Why Managing Risk is Important?
Every day we are exposed to a variety of risks. These risks can include financial loss in the financial market, loss of a loved one or long term health issues. A large unforeseen event, such as the above examples, has the ability to drain all of your financial resources, ruining your way of life and undermining your financial plan. Managing risk helps mitigate potential financial losses and ensures that our way of life can remain unaffected by unavoidable events.