2211 Broadway Street
Investments can potentially be excellent way to grow your wealth, but they always come with risks. As a result, risk management is essential to in seeking to protect your financial independence.
Markets fluctuate, but the degree of change varies. Highly volatile investments can reach incredible highs, yielding enormous returns. However, sudden drops in value can send your net worth plummeting. If you have all your eggs in one basket, you may end up with nothing.
Managing risks ensures that one unexpected downturn won't wipe out your savings. The process is complex and requires ongoing assessment, but the outcome is well worth the effort.Risk management identifies the realities of your investments:
For example, you may lose a substantial amount if a particular stock fails, but for many stocks the likelihood of that occurring is low. Weighing your options and diversifying your portfolio can mitigate the fallout of a bad investment.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
The experts at Unland Wealth Solutions help clients evaluate and mitigate financial risk. As a result, you can make wise investments that seek to bolster your financial independence. We work with a large bank and can offer insight into annuities and other fixed-income financial products. Contact us at 800.747.3241 or online to schedule a consultation.