Risk Management planning strategies !

The most important strategies

1. Acceptance: Deciding to take on the risk of investing in an asset but not spending money to avoid it as the potential loss isn't significant.

2. Transference: Transferring the risk of an investment to a third party at a cost.

3. Avoidance: Not investing in an asset with potential risk.

4. Reduction: Reducing the financial consequences of a risky investment by diversifying across your portfolio. This could be within the same asset class or even across industries and assets.