GAGAN SINGH LAKHANATIA, RISK ADVISOR
Emotional risks are like stumbling blocks that arise when we experience negative emotions such as sadness, stress, or feeling upset. They can make us feel really down and can have a big impact on how we act and see ourselves and the world around us.
These risks often emerge because of various factors in our lives. Sometimes, it's because of tough experiences we've had in the past that still affect us, or it might be because we're under a lot of pressure from different parts of our lives, like school, work, or relationships.
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But there are strategies we can use to help ourselves feel better:
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Emotional Risks in Life
Financial Risks in life
Financial risks can manifest in various ways, impacting an individual or a household due to different circumstances. Here are some explanations for each and ever person in common:
1. Loss of Money due to Mismanagement at Home:
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2. Loss of Income due to Loss of Job:
3. Loss of Income due to Illness of an Earning Person:
4. Loss of Income due to Death/Disability:
5. Loss of Income due to Retirement:
6. Loss in Business:
Investment risks in Life
Investment risks encompass a range of factors that can affect the value and performance of investments. These risks can significantly influence an individual's financial well-being, shaping their present and future financial security. Below are various types of investment risks and their potential impacts:
1. Market Risk: Market risk refers to the possibility of financial losses due to fluctuations in the market value of investments.
2. Inflation Risk: Inflation risk is the potential for the purchasing power of money to decrease over time due to rising prices.
3. Interest Rate Risk: Interest rate risk is the potential for changes in interest rates to impact the value of fixed-income securities.
4. Liquidity Risk: Liquidity risk refers to the possibility that investments can't be easily converted to cash without substantial loss in value.
5. Specific Investment Risk: Investing in a particular company or sector carries the risk of under-performance or failure of that specific investment.