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Podcast: My Worst Investment Ever Podcast
Episode: Kimberly Flynn - Don’t Put All Your Savings Into a Single Idea
Description: BIO: Kimberly Flynn, CFA, is a founder and Managing Director of XA Investments, responsible for all product and business development activities.STORY: Kimberly put all her $2,000 savings into a single telecom-dedicated mutual fund at the peak of telecom valuations and saw it go down to 30 cents on the dollar.LEARNING: Don’t put all your savings into a single idea. Be diversified, especially when dealing with active manager selection. Know yourself and your risk tolerance. “You’ve got to feel comfortable making investment decisions, and if you’re not, get advice from somebody...