Talking to Teens About Financial Risk

This month, I had the opportunity to discuss family finances & how to teach teenagers about investment risks with Erin Gobler and TheBalance.com. Though the article was centered on financial education for teenage investors, the principles of risk and reward apply to investors of all ages.

See below for an excerpt:

Investment risk is a continuum, with nearly risk-free assets that are backed by the government on one end, and volatile assets that have more of a gamble-like risk on the other, Adam Scherer, a CFP and the president of Greenbeat Financial, told The Balance in a phone interview.

“As you move along the risk continuum, the safety piece becomes more of a question mark,” Scherer said. “For an investment with lots of ups and downs and a shorter track record, you would have to be willing to weather some of that volatility.”

To read the entire article, click HERE.