When you’ve got a longer term investment timeframe you’ve got a bit more capacity to take on risk because you’ve got the ability to hold on through any challenging times in the markets.
Whereas a shorter timeframe means you have much less ability to regain any losses if you needed to take out your money immediately.
Understanding and remembering your investment timeframe is really key to investing, right up there with understanding your attitude towards risk. Senior Wealth Manager Laura O'Reilly explains more in this short video.
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