Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Go to any financial planner, brokerage website or 401(k) survey, and there’s a good chance that asset allocation based on risk tolerance will be the first question you’re asked.

It’s a hallmark of the financial planning process. Figuring out how you will react to or feel about various market scenarios allows planners to adjust a portfolio of stocks, bonds and cash accordingly. It’s Financial Planning 101.

The problem is, many investors aren’t being truthful with themselves when it comes to filling out the survey to determine an appropriate risk tolerance. Sure, you may think your risk tolerance is “aggressive” or “moderate,” but behavioral data shows that many investors overestimate how much they are willing to lose. And that leads to poor investment decisions. For investors, figuring out what your risk tolerance really is, is key.

Check out these 5 apps that can help you hit your financial goals for retirement.

To read the Full Story, Go Premium or Log In

Popular Articles

News

Johnson & Johnson Increases Dividend by 7%

Each day, companies across the globe announce upcoming dividend payouts. In our Dividend Payout...

News

NVIDIA Corporation Leads 80 Stocks Going Ex-Dividend This Week

There are 80 stocks going ex-dividend this week starting Monday, May 21. For income investors...

Premium Housing
News

The Market Glance for May 21: Calm and Steady

Markets in the U.S. have remained range bound since the end of January, and with hardly any...