How To Gauge Your Risk Appetite? | ET Now
0Your risk appetite is your personal tolerance for the amount of risk you are willing to take when investing your money. It is an important factor to consider when making investment decisions, as it helps you determine the types of investments that are suitable for you. To gauge your appetite for risk, you must consider your financial goals-if your goals are long term in nature, you have enough time to be able to take calculated risks. But if your goals are immediate or short term- you may want to opt for something that will provide you assured returns. Next, gauge your current financial situation- if you have to repay a loan, or owe a debt, you cannot afford to take a lot of risk. Lastly, gauge your personality. If you are someone who can take calculated risk and live with its consequences, then you can opt for an instrument that will give you good risk exposure. No matter what your tolerance for risk is, do not hesitate to consult a financial expert before you invest your money.
Risk appetite is your personal tolerance for the risk you are willing to take
Your financial goals will determine the amount of risk you can afford
Your current financial situation can influence the risk you are willing to take
Can you live with the consequences of the risk you have undertaken?
Always consult a financial expert before investing your money
#riskappetite #investments #etnow
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