Nerina Visser of etfSA once said something about risk that has stuck with me. She commented that risk is when the unexpected happens. She was talking about exchange-traded funds (ETFs) and her logic was that if you bought an ETF to track an index, your expectation is that it will track that index and if it does, nothing unexpected has happened. So, falling or rising markets are neither a worry nor a risk.
Now, this sounds odd, because if the market falls, so does the ETF which tracks that market. But that is the point she was making, and it changes how we see risk. Instead of risk being solely about losing money, it becomes expectation against reality.
この記事は Finweek English の 22 October 2021 版に掲載されています。
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この記事は Finweek English の 22 October 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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