RE: balance22 Apr 2020 17:28
There are many methods to lower risk and so many factors to consider, I feel that is part of the learning process over time -)
A few examples :-
1/ Top slice as you gain
2/ raise your average slowly
3/ ladder approach
3/ diversification in your portfolio so you can weather a catastrophic scenario from one of your larger holdings in one particular share
4/ diversified wealth management where possible as you hopefully increase your wealth where you can hold cash, own your house and potentially other property outright instead of putting everything into the market
Your risk profile, specialist areas, income streams, age, personal responsibilities, time available and many other factors play a part in the best strategy for you............really only experience and time will enable you to find the right mix..........its hard to have a uniform approach that works for everyone.
There are some universal rules though I guess, one good example - only invest what you can afford to lose.