How to Manage Your Financial Risk

Financial security is something everyone is after. But economic instability, job cuts, and Wall Street losses all make for a worrisome environment.

In times like these it is critical to minimize risk and maintain a measure of financial safety. This means analyzing expenses, seeking diversification, and scrutinizing spending.

What are some things you can do to limit risk? How can you cut unnecessary spending? Are you diversified enough?

The Morningstar Investment Research Center has published a brand-new guide to help answer those questions. Topics include:

• Are You Adequately Insured Against Risk?
• How to Set Up an Emergency Fund
• 101 Ways to Cut Expenses
• Is Your Mutual Fund Taking Too Much Risk?
• Why Diversification Still Matters
• Setting Up Your Budgeting Plan/Budget Worksheet

The title of the guide is How to Manage Your Financial Risk and is available for you to view and/or download.

Morningstar Investment Research Center is great tool for new and veteran investors. It's chock full of unbiased analyst reports, tools for evaluating your portfolio, and lessons on how to invest. The best part is that it's free to all valid library cardholders! Begin now or learn more.