In fourteen hundred ninety-two
Columbus sailed the ocean blue.
He had three ships and left from Spain;
He sailed through sunshine, wind, and rain.
He sailed by night; he sailed by day;
He used the stars to find his way.
A compass also helped him know
How to find the way to go.
The beginnings to a simple poem that is used to teach the story of Christopher Columbus sailing to find the “New World”.
Columbus used a compass to navigate the oceans blue and avoid any disasters on the historic voyage.
The risks that Columbus faced were balanced against what could be his personal wealth and gain. King Ferdinand and Queen Isabella of Spain promised Columbus that if he succeeded he would be given the rank of Admiral of the Ocean Sea and appointed Viceroy and Governor of all the new lands he could claim for Spain. He had the right to nominate three persons, from whom the sovereigns would choose one, for any office in the new lands. He would be entitled to 10 percent of all the revenues from the new lands in perpetuity. Additionally, he would also have the option of buying a one-eighth interest in any commercial venture with the new lands and receive one-eighth of the profits.
In your search for your future and financial gain do you know what your risks are?
What are your investing goals & what is your actual risk tolerance? These are the two largest components that dictate how you should invest for your future.
Are you like many investors who fail to consider the risk your portfolio holds? Chances are you’ll find yourself making irrational, emotional decisions that negatively impact your personal success.
Using our Riskalyze tool, our clients can pinpoint their Personal Risk Tolerance and understand that their investments are in alignment.
Want to find out what your Personal Risk Tolerance is? Take 5 minutes and find out your score.Without knowing your risk tolerance, you are preparing for the future WITHOUT a compass. To get started just click the Free Portfolio Risk Analysis and get your risk personal number.
This is the first step in a journey that could lead you towards finding your future without running aground.
Not knowing might lead you to run aground in your financial future like the fate Columbus’s ship the Santa Maria. The ship ran aground on Christmas Day 1492 and 50 men lost their life.
How much risk do you have?
Knowing my number and looking forward to more Fall,
Michael Tannery CPA CDFA® AIF® ● CEO
Be A Financial Olympian