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The four stages of appreciative inquiry, in order, are
Stand-alone Risk
The risk associated with a particular asset or investment when it is not part of a portfolio, considering only its own variability of returns.
Risk Aversion
The tendency of investors to prefer lower risk in investment choices, reflecting a preference for certainty over uncertainty.
Lower-risk Securities
Investment products that are considered to have a lower potential for loss or volatility, such as government bonds or CDs.
Tolerance for Risk
An individual's or entity's capacity to endure the uncertainty and potential loss in investment values.
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