Answer to the Question of the Month:
Market risk is the possibility that the securities we own could lose value – statements decline. But there are other risks too. For example, if we hold only cash to avoid market risk, then we are accepting inflation risk and the loss of purchase power.
Taxes pose a risk in that they can also reduce account values. And this is the reason why we make significant efforts to reduce and or delay taxes when possible.
Finally, the definition of risk must also include the odds of not achieving a long-term goal that is important to us. Therefore, we measure the funded status of your goals.
No matter what position we take, we are at risk. There is no escape, and therefore the obligation to manage risk.
The Young Financial Group is held to the fiduciary standard.
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