This is a YouTube video titled "Rick Van Ness - Late Start to Investing #doctor #investing #personalfinance #wealth" containing a talk or presentation by Rick Van Ness discussing investment strategies for people who start investing late, emphasizing appropriate risk management based on individual goals and time horizons. The content is from October 4, 2024.
For people that are starting late, the advice would be don't use that as an excuse for taking more risk than you're able to take. That's not an excuse. So, appropriate risk. What's appropriate risk? That's matching your investment risk with your need horizon. So your goals, all your goals have needs, and each of them have individual horizons. But making a plan is a way of identifying those needs and then matching the investment risk individually with those needs.
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