investor or would like to learn more about our philosophy on risk management, click here . We’d be honored to have a brief confidential call or coffee with you to learn about your needs. Aaron Klein Bio Aaron Klein is co-founder and CEO at Riskalyze, the company that invented the Risk Number® and empowers the world to invest fearlessly. The company is headquartered in Auburn, California, and serves tens of thousands of financial advisors. He is husband to Cacey Steward Klein, dad to Spencer (born in South Korea), and Emma and Teddy (born in Ethiopia). Aaron and Cacey cofounded Hope Takes Root, an initiative to use vocational training and life mentoring to change the future for orphans and at-risk kids in Ethiopia. He also sits on the board of Invest in Others.

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