In the investing world, there are certain things that are out of your control: the short term direction of the stock market and where the economic trends are headed, to name just two. These are, of course, impossible to predict with accuracy.
Because of this, we have to assume that certain unforeseeable risks will occur along the way. And while we don't know which ones will happen when, by being prepared for them, we can potentially achieve a better outcome.
Learn more about why it's so important to manage risk instead of your rate of return and how to prepare for unknown events with podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!