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Retirement Planning — conversation with a friend

Rethinking risk

CW Fong
2 min readJan 18, 2025

I firmly believe in taking personal responsibility for our financial futures. By doing so, we free up finite government resources to support those who are genuinely less able to help themselves. This belief drives me to actively encourage friends to invest for their retirement.

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However, when it comes to investing, many people hesitate because of one word — risk. “Risk” conjures images of market crashes, lost fortunes, and sleepless nights. But what if risk isn’t the monolithic threat it’s often made out to be? Understanding the nuances of risk can transform your financial outlook and, ultimately, your retirement prospects.

1. Risk Is Subjective

Risk is deeply personal. What feels risky to one person might seem like a calculated opportunity to another. For instance, starting a business might terrify someone who values stability, but for an entrepreneur, it’s a chance to create something meaningful. In investing, the same principle applies. A “high-risk” investment may seem intimidating until you fully understand its potential and align it with your long-term goals.

2. Being Risk-Averse Is a Mindset

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CW Fong
CW Fong

Written by CW Fong

I blog therefore I am. Passionate about #Singapore, #Leadership, #PublicRelations, #Retirement, and #PersonalDevelopment. Above all, I do no evil

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