Joseph Grund joined Ameriprise Financial in 2008. As a Managing Director and Financial Advisor, Joseph Grund supports clients by developing portfolios that align with their unique needs and risk tolerance.
To build a strong financial portfolio that will help you achieve your financial goals, you must have a clear understanding of risk. Specifically, knowing your risk tolerance determines how you allocate funds. Risk is based on numerous factors, including age and financial capabilities. The latter addresses the threshold for handling stress related to a volatile market. It is not likely your investments will continuously grow without financial losses periodically. Decide if the losses will create uneasiness and keep you up at night. If so, then you may want to be more conservative with your investment approach.
In terms of age, you can generally take a riskier approach if you invest early. Investing at a young age gives you time to grow funds as well as overcome short-term fluctuations that can result in loss. A financial advisor can help you plan and implement strategies that can work toward greater long-term returns. If investing during the later stages of your life, more conservative tactics are generally more effective because the goal is to have access to money sooner.
Joseph Grund & Associates
A private wealth advisory practice of Ameriprise Financial Services, LLC. 11300 US Highway 1, Ste. 600 & 501, Palm Beach Gardens, FL 33408-3293
Ameriprise Financial cannot guarantee future financial results.
Asset allocation does not assure a profit or protect against loss.
Ameriprise Financial Services, LLC, Member FINRA and SIPC.
Investment products are not insured by the FDIC, NCUA, or any federal agency, are not deposits or obligations of, or guaranteed by any financial instruction, and involve investment risks including possible loss of principal and fluctuation in value.
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