Risk profiling changes with age and financial goals. Younger investors can afford to be more aggressive, while those in their 40s should balance risk and catch up on investments. Beginners should take an aggressive stance. The biggest risk for a 40-year-old is not achieving financial goals and accumulating loans. Those in their 50s should assess if they have saved enough and can start reducing risk. At 60, having a portion of investments in equities can help offset any shortfall in corpus.