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Here are some things to think about:
As an investor, you cannot predict the outcome, but you can assess your own investments to determine your personal sensitivity to risk and volatility.
You are at risk of acting against your best interests if:
1) You don’t know how to think of risk.
2) You don’t have a selling discipline.
3) You don’t pay attention to how your investments are doing.
4) You are leveraged (investing on margin or holding leveraged investments, such as leveraged exchange-traded funds).
5) You are concentrated in a particular stock or sector.
6) You are getting ready to retire, and your Social Security and pension added together aren’t enough to cover your needs.
7) Your investment time horizon is short. For example, you expect to make a large purchase within six months to a year.
8) You don’t have a plan.
Knowing yourself goes a long way to making sound investment decisions, especially in uncertain times. When unsettling events unfold, the last thing you want to do is panic, even a bit.
Julie Jason, JD, LLM, a personal money manager (Jackson, Grant of Stamford, Conn.) and award-winning author, welcomes your questions/comments (email@example.com).
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