What is risk?
Risk in stock investing is not that you will lose everything, although that is often thought. Risk is the chance of fluctuations.
The pitfall of too low a risk appetite: saving is also risk
Investing involves risk, this is a well-known truth. The fear of losing therefore keeps many from investing. But what is often overlooked is that too low an appetite for risk can also be a risk. In this article, we discuss the pitfall of too low an appetite for risk and highlight the advantages of a diversified investment portfolio for long-term returns.
Risks of investing: more than just price loss
Most people associate investing with the chance of price loss. And yes, that chance is real. Stock prices can fluctuate, and in extreme cases even drop to zero. However, there is more to risk than just price loss.
- Inflation: The purchasing power of your money gradually decreases due to inflation. Suppose you save €10,000 in a savings account with an interest rate of 0.1%. After ten years you have €1,000 more, but your purchasing power has decreased by say 20%. In fact, you have lost money.
- Missed opportunities: By choosing a savings account with a low return, you miss the opportunity to take advantage of potential growth in the economy. Historically, stocks have earned higher returns than savings accounts over the long term.
- Long-term goals: For many people, investing is a way to achieve their long-term goals, such as retirement or college for the children. With too low a risk appetite, chances are you will not achieve these goals.
The benefits of spreading
A diversified investment portfolio is a powerful tool for reducing risk. By investing in different asset classes, such as stocks, bonds and real estate, you reduce the chances of losing everything if one asset class declines in value.
- Diversification: By diversifying across different sectors, regions and asset classes, you reduce the impact of negative developments in one specific segment.
- Stability: A diversified portfolio provides more stability in your returns. The peaks and valleys are capped, resulting in more gradual growth.
- Risk management: Diversification allows you to match your risk profile to your personal goals and risk appetite.
Finding the right balance
The key to successful investing is finding the right balance between risk and return. Too low a risk appetite can jeopardize your goals, while too high a risk can disrupt your night's rest.
- Determine your risk profile: How much risk are you willing to take? This depends on your age, financial situation, investment goals and horizon.
- Create an investment plan: Prepare a plan with your investment goals, risk profile and the asset classes to be used.
- Reassess periodically: Your risk profile may change over time. Evaluate your investment portfolio periodically and make adjustments as needed.
Thus, too low an appetite for risk can jeopardize your long-term goals. By choosing a diversified investment portfolio with an eye on long-term returns, you can reduce your risks and increase your chances of success. Remember: return is also risk.