What are some effective strategies for risk management in investing?
An example of an AI chatbot conversation about strategies for managing investment risks.
What are some effective strategies for risk management in investing?
Effective strategies include diversification, asset allocation, and setting stop-loss orders.
Can you explain how diversification works?
Diversification involves spreading investments across various assets to reduce risk.
What is asset allocation?
Asset allocation is the process of dividing investments among different asset categories, like stocks and bonds.
How do stop-loss orders help in managing risk?
Stop-loss orders automatically sell a security when it reaches a certain price, limiting potential losses.
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