BMO Retirement Tips of the Day: Know How Much Risk You Can Tolerate and Don't Play it Too Safe

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/05/12 -- As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book .

Tip Number Nine:

Know how much risk you can tolerate

Understanding how much risk you can tolerate can make you a better investor because you'll make investing decisions that are suited appropriately to your personal situation.

To determine your risk tolerance:

Tip Number Ten:

Don't play it too safe

Being too conservative in your investment approach actually adds additional risk and could cause you to run short of money over time. By being too cautious, you may not be able to keep up with inflation; over time this will greatly reduce your buying power. When you invest, you need to earn a rate of return that is higher than inflation plus income taxes if you want your money to grow.

For more information on retirement: .

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 05.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 111057
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