When it comes to the world of planning, investing, and managing assets, the word "risk" can be defined in many different ways. Ask a geek at Change Wealth Advisors about risk and we might ask for clarification. If asked about risk, a portfolio manager might start talking about standard deviation, various ratios, and metrics that excite a statistics enthusiast but are not necessarily meaningful to a client on a personal level.
Below is an article that explores the idea of risk in a more meaningful and comprehensive way, and challenges the traditional way of thinking. Please take a minute to read the article below as we believe it to add a valuable perspective.