Taking Risks To Increase Investment Returns And Build Wealth

<p>Taking calculated risks is necessary to advance in life! Even getting out of bed is risky!&nbsp;But some people are more risk-averse than others!</p><br><p>A calculated risk is a chance taken after careful estimation of the probable outcome. Risk is a complicated subject, and there are various types, including:&nbsp;</p><p><br></p><ul><li>Market risk&nbsp;</li><li>Liquidity risk&nbsp;</li><li>Credit risk&nbsp;</li><li>Reinvestment risk </li><li>Operational risks</li><li>Project risks</li><li>Currency risk&nbsp;</li><li>And much more.</li></ul><p><br></p><br><p>According to the risk-return trade-off formula, invested money can render higher profits only if the investor will accept a higher possibility of losses. </p><br><p><br></p><p>Episode 10 of my podcast is Risk management from an Investing perspective and wealth creation perspective!&nbsp;</p><br><p>I talk about my story of coming to the UK to study 23 years ago with £10,000, not enough to cover my expenses to paying off that loan in record timing and empowering myself to help my family and others!&nbsp;</p><br><p><br></p><p>When it comes to business, it is good to have multiple streams of income and spread your investments as diversification reduces risk.&nbsp;&nbsp;</p><br><p><br></p><p>You can find out more about me through social media profiles or visiting my website www.racmacs.com.&nbsp;</p><p>Follow me on Social Media:</p><p>LinkedIn:&nbsp;<a href="https://www.linkedin.com/in/royston-andrew-cumberbatch-finance" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/royston-andrew-cumberbatch-finance</a>.</p><p>Instagram: <a href="https://www.instagram.com/royston.cumberbatch/" rel="noopener noreferrer" target="_blank">https://www.instagram.com/royston.cumberbatch/</a></p><p>YouTube: <a href="https://www.youtube.com/feed/my_videos" rel="noopener noreferrer" target="_blank">https://www.youtube.com/feed/my_videos</a></p><p>Facebook: <a href="https://www.facebook.com/RoyceCum" rel="noopener noreferrer" target="_blank">https://www.facebook