Sort Risk Responses Before Recommending Action

Sort each risk into the response that best matches the next action. Avoid the risk Reduce the risk Transfer or share the risk Accept and monitor the risk Retire margin debt that exists only to fund discretionary spending Create a staged diversification plan for a 35% single-stock position Add umbrella liability coverage after reviewing net worth and exposure Keep modest interest-rate risk inside a ladder matched to spending needs Add credit freezes and dual approval on large transfers Insure a valuable art collection with updated appraisals Decline a proposed speculative crypto loan against trust assets Hold extra cash for a…

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