In a recent blog we took a look at the big 6 risks which exist when it comes to managing ourselves and our money. We had everything from ostrich risk (sticking our head in the sand!) to longevity risk (living too long!).
This time around we are going to focus on practical tools we can apply to our money and savings, in order to ultimately have a more pleasant investment journey, the growth we expect, and the appropriate outcomes......please keep reading!
As we try do things slightly differently here at Informed Decisions we are going to attempt to explain all this using the metaphor of a plane journey to New York.....chocks away!
Before we fly off into the blue yonder, if you enjoy this blog, all we ask in return is to help us spread the word, share the article with the little icons at the bottom, check out the podcast, and in general just be a huge fan of our little site! We are on a mission to make Investing and Financial Planning here in Ireland a doddle! Be delighted if you checked out our why.
What is Investment Risk?
Some say (indeed the 'Economic Times') that it is the probability or likelihood of occurrence of losses relative to the expected return on any particular investment.
In plain english therefore we can take it as the risk of your investments not doing what you expected or indeed hoped. Comparing it to a flight it's like (I would use the work akin but it sounds horrid pretentious no!?) getting on a flight from Dublin heading for New York to do a huge shopping spree but ending up in Mexico! You expect one thing but get another, and you may not be that happy about it!