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QUESTION: I've got plenty of time before retirement, but am much more risk-averse than I 'should' be aiming for at this point. How do I balance investments so I'm still comfortable but not leaving all the opportunity on the table? ANSWER: Investing in any individual stock or bond leaves you vulnerable to the risk that the investment could lose value. Diversification helps lessen this risk and gives you the opportunity to make money with one asset class even while another declines.* Not all products fit one need, however as a new investor, you want to make sure the investments you purchase, whether mutual funds, stocks, or bonds, are well diversified to suit your risk tolerance. There are also investments available that will allow you to capture the upside market performance but provide principal protection from market downturns. Additional benefits include tax-deferred growth, options for lifetime retirement income, and even death benefits for your beneficiaries. *Diversification/Asset Allocation does not ensure a profit or guarantee against loss. | |
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