June 11, 2022 Issue, Page 8 of 8

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Community June 11, 2022 x dae Easton Delp, four year old son of Amber and Ethan Delp, is part of the Canute T-ball team and is ready for his first game of the season. Photo submitted by Michelle Knight. Savannah Brasuell and Kennedy Brasuell enjoyed the Splash Pad over the weekned. Courtesy photo. What’s your investment BRIDAL Wedding Shower: C Sunday, June 12, 2022 risk tolerance? <2) ‘The Erick First Baptist Church long run. Risk is a normal part of in- folio to include some growth- Linday Reimer) Hutehison & Torry Hutohison vesting. If you didn’t take on oriented investments to help any risk, you wouldn't have keep you ahead of inflation. This article was written by Ed- If you would like to purchase a gift to be wrapped and delivered, please call the potential to achieve higher Type of goal - You might ward Jones provided by Robert returns. But how much risk have different risk tolerances Stephens of Edward Jones Finan- OLETA‘S GIFT SHOP should you accept? for different goals. For ex- cial Advisor. 801 S. Bim Erick «580-243-3070» 905.850.0495 You don’t want to incur un- ample, if you know you need a necessary risk. So, you'll need specific amount for a particu- to assess the amount of risk lar goal in two years — such as you're comfortable taking and buying a new car or taking an then determine if this risk overseas vacation - you may level supports your ability to want to put away money in a achieve your long-term goals. low-risk, liquid vehicle. This Here are some of the key fac- type of investment might not tors in determining your own have much growth potential, capacity for investment risk: but for this goal, you are less Personality — We all have dif- interested in achieving a high ferent personalities. And your rate of return than you are in individual personality can cer- being reasonably sure the mon- tainly affect your comfort level ey will be there when you need with risk. If you enjoy taking it. So, in this instance, you may chances or pushing yourself have quite a low tolerance for outside your comfort zone in risk. But for a long-term goal, other aspects of your life, you such as a comfortable retire- could be more likely to accept ment, you may be prepared to greater investment risk, too, take more risk in the hopes of because you know that greater greater returns, given the lon- risk means greater potential ger time horizon. reward. Conversely, higher-risk By understanding your risk investments also carry greater tolerance and knowing how it potential for volatility, includ- can change over time and un- ing steep short-term declines. der different circumstances, Time - Risk tolerance can you can be better prepared change over time. When you to face investment volatility. are first starting out in your And there are certainly things career, with decades to go until you can do to mitigate risk. you retire, you may feel com- By owning a variety of invest- fortable with a certain degree ments ~ domestic and interna- of investment risk, knowing tional stocks, bonds, mutual you have time to potentially funds, government securities overcome the inevitable down- and so on - you can reduce the turns in the financial markets. impact of market volatility on they hear yot ' ee But as you near retirement, your portfolio. (Keep in mind, you might consider lowering though, that diversification your risk level and investing can’t prevent all losses or guar- more conservatively, because antee profits.) once you do retire, you'll like- In any case, the biggest risk ly have to start withdrawing money from your retirement accounts, which means you of all is simply not investing. If you are going to achieve your financial goals, you need to in- TRANSITIONS CAN BE HARD. may need to liquidate some vest for them. By understand- Help your kids avoid the pressures of trying marijuana and investments - and, ideally, you ing your own risk tolerance, won't want to have large fluc- and by making wise choices other drugs by being a good source of information. tuations in value at that time. along the way, you can stick However, even during retire- with an investment strategy Though marijuana laws are changing in some states for adults, all forms of ment, you may want your port- that can work for you in the marijuana can be harmful for a child’s growing brain. Start talking with your kids early about the risks. For tips on how—and when—to begin the conversation, visit: Edward Jones www.underagedrinking.samhsa.gov MAKING SENSE OF INVESTING Edward Jones, Member SIPC This program is funded by Oklahoma Department of Mental Health and Substance Abuse Services, Substance Abuse and 2014 W. 3rd | Elk City, OK 73644 Mental Health s Administration, the Center for SAMHSA Substance Abu: Prevention, SWODA, and Beckham County AB (580) 225-3156 miG Coalition Financial Advisor [email protected]