What is "risk" by your definition? Is risk putting money into something for your child's education and not having enough money for college or is it putting $1000.00 into something that declares bankruptcy the next week? Many people think bonds are a less risky investment. But wait until interest rates rise and see how risk free bonds are. There is risk in the stock market also. The company that made your Keurig coffee maker has traded between $82.42 and $158.87 a share over the last 52 weeks. The stock was a risk at $82.42 all the way up to $158.87. It got riskier at $158.87 on it's way to $96.00. Which one of these met your definition of risk. Any discussion of risk needs to include the following. You don't want any risk with your money, so you put it in the bank currently earning .5%. But inflation is running over 1 %, so what now is risk? Losing to inflation is a risk. My point is, until you (and your wife) have agreed on what investment risk is, offering you advice or a solution is risky.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.