Find out your Risk Number! How much money would you be willing to risk for the chance at financial gains? This brief survey will help you understand your "risk tolerance" - an important factor in planning your finances.
Knowing how much risk you’re willing to take with your hard-earned money is an important early step in considering the direction of your financial plan.
Find Out Your Risk Number – Financial Risk Analysis
NOTE: Once you receive your score, contact us to find out what your current retirement and/or brokerage account risk number is and see if it is aligned with your risk tolerance number.
What Will This Free Financial Risk Analysis Tell You?
If you’re just starting out with your plan, your Risk Number can help you chart a course. And if you’re already investing, you might be surprised at your true Risk Number related to your current portfolio.
This financial analysis helps people of all ages convert qualitative feelings to an actual number. This number expresses what level of risk is acceptable, and then investments with the same risk tolerance can be chosen for one’s portfolio.
You will be asked a few brief questions with basic, hypothetical “economic environments.” The selection of answers in each scenario shows what the actual dollar impact would be on your portfolio.
At the end, you will be given a Risk Number from 0-100, with 100 being the most risky and 0 being the most risk averse. This number gives you an idea of how much risk you would be willing to take on given your current financial status.
Eventually, this number could move based on your financial plan. But knowing where you are today is a solid starting point when considering financial risk.
This brief survey was developed by one of our strategic partners that we trust and rely on for information.
Next Steps
Once you determine your Risk Number, you may want to learn more about how this score impacts you and/or how much risk your money in your current portfolio is taking compared to your risk number.
If you are a current investor, you may want to reevaluate your portfolio. If you are just starting out in your financial plan, you may want to start looking at ways to grow your savings wisely.
Please contact us to go over your results during a free, no pressure meeting with one of our experts.
What is Financial Risk?
Financial risk is the possibility that you might lose – or gain – money in an investment of some kind. People have varying degrees of risk, and risk tends to be proportional. The investment with the possibility to have a large gain typically has the possibility to have an equal or greater chance to have a large loss. Understanding the market and selecting investments with the lowest risk for the amount of reward you are looking to achieve is very difficult and is best to left up to a professional.