Is wanting investment risk the same as being able to bear a loss?

What advice needs to consider

Article 41 of the regime approved by Law 7/2019 distinguishes knowledge and experience, financial circumstances and investment objectives. For advised sales it includes loss-bearing capacity and risk tolerance, and provides for a suitability statement before the contract, subject to its stated exception for certain distance channels.

EIOPA explains that the financial and objective information collected requires a relevant, proportionate case-by-case assessment. This guide explains the questions' purpose; it does not assess you or recommend a product.

Sources: PGR Lisboa — Lei n.º 7/2019, versão atualizada com DL 171/2026; artigo 41.º completo, cotejado com Diário da República e lido em 02/11/2026 ↗ · EIOPA — Q&A 1642, resposta oficial final completa sobre informação relevante e proporcional na adequação; lida 02/11/2026 ↗

A preference does not explain the budget or time horizon

Marta writes “I accept risk” in her notebook. Clara asks for a second sentence: what is the money for, and when might it be needed? Marta recognises that the scheduled expense needs to be identified. Not feeling alarmed by a fall does not establish that she can wait for a recovery, or that a recovery will occur.

This fictional example assigns no profile, loss limit or suitable solution. It shows why purpose and timing should be explained rather than copying a relative’s answers or choosing an answer simply to finish a questionnaire.

Prepare two separate notes

In one note describe what you want to achieve and how you view uncertainty. In another organise the commitments and dates that restrict the availability of the money. Mark what you do not yet know; do not turn an estimate into a certainty just to finish a form.

If a question combines several concepts, ask for it to be separated. 'Can I wait longer?' and 'Can I accept receiving less money?' can clarify a discussion, but they are not a test that automatically approves a subscription.

Bring the explanation without exposing your finances

When you receive the suitability explanation, check whether it reflects the objective and circumstances you supplied. If something is wrong or an important circumstance has changed, request correction and clarification before deciding.

You can start a savings and investment insurance enquiry with RMACHADO. Do not post income, assets or documents in comments; agree the appropriate channel for necessary information. An enquiry is neither an investment instruction nor confirmation of suitability.