What should my risk profile be at 28?

At 28, you have a longer time horizon for investing, which means you can afford to take on more risk. However, it's important to consider your overall financial situation, investment experience, and personal risk tolerance.

1. Your Risk Profile at 28:
   • As a 28-year-old with a decade or more until retirement, you can afford to take on more risk due to the power of compound growth and the time you have to recover from any potential downturns.
   • You may want to consider a slightly more aggressive risk profile, especially if you have a strong financial foundation and a high income.
   • However, it's important to remember that aggressive investing also means you could experience higher losses in a downturn.
2. Factors Influencing Your Risk Profile:
   • Your age and time horizon: As a 28-year-old, you have a longer time horizon, which allows for the potential of compound growth and the ability to recover from market fluctuations.
   • Financial situation: If you have a strong financial foundation, such as a high income, significant savings, or a stable employment history, you may be able to take on more risk.
   • Investment experience: If you have a good understanding of investing and are comfortable with the ups and downs of the market, you may be more inclined to take on more risk.
   • Personal risk tolerance: Your willingness to accept risk is a personal characteristic that can influence your investment decisions.
3. Balancing Risk and Reward:
   • While it's important to consider taking on more risk at 28, it's equally important to balance that with the need for long-term wealth creation.
   • A balanced approach might involve a mix of growth-oriented and conservative investments, depending on your individual circumstances and risk tolerance.

Ultimately, the decision on your risk profile should be based on a thorough assessment of your financial situation, investment goals, and personal risk tolerance. It may be helpful to consult with a financial advisor to determine the appropriate level of risk for your individual circumstances.