An experienced financial professional, Frederick Eugene “Fritz” Mowery earned a bachelor’s of business administration in finance, marketing, and economics from Texas Tech University. After 7 years working for Comerica Bank Texas in Dallas as senior vice president and portfolio manager, Fritz Mowery now serves as president and chief investment officer of his own company, Mowery Capital Management, LLC. In this role, he assists clients with determining their financial goals and objectives and determining their risk tolerance.
Risk tolerance related to your finances is all about finding an investment strategy that is comfortable for you, but that will still result in enough financial gain. Calculating your own personal risk tolerance involves a variety of factors, but it is also important to remember that your risk tolerance can change over time. To ensure your investments will offer you the most benefit, you should reassess your risk tolerance and adjust your asset allocation periodically.
To determine your own risk tolerance, consider your overall financial resources, the amount you have available to invest, your experience with investing, and the amount of time available to you. Most experts will advise you that you will have a higher risk tolerance when you are younger, primarily because there is more time available to recover from any downturns or issues with your finances. The closer you get to retirement, the less risk tolerance most people have. Your risk tolerance will also be dependent on your own comfort level with finances. You must consider how much money you are willing to lose, how you might feel during an economic crisis, and what types of investments might make you uncomfortable.
Risk tolerance related to your finances is all about finding an investment strategy that is comfortable for you, but that will still result in enough financial gain. Calculating your own personal risk tolerance involves a variety of factors, but it is also important to remember that your risk tolerance can change over time. To ensure your investments will offer you the most benefit, you should reassess your risk tolerance and adjust your asset allocation periodically.
To determine your own risk tolerance, consider your overall financial resources, the amount you have available to invest, your experience with investing, and the amount of time available to you. Most experts will advise you that you will have a higher risk tolerance when you are younger, primarily because there is more time available to recover from any downturns or issues with your finances. The closer you get to retirement, the less risk tolerance most people have. Your risk tolerance will also be dependent on your own comfort level with finances. You must consider how much money you are willing to lose, how you might feel during an economic crisis, and what types of investments might make you uncomfortable.
