Ep 67: Are You A Risk Taker? How To See If Your Tolerance for Risk Matches Your Plan

Do you like to take risks? Or would you rather play it safe and steady? When it comes to the market risk can come with great reward, but it can also be damaging if our risk tolerance is out of balance with our plan. Most people don’t realize how much risk they are taking on and have a much lower tolerance than their portfolio reflects. 

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The Game Plan

When the markets are going up everyone feels good and when it goes down a lot of people panic. Why is this? Very often a client’s tolerance for risk doesn’t match their investments. If you’re having a hard time sleeping because you’re stressed about the market, that’s a good sign you need to take on less risk.  

On today’s episode, we’ll break down how risk plays into your retirement plan and what we need to do if it’s out of balance with your needs.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[0:50]Do you take risk?

[2:32] – Does your tolerance match your portfolio?

[4:00] – What should you do?

[5:03] – Ask your self how you’re going to feel

[6:07] – Why do you think we are set up this way?

[7:12] – You might not be de-risking as much as you think

[8:32] – What options do we have?

[10:40] – What’s the first step?

 

“They don’t think about how much risk they’re taking because they’re young… I think they do a set it and forget it type thing.”

 

– Dale Tondryk

More To Explore

Ep 80: Best Intentions, Bad Advice

You likely seek financial advice from lots of different sources. And some of those sources will certainly have good intentions, but they’ll often give bad

Ep 79: The Desire to Retire

People have different feelings when it comes to their desire to retire. We broke this concept down into five sections that we will explore today.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com