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Message: <blockquote data-quote="turkeyrun" data-source="post: 4233790" data-attributes="member: 27991">Good stuff been put forth. "Risk" is a relative term. Tolerance to risk is based on your age and your tolerance of loss.Over 50, risk gets scary. The farther over, the scarier.I just moved some excess savings into money market. It pays better than CD and more fluid, not as volatile as stocks.Since retirement,  my risk tolerance has dropped considerably. I am a big fan of ETF's. A few years back, ETFs were new, my advisor was telling me about them. I was moving some money around and decided to go in that direction. It was 17 months before the Beijing Olympics,  there was an ETF investing in Chinese construction stocks. China was building the Olympic stadium and repairing / upgrading the city, for showing off to the world. I said I wanted $30k in China. Advisor tried to talk me out of it. 3 other advisors tried to talk me out of it. The Office Manager tried. I told them to buy.16 months later, 1 month before the Olympics began, I tell him to sell. My $30k was now, $93k. Everyone in the office was asking what I was going to invest in.Never had a hit like that, before or after.I know several that lost a lot in the dot com era.  Just as all of the casinos were coming into being, I found a family owned company, Paul & Sons, that was going public. They manufactured 70% of all gaming tables and supplies worldwide.Wif and I decided to buy $10k. (IPO was $10 / share)I screwed around and missed the IPO. The stock dropped to $2, in a month. Continued to go down to $0.42. over 6 month period. Took it several years to recover to $10. I have never bought into it.Mutual Funds for long term, unless you really know what your doing.</blockquote>

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