Answer to Question #301257 in Finance for Kelsey Jand

Question

Question - Risk and Risk Avoidance

Prompt: In investments, higher risk may provide higher returns. It is interesting how people have different comfort levels taking risk. Please consider your own comfort with taking risks; are you a person who is willing to take a risk in order to earn a higher level of return on an investment? 

Context Link: https://saylordotorg.github.io/text_personal-finance/s08-evaluating-choices-time-risk-a.html

Instructions: Make sure to use proper grammar and punctuation in this college-level course in all correspondence. Please avoid “text” or “twitter speak” when corresponding.

Extra Directions: Answer "Are you a person who is willing to take a risk in order to earn a higher level of return on an investment?" as if you were a sixteen-year-old student in high school.

Answer 1

Answer "Are you a person who is willing to take a risk in order to earn a higher level of return on an investment?" as if you were a sixteen-year-old student in high school.

When I was in my early twenties, I was a fearless risk-taker who never allowed doubt or uncertainty to get in the way of my goals. The desire that drove me to achieve greater heights, is creativity, and being original in my pursuits. My self-assurance and awareness helped me stand out among my classmates at school. While interacting with teachers, I would ask them questions. I never dreaded failure in my goal and chase for success, which is why I reached the pinnacles of scholastic achievement. Every opportunity to study and acquire skills and information presented itself to me along the road. As a result, I was able to adjust to changes at home and at school since I was prepared for any eventuality.

And for this reason, I have understood that in seeking higher returns I may have to accept some loss of my initial investment. I will risk more of my investment just to earn a higher level of return.