No Pricks Allowed
Your Cactus Doesn’t Know The Stove is Hot Without Touching It (Ep. 7)
There is a big difference between knowing something and experiencing something. You believe they can handle a riskier investment, yet your anxiety says otherwise.
Your investment risk level is not a 6% return or a 12% return. It is can you invest for a long time? Can you handle your emotions? Is your job stable? Is your life stable? You being able to not make a change when the market is panicking is only one thing that determines your risk levels
This week, Aaron Buchner shares a personal and somewhat humorous story about the risks he’s taken, from injuring himself in a soccer game after an 18-year hiatus to insights about risk tolerance and capacity in financial planning. He dives deep into understanding and managing risk to ensure you’re prepared for life’s unexpected turns.
Aaron discusses:
- Personal Risk Experiences: Aaron’s return to soccer and the physical risks involved
- Risk Tolerance: The mental ability to withstand market drops and the difference between theoretical and actual risk
- Risk Capacity: Financial ability to handle risk, considering income, debt, and lifestyle
- Investment Strategies: Diversifying investments and adjusting risk levels based on different accounts and personal circumstances
- And more!
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