CHECKLIST

• Self-inflicted risk is the most common and under-assessed risk: this is the risk that you will act foolishly, or foolishly fail to act.

• Outliving your money, or having to deal with unforeseen life events, are other serious risks.

• Changing rules are a risk that a good financial adviser can help you reduce.

• Market risk can be minimised by diversifying your investments and keeping a cash buffer.

• Credit risk is reduced by researching investment opportunities with due diligence, and by diversifying your investments.

• Re-investment risk must be assessed at any point that you consider disposing of high-quality assets.