Portfolio management involves risk management, but it might also take a little house cleaning to stay on track.

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What's most important in the Trading Floor portfolio is risk management.

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Sometimes misunderstood, wealth management is not return or portfolio maximization but is instead risk management.

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Steil reports, however, that Keynes was not a perfect investor, particularly when it came to risk management in his personal portfolio.

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Consider the Risk Managed GEMS model portfolio from Niemann Capital Management of Scotts Valley, Calif.

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Treasurys remain a top choice for investors who value short-term safety over long-term growth because they carry negligible risk of default, says Erik Weisman, a portfolio manager at fund company MFS Investment Management.

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