What’s Your Tolerance for Risk?

When planning for your financial future, it's important to understand the notion of risk tolerance and to assess your own level of risk tolerance. According to Investopedia, risk tolerance is the degree of variability in investment returns that an investor is willing to withstand. Risk tolerance is an important component in investing. You should have a realistic understanding … Continue reading What’s Your Tolerance for Risk?

The Magic of Compounding – Start Early

Remember that time is money. - Ben Franklin, Advice to a Young Tradesman, 1748 To prove what Franklin meant about the time value of money, let's use an example, one that pays homage to Franklin. Another famous saying of Franklin's is "A penny saved is a penny got." Imagine someone took Franklin's advice, and took … Continue reading The Magic of Compounding – Start Early