Risk refers to the possibility of an undesirable event occurring or that the outcomes of an activity may be worse than expected when undertaking that activity. From an economic or financial perspective, risks depend on the activity being performed. Generally, we can say that risks refer to the possibility of losing money or earning less than we expect. Uncertainty refers to the difficulty of knowing the future, which is unpredictable.
In the following sections, we will focus on the risks related to the most common financial operations and how you should take them into account in your financial planning
