You Can’t Run From Risk (Episode 006)

SUMMARY

Today, Andy Tanner looks at risk and discusses several risk management strategies. Andy talks about the ways to approach risk. He breaks down the linguistics of risk. Also, he differentiates between systemic and nonsystemic investing. Finally, Andy explains the benefits of education, exit strategies, and why investing is not about investments, it’s about investors.


TABLE OF CONTENTS, RESOURCES AND LINKS:

[0:00] Intro
[0:19] Overview
[0:53] The Four Pillars of Investing
[2:37] Examining Risk
[3:25] Probability vs. Possibility
[5:40] Can I Control the Outcome?
[6:39] What is Your Self-Concept of Risk?
[9:36] Insurance Self-Concepts
[12:23] Financial Risks
[15:45] The Language of Risk
[19:42] Saving Money is Risky
[23:11] Approaching Insurance
[25:01] Systemic and Non-systemic
[28:15] Mutual Funds and Retirement Accounts
[31:25] Dealing With Risk
[34:21] Insuring Your Retirement Plan
[35:09] Exit Strategies
[38:22] Education Limits Risk
[42:05] Wrap-Up
[42:37] Outro


Episode Transcripts

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