Accordingly, the conversation with you has to turn to risk. I explain the risks of what may happen in the future and advise you on financial solutions which can mitigate these risks. Alternative options will mitigate these risks to different degrees and that poses a dilemma as to what is the best solution for the client. Furthermore, the recommended solution will be the ‘best fit’ to your circumstances, and sometimes you will choose not to implement the recommended solution. Why? There are other factors at play including affordability and attitude to risk.No two people will have the same view of risk. What is subjectively risky to one will be viewed as less risky to another. Similarly, different individuals have different capacities for risk based on their unique situation or stage in life. Individuals also have different risk tolerance levels and what this means is that for the risk advisor there is no ‘one size fits all’. In fact, there is a unique solution for everyone and as your financial advisor I will find that solution for you.
For some of you worryingly, denial is a method of ignoring risk. In the Celtic Tiger economy of the last decade, property and equities investment/speculation was the activity most associated with peoples actions who denied any acknowledgement of the inherent risks present in those activities. That life-stage ended badly for many speculators because they did not understand the risks involved.
When it comes to investment risk, there are many possibilities which cause an unwanted event and thus many factors that drive risk as happened at the end of the Celtic Tiger. Here are just some:
Asset class risk, Sector risk, Geographical risk, Fund Manager risk, Interest rate risk, Inflation risk, Currency risk, Economic risk and Political risk.
It is true that all of the above have an impact on investment volatility. Volatility refers to the amount of uncertainty or risk which causes fluctuations in an asset/security’s value. A higher volatility (higher risk) means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility (lower risk) means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.
Regarding protection risk, I encounter many whose attitude is that early death/serious illness or loss of income will not happen (denial) to them and their family and “‘anyways’ the cover is not worth it”! Risk cover does come at a price, and yes actuaries study statistics and price risk cover so that their employer makes a profit margin like any other business.
The most widespread incidence of denial in my experience actually occurs among the business sector. The evidence supports the fact that there is a very low up-take among businesses for Co-Director/Co Partner assurance or Key-man insurance. The instances when it is put in place are generally for the purpose of compliance, i.e. providing the lender with collateral security for the bank debt of the borrowers. This is a high risk strategy which business people engage in, which frankly surprises me.
In Ireland today, the mortality and illness statistics are alarming. Here are just some:
My own personal experiences of life’s risks had one stand out event. This was when my own mother (never having drank alcohol or smoked) was diagnosed with bowel cancer in October 2000 and passed away in December 2000 at the age of just 58. On another occasion in 2012, I lost a friend aged just 44 who was diagnosed with Motor Neurone Disease earlier that year.
Now there are certain actions we can all take as individuals and businesses to reduce our risk, however it is still prudent to put in place plans that protect against the ever present risk which we have no control over. My own view is that it is smart and prudent from both a family and business perspective to have suitable protection in place. To do this requires perseverance in financial planning for peace of mind. My role is to advise you on whatever life-stage you are at and to prepare you for your financial future. Helping to chart your financial future will always be practical rather than utopian. In this way the independent financial advice I provide for your financial plan is grounded in reality, your reality.
Accordingly, the conversation with you has to turn to risk. I explain the risks of what may happen in the future and advise you on financial solutions which can mitigate these risks. Alternative options will mitigate these risks to different degrees and that poses a dilemma as to what is the best solution for the client. Furthermore, the recommended solution will be the ‘best fit’ to your circumstances, and sometimes you will choose not to implement the recommended solution. Why? There are other factors at play including affordability and attitude to risk.No two people will have the same view of risk. What is subjectively risky to one will be viewed as less risky to another. Similarly, different individuals have different capacities for risk based on their unique situation or stage in life. Individuals also have different risk tolerance levels and what this means is that for the risk advisor there is no ‘one size fits all’. In fact, there is a unique solution for everyone and as your financial advisor I will find that solution for you.
For some of you worryingly, denial is a method of ignoring risk. In the Celtic Tiger economy of the last decade, property and equities investment/speculation was the activity most associated with peoples actions who denied any acknowledgement of the inherent risks present in those activities. That life-stage ended badly for many speculators because they did not understand the risks involved.
When it comes to investment risk, there are many possibilities which cause an unwanted event and thus many factors that drive risk as happened at the end of the Celtic Tiger. Here are just some:
Asset class risk, Sector risk, Geographical risk, Fund Manager risk, Interest rate risk, Inflation risk, Currency risk, Economic risk and Political risk.
It is true that all of the above have an impact on investment volatility. Volatility refers to the amount of uncertainty or risk which causes fluctuations in an asset/security’s value. A higher volatility (higher risk) means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility (lower risk) means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.
Regarding protection risk, I encounter many whose attitude is that early death/serious illness or loss of income will not happen (denial) to them and their family and “‘anyways’ the cover is not worth it”! Risk cover does come at a price, and yes actuaries study statistics and price risk cover so that their employer makes a profit margin like any other business.
The most widespread incidence of denial in my experience actually occurs among the business sector. The evidence supports the fact that there is a very low up-take among businesses for Co-Director/Co Partner assurance or Key-man insurance. The instances when it is put in place are generally for the purpose of compliance, i.e. providing the lender with collateral security for the bank debt of the borrowers. This is a high risk strategy which business people engage in, which frankly surprises me.
In Ireland today, the mortality and illness statistics are alarming. Here are just some:
My own personal experiences of life’s risks had one stand out event. This was when my own mother (never having drank alcohol or smoked) was diagnosed with bowel cancer in October 2000 and passed away in December 2000 at the age of just 58. On another occasion in 2012, I lost a friend aged just 44 who was diagnosed with Motor Neurone Disease earlier that year.
Now there are certain actions we can all take as individuals and businesses to reduce our risk, however it is still prudent to put in place plans that protect against the ever present risk which we have no control over. My own view is that it is smart and prudent from both a family and business perspective to have suitable protection in place. To do this requires perseverance in financial planning for peace of mind. My role is to advise you on whatever life-stage you are at and to prepare you for your financial future. Helping to chart your financial future will always be practical rather than utopian. In this way the independent financial advice I provide for your financial plan is grounded in reality, your reality.
Accordingly, the conversation with you has to turn to risk. I explain the risks of what may happen in the future and advise you on financial solutions which can mitigate these risks. Alternative options will mitigate these risks to different degrees and that poses a dilemma as to what is the best solution for the client. Furthermore, the recommended solution will be the ‘best fit’ to your circumstances, and sometimes you will choose not to implement the recommended solution. Why? There are other factors at play including affordability and attitude to risk.No two people will have the same view of risk. What is subjectively risky to one will be viewed as less risky to another. Similarly, different individuals have different capacities for risk based on their unique situation or stage in life. Individuals also have different risk tolerance levels and what this means is that for the risk advisor there is no ‘one size fits all’. In fact, there is a unique solution for everyone and as your financial advisor I will find that solution for you.
For some of you worryingly, denial is a method of ignoring risk. In the Celtic Tiger economy of the last decade, property and equities investment/speculation was the activity most associated with peoples actions who denied any acknowledgement of the inherent risks present in those activities. That life-stage ended badly for many speculators because they did not understand the risks involved.
When it comes to investment risk, there are many possibilities which cause an unwanted event and thus many factors that drive risk as happened at the end of the Celtic Tiger. Here are just some:
Asset class risk, Sector risk, Geographical risk, Fund Manager risk, Interest rate risk, Inflation risk, Currency risk, Economic risk and Political risk.
It is true that all of the above have an impact on investment volatility. Volatility refers to the amount of uncertainty or risk which causes fluctuations in an asset/security’s value. A higher volatility (higher risk) means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility (lower risk) means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.
Regarding protection risk, I encounter many whose attitude is that early death/serious illness or loss of income will not happen (denial) to them and their family and “‘anyways’ the cover is not worth it”! Risk cover does come at a price, and yes actuaries study statistics and price risk cover so that their employer makes a profit margin like any other business.
The most widespread incidence of denial in my experience actually occurs among the business sector. The evidence supports the fact that there is a very low up-take among businesses for Co-Director/Co Partner assurance or Key-man insurance. The instances when it is put in place are generally for the purpose of compliance, i.e. providing the lender with collateral security for the bank debt of the borrowers. This is a high risk strategy which business people engage in, which frankly surprises me.
In Ireland today, the mortality and illness statistics are alarming. Here are just some:
My own personal experiences of life’s risks had one stand out event. This was when my own mother (never having drank alcohol or smoked) was diagnosed with bowel cancer in October 2000 and passed away in December 2000 at the age of just 58. On another occasion in 2012, I lost a friend aged just 44 who was diagnosed with Motor Neurone Disease earlier that year.
Now there are certain actions we can all take as individuals and businesses to reduce our risk, however it is still prudent to put in place plans that protect against the ever present risk which we have no control over. My own view is that it is smart and prudent from both a family and business perspective to have suitable protection in place. To do this requires perseverance in financial planning for peace of mind. My role is to advise you on whatever life-stage you are at and to prepare you for your financial future. Helping to chart your financial future will always be practical rather than utopian. In this way the independent financial advice I provide for your financial plan is grounded in reality, your reality.
Accordingly, the conversation with you has to turn to risk. I explain the risks of what may happen in the future and advise you on financial solutions which can mitigate these risks. Alternative options will mitigate these risks to different degrees and that poses a dilemma as to what is the best solution for the client. Furthermore, the recommended solution will be the ‘best fit’ to your circumstances, and sometimes you will choose not to implement the recommended solution. Why? There are other factors at play including affordability and attitude to risk.No two people will have the same view of risk. What is subjectively risky to one will be viewed as less risky to another. Similarly, different individuals have different capacities for risk based on their unique situation or stage in life. Individuals also have different risk tolerance levels and what this means is that for the risk advisor there is no ‘one size fits all’. In fact, there is a unique solution for everyone and as your financial advisor I will find that solution for you.
For some of you worryingly, denial is a method of ignoring risk. In the Celtic Tiger economy of the last decade, property and equities investment/speculation was the activity most associated with peoples actions who denied any acknowledgement of the inherent risks present in those activities. That life-stage ended badly for many speculators because they did not understand the risks involved.
When it comes to investment risk, there are many possibilities which cause an unwanted event and thus many factors that drive risk as happened at the end of the Celtic Tiger. Here are just some:
Asset class risk, Sector risk, Geographical risk, Fund Manager risk, Interest rate risk, Inflation risk, Currency risk, Economic risk and Political risk.
It is true that all of the above have an impact on investment volatility. Volatility refers to the amount of uncertainty or risk which causes fluctuations in an asset/security’s value. A higher volatility (higher risk) means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility (lower risk) means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.
Regarding protection risk, I encounter many whose attitude is that early death/serious illness or loss of income will not happen (denial) to them and their family and “‘anyways’ the cover is not worth it”! Risk cover does come at a price, and yes actuaries study statistics and price risk cover so that their employer makes a profit margin like any other business.
The most widespread incidence of denial in my experience actually occurs among the business sector. The evidence supports the fact that there is a very low up-take among businesses for Co-Director/Co Partner assurance or Key-man insurance. The instances when it is put in place are generally for the purpose of compliance, i.e. providing the lender with collateral security for the bank debt of the borrowers. This is a high risk strategy which business people engage in, which frankly surprises me.
In Ireland today, the mortality and illness statistics are alarming. Here are just some:
My own personal experiences of life’s risks had one stand out event. This was when my own mother (never having drank alcohol or smoked) was diagnosed with bowel cancer in October 2000 and passed away in December 2000 at the age of just 58. On another occasion in 2012, I lost a friend aged just 44 who was diagnosed with Motor Neurone Disease earlier that year.
Now there are certain actions we can all take as individuals and businesses to reduce our risk, however it is still prudent to put in place plans that protect against the ever present risk which we have no control over. My own view is that it is smart and prudent from both a family and business perspective to have suitable protection in place. To do this requires perseverance in financial planning for peace of mind. My role is to advise you on whatever life-stage you are at and to prepare you for your financial future. Helping to chart your financial future will always be practical rather than utopian. In this way the independent financial advice I provide for your financial plan is grounded in reality, your reality.
Accordingly, the conversation with you has to turn to risk. I explain the risks of what may happen in the future and advise you on financial solutions which can mitigate these risks. Alternative options will mitigate these risks to different degrees and that poses a dilemma as to what is the best solution for the client. Furthermore, the recommended solution will be the ‘best fit’ to your circumstances, and sometimes you will choose not to implement the recommended solution. Why? There are other factors at play including affordability and attitude to risk.No two people will have the same view of risk. What is subjectively risky to one will be viewed as less risky to another. Similarly, different individuals have different capacities for risk based on their unique situation or stage in life. Individuals also have different risk tolerance levels and what this means is that for the risk advisor there is no ‘one size fits all’. In fact, there is a unique solution for everyone and as your financial advisor I will find that solution for you.
For some of you worryingly, denial is a method of ignoring risk. In the Celtic Tiger economy of the last decade, property and equities investment/speculation was the activity most associated with peoples actions who denied any acknowledgement of the inherent risks present in those activities. That life-stage ended badly for many speculators because they did not understand the risks involved.
When it comes to investment risk, there are many possibilities which cause an unwanted event and thus many factors that drive risk as happened at the end of the Celtic Tiger. Here are just some:
Asset class risk, Sector risk, Geographical risk, Fund Manager risk, Interest rate risk, Inflation risk, Currency risk, Economic risk and Political risk.
It is true that all of the above have an impact on investment volatility. Volatility refers to the amount of uncertainty or risk which causes fluctuations in an asset/security’s value. A higher volatility (higher risk) means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility (lower risk) means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.
Regarding protection risk, I encounter many whose attitude is that early death/serious illness or loss of income will not happen (denial) to them and their family and “‘anyways’ the cover is not worth it”! Risk cover does come at a price, and yes actuaries study statistics and price risk cover so that their employer makes a profit margin like any other business.
The most widespread incidence of denial in my experience actually occurs among the business sector. The evidence supports the fact that there is a very low up-take among businesses for Co-Director/Co Partner assurance or Key-man insurance. The instances when it is put in place are generally for the purpose of compliance, i.e. providing the lender with collateral security for the bank debt of the borrowers. This is a high risk strategy which business people engage in, which frankly surprises me.
In Ireland today, the mortality and illness statistics are alarming. Here are just some:
My own personal experiences of life’s risks had one stand out event. This was when my own mother (never having drank alcohol or smoked) was diagnosed with bowel cancer in October 2000 and passed away in December 2000 at the age of just 58. On another occasion in 2012, I lost a friend aged just 44 who was diagnosed with Motor Neurone Disease earlier that year.
Now there are certain actions we can all take as individuals and businesses to reduce our risk, however it is still prudent to put in place plans that protect against the ever present risk which we have no control over. My own view is that it is smart and prudent from both a family and business perspective to have suitable protection in place. To do this requires perseverance in financial planning for peace of mind. My role is to advise you on whatever life-stage you are at and to prepare you for your financial future. Helping to chart your financial future will always be practical rather than utopian. In this way the independent financial advice I provide for your financial plan is grounded in reality, your reality.