The first way you should put the savings from buying term life insurance to work is by building yourself an emergency fund of three to six months» worth of expenses — maybe more, if you're
really risk averse or have an irregular income.
Also, I tend to be
really risk averse when it comes to money.
If you're
really risk averse, Adam suggests a basic index fund that covers the US or global stock and bond market.
Not exact matches
And to the rest of your comment, I'm
risk averse but its not
really my
risk to avoid.
But I've never been
averse to a little
risk — after all, writing without
risk is not
really writing at all.
I'm not suggesting my portfolio's some absolute return tail -
risk hedged uber - vehicle (though I'm not
averse to all that, resources permitting), I
really mean it in the old - fashioned sense (& purpose) of a hedge fund — I worry as much about preserving my wealth, as I do about increasing my wealth.
I'm a little more
risk averse by nature so I
really wanted to make sure that I believed in the opportunity, I believed in the idea, I believed in my co-founder enough for the two of us to work side by side.
David is pretty
risk averse, so this isn't
really an option for him.