On a recent family outing to Nashoba Valley Snow Tubing Park, I was presented with an unexpected opportunity to deepen my understanding of my own risk tolerance. I also came away with some new insights into just what a slippery concept “risk tolerance” is — whether in the context of sliding down a steep slope on a tube or designing a portfolio for a client. Here’s what went down and why it matters to your money.
First, some background:
This was the 2nd Annual Family Snow Tubing Day, because everyone had so much fun last year. I, for one, had …Read More