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With investing, if you avoid significant losses, the gains will take care of themselves. An investment that gains 100% in the first year and loses 50% in the second year leaves you back where you started. An investment that gains 7% in the first year and 7% in the second year leaves you ahead by 15%.
Read MoreIt is important to understand how we feel about risk and how it impacts our finances and investments.
Risk, if properly managed, can actually work to our advantage.
Read MoreFor the past several months, US stocks whipsawed with each presidential tweet about whether Trump is adding tariffs or suspending tariffs, talking to the Chinese or ordering US companies out of China. We’ve seen some days where the Dow fell over 800 points, which once upon a time was a big deal, but amounts to a decline of only 3% in a year when the S&P 500 is up 20.6%. When the Dow fell 508 points in October 1987, that was a decline of 22.6% in a day!
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