Risk Tolerance

While academics and investment professionals define risk as “fluctuation” or “volatility,” most people see risk as the possibility of incurring a loss.  An investor who...
Michael C. Stalker

Portfolio Stress Testing

Portfolio Stress testing is an approach that looks at the risks and potential losses an investor faces. The process is both a science and an art. The science is in knowing how various...
Michael C. Stalker

True Diversification

A truly diversified portfolio contains securities that zig when other securities zag.  That means owning stocks, bonds, or mutual funds that do not react in the same way to a...
Michael C. Stalker