An Appetite for Risk

A portfolio should be designed and constructed based on your financial plan. This design should be strategic in nature and be built to weather or endure the typical ups and downs of the typical business cycles. One should not be tinkering on a whim because of a spark in appetite, all based on recent performance.

There is a good reason why you should never grocery shop when you are hungry. Well, at least don’t do it without bringing along your grocery list. If you go into that store without a plan, and your tummy is a rumblin’, you are going to walk out of that store with a whole lot of junk you don’t need.

Often, your eyes are bigger than your stomach.

Links mentioned in this episode:

• http://thoughtsonmoney.com
• http://thebahnsengroup.com