“Risk comes from not knowing what you are doing”, said Warren Buffett.
I totally agree with Mr. Buffett on this.
Taking risk just for the sake of taking risk is a bad idea, rather it is stupidity.
In your both personal and professional life, you should take some amount of precaution to minimize the effects of risk.
In Investing, in order to protect your portfolio from wild fluctuations in the market, you should always opt for “margin of safety”.
“Margin of safety” as the name suggests, is a process of buying securities at a deep discount from the underlying value and holding the securities until more value is realized.
In a nutshell, it involves buying securities at a bargain price.
To read more visit : https://www.elearnmarkets.com/blog/why-should-we-buy-gold-akshaya-tritiya/