Should I adjust my portfolio to make it less risky?

The stock market has been very good this year, but I just turned 50.

Asked by Lynn

5 Answers

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Answered by Anita Johnson, Financial Psychologist in Sacramento, CA
Good question, but a hard one to answer. I suggest you speak to an Adviser in person. That would allow he/she to can assist you to make that judgement. | 02.18.14 @ 01:26
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 20:32
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
Your risk should be reflective of your age, your investment horizon and your risk tolerance. There is not one easy formula to determine what your risk should be. Certainly a financial advisor can help. Also "risk" is hard to define. Do you just mean your split between stocks and bonds, or are you talking about using leverage and buying one stock, hoping it will go up? Risk means different things to different people. A great way to look at risk for a generic portfolio is to go to vanguard.com and look at their target date retirement funds. That is a good place to start. | 05.28.14 @ 23:00
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 20:32
Answered by Phillip Christenson, CFA in Plymouth, MN
No one here can tell you this without a lot more information. I thinks it's time for you to either sit down with a fee-only financial advisor or learn more about portfolio allocation and investing and do-it-yourself. Either way get it done.

Phillip | 11.23.15 @ 23:04
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 20:32
One of the complimentary features we have on our website is the ability to determine your Risk Score. It is not arbitrary, but based on questions from real life financial scenarios that you can easily answer. Once you know your score then an adviser can give you better direction. | 02.08.16 @ 22:57
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 20:32
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi Lynn.
The bast way to reduce risk in your portfolio is to know what you are doing.

Age has very little to do with risk. Time and ROI are the main ingredients you need.

Time means when do you need the money-Or from my perspective, how long can you give me to get you the money.

ROI means return on investment. What is your MARR- Minimum Acceptable Rate of Return. We focus on intrinsic value and how much time you need for your investments to reach this intrinsic value.

Focus on:
Where are you financially?
Where you need to be financially?

Every person has a different answer for this. My job is to eliminate the risk and get you to financial independence using the most efficient and cost-effective route.

Fee free to contact me directly to discuss in greater detail.

It's not what you make, It's what you keep that determines your lifestyle.

| 03.29.16 @ 18:23
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 20:32
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Answered by

Alex Bentley
Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA