10 Strategies for Managing Financial Risk in Market Downturns

Now is a great time to reassess both the risk within your portfolio and your ability to deal with it. Managing financial risk can increase your odds of success.

Two young men on a roller coaster. One looks terrified, and the other is having a great time.
(Image credit: Getty Images)

Assessing and managing financial risk is one of the cornerstones of investing and financial planning. Taking sufficient risk is necessary to grow one’s wealth. However, taking too much risk can lead to financial ruin. The key to increase the probability of financial success is identifying the risk within your financial strategy and taking the proper steps toward managing it.

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Jonathan I. Shenkman, AIF®
President and Chief Investment Officer, ParkBridge Wealth Management

Jonathan I. Shenkman, AIF®, is the President and Chief Investment Officer of ParkBridge Wealth Management and serves as a financial adviser and portfolio manager for his clients. In this role, he acts in a fiduciary capacity to help his clients achieve their financial goals.