co-founder Brent Weiss. "You cannot get the rewards that we're looking to achieve long-term without taking on risk," he says.
, bonds, mutual funds, and many other types are all options in investing. But they're not all the same when it comes to risk. For most people, it's important to strike a balance between investments with different risks to make a balanced portfolio, and that"I can't tell you how many people, even in their 50s and 60s, have [a portfolio that is] 100% stocks," he says. "That's not a bad thing if you're in your 20s or 30s; that's actually a very good thing.
Similarly, he adds, "I see it for individuals approaching retirement who worked for a company for 30 years, and they have a whole bunch of stock. They're tied to it emotionally, but they don't understand the risks that come with owning one [stock]."
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