A significant and prolonged fall in markets that can take years to recover and if your portfolio is not properly structured could affect your financial security for years to come.

Under performance of your portfolio against the average stock market investment that could last 1, 2 or 3 years until the investment approach your manager is following recovers.

The average monthly up and down movement of your investments, which should have no affect on your financial security providing it is properly structured.

The risk of a significant and prolonged decline in the value of the stock market and its affects can last as long as 5 to 10 years and often longer.  Buying at the top of a stock market cycle can affect retired investors' financial security for the rest of their lives. 

• TAMRIS calls these risks, liability risks. They are longer term risks since they can affect the ability of your investments to meet your financial needs over long periods of time. 

Performance risk is the short term risk of under performing the main domestic stock market index due to the nature of a particular style of investment or allocation to global markets. This is a medium term risk and can last from as short as a few months to as long as a few years..

The last major risk is called volatility.  Volatility is a measure of the average monthly up and down price movement of an investment.  Investments which move up and down more erratically than others tend to be higher risk investments.  Volatility is a short term risk.  

• TAMRIS considers this to be the least important risk to an individual investor providing a portfolio is properly structured and has a direct relationship with a client's financial needs over time.