What age are you risk attitude varies with age this

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What age are you? Risk Attitude varies with age.
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This diagram explains that longer term and high risk investment options may be more acceptable to someone in their thirties whereas people approaching their old age and retirement tend to invest money in lower-risk products. What are your personal circumstances? You're going to be more careful with your investments and savings if you're a parent with financially dependent children. An individual with no dependents is more likely to choose low risk and short term investment options. Do you have other investments? If you have a number of other investments and feel secure that your future financial requirements will be fulfilled most probably then you'll be willing to take higher risks in your future investments. If it's your first investment then your risk attitude might be more conservative. What's your risk profile? How do you feel about investment risks? Not everyone can handle the ups and downs of the stock market therefore if the amount of investment keeps you awake at night and affects your mental health a lot then you should settle for a lower risk investment.
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How much flexibility do you need? When the money is invested, it's stuck in one place and is no longer easily available for use. If you have a sudden need for cash how quickly and easily can you liquidate your asset? You'll have a better idea of the kind of risk you'd prefer to take and the type of investment plan that suits you. Financial advisors tend to recommend having a series of investments and portfolios so if one investment plan fails so you still have other options to fall back on. Tax status is another important thing to keep in mind. It is recommended to review your portfolio annually and regularly after making several investments. Circumstances could vary so it's best to keep a check of best investment plan for you.
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