facebookI'm 26yo, and I've a 14% portfolio for a lower risk option, and a 26% for a higher risk position. Should I change my higher risk option to the 36% portfolio instead? This would be for the long run? - Seedly

          Advertisement

          Anonymous

          16 Aug 2020

          Robo-Advisors

          I'm 26yo, and I've a 14% portfolio for a lower risk option, and a 26% for a higher risk position. Should I change my higher risk option to the 36% portfolio instead? This would be for the long run?

          2

              Discussion (2)

              What are your thoughts?

              That would depend on your risk appetite. If you are unsure, consider having multiple portfolios according to risk level (low, medium, and high) to mitigate the risk.

              Reply

              Save

                  Aidan Neo

                  Aidan Neo

                  16 Aug 2020

                  Level 6·Financial Services Consultant at Manulife Financial Advisers

                  It's always up to your risk tolerance but of course with higher risk exposure, the higher the return you will be expecting. As long as your risk tolerance is justifiable and you do not let emotions affect you during huge volatility and know how to dollar cost averaging or add in more position, you'd do fine over the long term.

                  Reply

                  Save

                      Write your thoughts

                      Advertisement