{"id":260,"date":"2015-04-07T12:27:25","date_gmt":"2015-04-07T19:27:25","guid":{"rendered":"https:\/\/chaltenadvisors.com\/blog\/?p=260"},"modified":"2015-04-07T12:27:25","modified_gmt":"2015-04-07T19:27:25","slug":"going-up-a-264-rung-ladder-risk-is-a-very-personal-thing","status":"publish","type":"post","link":"https:\/\/chaltenadvisors.ca\/blog\/going-up-a-264-rung-ladder-risk-is-a-very-personal-thing\/","title":{"rendered":"Going up a 264 rung ladder? Risk is a very personal thing."},"content":{"rendered":"
\"Going<\/a>
“There may be some ladders involved”<\/em><\/figcaption><\/figure>\n

There are risks in life worth taking and there are risks that aren’t worth taking. \u00a0Inevitably some risk is involved if you want to attain the greatest rewards. \u00a0Moreover, taking risk may lead you to outcomes you couldn’t\u00a0previously imagine or seem possible. \u00a0Risk is exciting, it gets the blood pumping and invigorates our daily life. \u00a0In some situations, risk, and the feeling it gives you, is the reward in itself. Risk becomes more interesting and dynamic when you have the\u00a0ability to\u00a0control and adjust your exposure to it.<\/p>\n

Family\u00a0provides great\u00a0opportunities to explore your personal risk boundaries. \u00a0There are risks that should be avoided. \u00a0We embrace risk where we have more control and a clear reward as a result. \u00a0We tend to shun risk where we perceive there to be little reward, or even danger, especially when we have little control. \u00a0I find myself, in particular, always trying to manage out low probability but high impact risks where the impact is highly negative yet where I have a high degree of control. \u00a0I remember trying to convince Alexa that having our infant son outside on the deck\u00a0in the Rocky Mountains, in the sun, free to squirm and roll around in the pleasant warmth yet\u00a0exposed to passing hawks, eagles and other birds of prey was one of these risk situations. \u00a0Low probability that he’d be carried off, yet clearly high impact if it happened; a risk that could be easily\u00a0eliminated\u00a0in exchange for a little personal capital (I, perhaps inappropriately, silenced the poking of fun at a\u00a0new father with a vivid description of what would happen to our new family member if indeed a golden eagle or turkey vulture were to carry him or pieces of him up to their nest to feed it’s family).<\/p>\n

Travel provides\u00a0great opportunities to explore your personal risk boundaries. \u00a0New experiences, new foods, new adventure, new dangers. \u00a0When the guide book says the view from the top is grand but\u00a0“there may be some ladders involved”<\/em>\u00a0, your sense of adventure may be piqued. \u00a0When the park official tips you off that several people have died in the last couple of years going up this route including one time when the entire ladder came loose and fell back, your perception of the risk\/reward balance changes. For some (pictured above) the additional information\u00a0further enhances the experience. \u00a0For others (not pictured) the new information changes the situation into a high probability, high impact risk situation\u00a0that can be controlled without any poking of fun necessary. \u00a0It’s especially easy to choose\u00a0when the reward (pictured below)\u00a0for taking the easy route is not that different\u00a0to that which can be obtained by assuming much, much more risk.<\/p>\n

\"Machu<\/a>
If the reward is virtually the same, it might be worth taking the easy route and cutting out risk.<\/em><\/figcaption><\/figure>\n

Investing\u00a0provides\u00a0interesting opportunities to explore your personal risk boundaries. \u00a0There are risks worth taking and risks not worth taking. \u00a0There are risks where you can exercise more control and risks where you have no control. \u00a0There are rewards to be earned and choices to consider. \u00a0Most importantly, just as in life, risk in investing is very personal.<\/p>\n

Please begin to explore your own personal risk boundaries by taking our Free Personal Risk Questionnaire<\/strong><\/em><\/a>. \u00a0You’ll receive a report with the results including bench-marking of your risk profile\u00a0against others.<\/p>\n

Please subscribe to the Chalten Blog<\/a><\/strong><\/em>\u00a0to have it delivered directly to your inbox.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

There are risks in life worth taking and there are risks that aren’t worth taking. \u00a0Inevitably some risk is involved if you want to attain the greatest rewards. \u00a0Moreover, taking risk may lead you to outcomes you couldn’t\u00a0previously imagine or seem possible. \u00a0Risk is exciting, it gets the blood pumping and invigorates our daily life. […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,15],"tags":[],"class_list":["post-260","post","type-post","status-publish","format-standard","hentry","category-all-posts","category-risk-and-return"],"_links":{"self":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/comments?post=260"}],"version-history":[{"count":4,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/260\/revisions"}],"predecessor-version":[{"id":266,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/260\/revisions\/266"}],"wp:attachment":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/media?parent=260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/categories?post=260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/tags?post=260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}