Hats off and hurrah to Mark and the other trades guys for all their hard work. Follow on FaceBook to find out more https://www.facebook.com/safehomesforsinglemothersmjinc/
Do you worry about your investments? If so read this. I have written in the past about living with uncertainty. Right now there isnt much feel good factor with constant rumblings about housing market collapse, interest rate rises, government overspending yet in reality economies are doing well. Check out "Risk perception vs Risk profile" by Ben Carlson (CFA) his take on this. A blog that is worth following.
In short its down to our risk perception which is something all investors need to understand because it affects us ALL.
Your risk profile is different than your risk perception.
Your risk profile is a combination of your appetite for risk, your need to take risk, and your ability to take risk.
But your perception of risk is very emotional and changes with time, experience, and circumstance and what you hear in the news.
Understanding yourself is the most IMPORTANT part of the investment process. If you don’t understand yourself — your reactions, your personality traits, your biases, your limitations — it doesn’t matter which type of investor you’re supposed to be.
It matters which type of investor you are.
Some investors are constantly plagued by the fear of missing out on huge gains.
Others will be haunted by the fear of being fully invested when markets take a dive.
The ideal is to BALANCE out your future goals with your desire to sleep soundly at night
This is why true risk management is about creating behaviorally aware portfolios, not fancy mathematical risk measurement techniques.
The biggest risk for investors is never a market-moving geopolitical event. The biggest risk for investors is themselves.
Press release attached above . Congratulations Benjamin Waite and thank you for looking after my clients so well. The only flat fee Portfolio Manager in Saskatchewan.