Financial Risk is like driving a motorcycle or a car. If you speed down the highway on a motorcycle without a helmet, your risk of an accident is increases. If you ride the same motorcycle at lower speeds and wear a helmet, you reduce your risk but incur more risk than driving a car. However, travel by both motorcycle and car carry some risk; up to 100 years ago, Americans routinely were killed in horse accidents. If you never leave your home, you eliminate transportation risk but you’re now completely immobile!
Risk takes many forms in the complex financial world …Read More