Chapter 3 – Define your risk tolerance
Once you understand the fundamental relation between risk and reward, you must define how much investment risk you can take. This is determined by two factors. Firstly, your ability to take risk, hence, how much can you afford losing considering your financial situation and lifestyle. Secondly, your willingness to take risk, which means how much you can afford losing without facing sleepless nights. This chapter will help you to better understand and to determine both factors.
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