Saturday, 2 July 2011

Six methods to reduce your investment risk (Part 8 of 8)

The essential principles of risk reduction will not provide you absolute protection, but they can help you keep your losses to a minimum. Whatever your strategy, check facts for yourself and never trust anybody blindly.

Times of economic adversity are often the best to rebuild an investment portfolio. As Lao-Tzu observed twenty-six centuries ago: "Truth is often paradoxical. Don't make the mistake of believing that you know what you don't know."

Making risk reduction a part of your financial plan can help preserve your peace of mind as much as your savings.


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