When it comes to investing, risk management is key.
You want to make sure that you are doing everything possible to protect your investment and minimise your chances of losing money.
There are many different strategies that you can use for risk management, and in this blog post, we will discuss 7 of them.
Each strategy has its own benefits and drawbacks, so you will need to decide which ones work best for you.
Read on to learn more about investment risk management!
Risk Management Strategy #1 – Diversification
Diversification is one of the most important risk management strategies.
When you diversify your investments, you are spreading out your risk and giving yourself a better chance of making money.
For example, let’s say that you invest all of your money in one stock. If that stock goes down, then you will lose all your money.
But if you diversify and invest in multiple stocks, then even if one stock goes down, you...