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Investing can be a risky business, but with the right strategy, it doesn’t have to be.Naturally, any investor hopes for high returns on their investments. However, achieving those high returns can often involve setting aside one’s usual tolerance for risk and making a move which could pay off big or could result in big consequences. Conversely, managing your risk may mean making investments that will provide a lower return but will also provide you with a sense of stability and steadiness helpful for building a secure future. But making money as an investor doesn’t necessarily have to involve major risk-taking. What’s needed is a balance between the desire for high returns and the need for safe portfolio diversification and risk management.  To achieve such a balance, consider the following advice from the financial and investment experts of Kiplinger Advisor Collective. Below, they offer up their best tips for making money while maintaining a strategy that helps you avoid unnecessary risks.

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It’s not uncommon during periods of high market volatility to feel worried about the future and to consider making rash financial moves in order to safeguard your savings and investments. This can be especially true when it comes to your retirement savings, as this is the money you’ve set aside for living expenses once you’ve reached retirement age and are no longer working. The move you make here, however, could be the difference between a secure retirement and a major loss of financial safety.  Before you take any action, consider the following advice from the financial experts of Kiplinger Advisor Collective. Here, they discuss their top strategies for managing your retirement savings during a volatile market and ensuring you plan accordingly for your future.

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While talks of a recession, mass job layoffs and housing market uncertainty may be making would-be investors timid when it comes to investing in the current economic climate, in any market, there will always be those industries which continue to thrive and innovate despite any obstacles. Driven by cultural and consumer needs and interests, these promising sectors remain ripe for growth and investment.  As leaders in the finance and investment community, the members of Kiplinger Advisor Collective have a few thoughts of their own when it comes to promising industries in today’s economy. Here, they share their top sectors for growth and investment—from cybersecurity to energy transition and various industries in between—and why they believe these areas show so much potential.