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 66: Picking Sides in Important Financial Debates

Financial debates have existed for a long time and when we’re planning we may encounter quite a few. While there are various opinions out there, not everyone’s solution will fit your needs. Each situation is going to depend on your plan and goals.

Ep 65: Are These Retirement Statistics Encouraging or Disturbing?

We’ve gathered some updated retirement statistics from across the country. It’s time to find out if these are encouraging or disturbing findings if they’re reflective of the average client, and what you can do to improve your own retirement preparedness based on this information.

Ep 64: Counting Down the Days Until Retirement

Those days, months, and years leading up to retirement can start to fill with anxiety about what needs to get done. We’ve assembled a list of priorities to keep in mind as you count down the days to retirement.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com