Introduction
It is hard for me to learn how to define my risk tolerance and time horizon. I am a 53 years old Canadian citizen, and I have to learn how to define my risk tolerance and time horizon as an investor. I just started to invest on equities from May 2019.
Risk tolerance
I like to take some risk, otherwise I could not support myself even though I work full time last 10 years.
I think that I can take more risk than I should. I need to learn how to invest, not speculation.
From 2010 to 2019, my risk tolerance is zero. I put all money 401 K and IRA into capital preserve or Amtrust bank CD.
Time horizon
I do think that it is important for me to learn to live frugal life style. No travel of road trip, airplane travel, clothing shopping. Keep it minimum. I like to have freedom to have free time, so I can learn how to invest, read books and build good confidence on finance, investment, financial planning.
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