What is my risk tolerance for investing?
An example of an AI chatbot conversation about assessing risk tolerance in investing strategies.
What is my risk tolerance for investing?
To determine your risk tolerance, I need to ask a few questions about your financial goals and comfort with risk.
Okay, I have a long-term goal of saving for retirement.
Great! How many years do you have until retirement, and how would you feel if your investments lost value in the short term?
I have about 20 years until retirement, and I can handle some fluctuations as long as I see growth in the long run.
That sounds like you might have a moderate to high risk tolerance. Would you like to explore some investment strategies that align with that?
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