Why is that the rich people love to take high risk?

[Potuse]

The people that are extremely rich are after engaging in hig yield investment programs because they know that they are going to get the best out of it and I think one of the reasons behind this is that they have enough money to take high risk.

 

[Jonaville]

Rich people love to try out many things because they have enough money to do so. We cannot expect someone who does not have so much money to take high risks. It is not advisable.

 

[Joy123]

The rich people take high risk because they believe that being wealthy is right. They believe starting a business is the fastest way to make money, while the average person believes that starting a business is risky. The rich learn by taking risks, they know that innovation and opportunity are tied to taking risks.

 

[Grant]

Because they can afford the loss. Rich people can afford to dish out thousands+ on investments, and even if they lose on investment, they probably didn't invest a ton and are good.

But, it's not so easy for most people to just invest in whatever they want. I wish I could. A rich CEO type person could afford to invest in many startups and companies and probably does. And probably gets a tax rightoff for investing in these startups, in turn making money back.

 

[Kennysplash]

It is probably because they have a lot of money and if they lose a percentage of it they will not feel it much. So that is what gives them confidence to take such risks.

 

[eLdavis]

Rich people usually tend to take risk cause they have the needed capital to do so. The reason why others do not take the risk is cause they do not have enough to spend on themselves talkless of risking it on something they are not sure about yet.

 

[tray59]

Rich people usually tend to take risk cause they have the needed capital to do so. The reason why others do not take the risk is cause they do not have enough to spend on themselves talkless of risking it on something they are not sure about yet.

You are very right they take those risk because even if they loss there is money to recover the loss,most rich men I know are high risk takers,so I think most of their success are as a result of those risk they take

 

[joy101]

Rich people try so many different ways to make money because them have alot of money, them all high risk in order to make it, and the reason why people with no money are scared to go into high risk investment because them don't want to loss their money.

 

[Mayorla]

Rich people love to take risks because of they have enough money to spare.
Poor people are only looking for a way to survive, So most of their money goes into finding survival unlike the Rich people who have extra Money to spare.

 

[Abigael]

Rich people can afford to take risks because they have so much money. Another thing about rich people is that they know the goodness of taking their time and learning before investing. So they are so good and gaining skills needed in order to succeed in a high risk investment.

 

[Nomad]

Rich people can afford to lose a lot of money, they can lose hundreds ot thousands even millions without affecting their financial health, therefore, they can take higher financial risks.

 

[Syldan]

Actually risk is inevitable and that's what most of the rich people believe in. They believe that what so ever there is high possibilities of risk, many people won't love to engage and the outcome will be very high if they succeed.

 

[Robert90]

People who are wealthy typically take more risks for a variety of reasons. First of all, a lot of rich people got rich by carefully weighing the risks versus the rewards. They are prepared to accept risks in order to reach their financial objectives because they view danger as a chance to gain money. Second, those who are wealthy tend to be more risk-tolerant, optimistic, open, and diligent.

 

[Genie01]

That's a good question, how risk normally comes with high rewards, you have to take big risks before you can gain big rewards that's how a rich man thinks.

 

[Syldan]

The ability of someone to takes a very high risky investment, depends on the level of his income.

Rich people love high risk investment platforms simply because they have the resources and the believe, if it succeed, they have a very high returns of income.

 

[hastral45]

Rich people have high level of absorbing shock in case of any risks that surface up. They have unlimited fund they have diversifying in various packages. So one defect cannot reflect too much on them.

 

[Imran_Noori]

As people get rich they become more greedy to earn more and invest more, beside that they have alot of money so investing a portion of it in something risky is nothing to them.

 

[Shigobad2020]

The more investment you make , the more profit you are going to get and that's why the rich always invest heavily when they are sure of the investment just to make more returns .

 

[Chibson]

That is why they are rich in the first place. The truth is that anyone who is not ready to take some risks will probably end up not being rich. that is why you see rich people taking risks because it has been part of them.

 

[Syldan]

Personally I believe the rich people always love to take a very high form of risky investment because they believe the level of income they will make will.be very high if the investment succeed as they wanted.