What’s Your Risk Number?
Risk is different for every person based on their unique situation, stage of life, and personality. In light of where the market sits today (DOW 30,000+ as of 01/19/2021) many of my current and prospective clients are reassessing how comfortable they are with market risk, especially as they draw closer to retirement. They often ask themselves if they are willing to take on as much risk as they were 10 or 20 years ago or if their portfolio accurately reflects their risk tolerance. It is critical to understand your personal risk preference so that you can ensure that your portfolio and risk number align.
The first step is to determine your unique risk number. The link below will open up a risk assessment quiz powered by Riskalyze. Riskalyze is a patented Risk Number® technology that objectively calculates an investor’s actual risk tolerance utilizing a scientific framework that won the Nobel Prize in Economics. This tool allows us to understand your unique and individual risk preferences and meet your expectations with a 95% mathematical confidence. Check out our online risk assessment tool to discover your risk number.
Once you know your unique risk number, it’s time to make sure your portfolio reflects your risk level. Together we can compare your Risk Score to your current overall allocations. Take the first step and call 617-523-5656 or schedule a complimentary phone call using our online calendar.