Part 6/8:
Rob Kralj and other panelists reiterate the importance of understanding personal risk tolerance. Investors nearing retirement may desire stable, less volatile investments, while younger investors might be able to withstand more risk. The principle of patience is crucial in allowing investments time to appreciate.
Moreover, a solid strategy includes regularly assessing financial progress, with the significance of utilizing resources like the Scorecard to track portfolio performance against the S&P 500, providing real context to individual gains or losses.