Expert Financial Advisor Mark Kinney Discusses Why You Shouldn’t Impulsively Sell Your Mutual Fund
Seasoned retirement and financial strategist, Mark Kinney, discusses how to know when it’s time to sell your mutual fund.
Lee, Massachusetts—July 21, 2016—Founding partner of Toole, Kinney & Company, Inc., Mark Kinney, CFP®, posted a new blog entry entitled, “Knowing When to Drop Out of Your Mutual Fund.” In the post, he encourages readers not to panic if their mutual funds have a bad quarter or year, but to consider how the fund has performed over a longer period of time in order to determine whether or not it’s time to drop it.
Kinney writes, “It’s important to remember that mutual funds are designed to generate long-term profits. Because mutual funds are diversified widely over a number markets and industries, and profits from the fund are divvied out proportionally to your cohort of fellow investors, you likely won’t see exorbitant returns all at once, like with some stocks. The advantage of mutual funds, historically, has been moderate returns over time in exchange for a relatively lower risk investment. That being said, you shouldn’t impulsively drop out of your mutual fund. There are a number of factors you should consider before tapping out.”
The entire article can be found http://www.kinneywealth.com/knowing-when-to-drop-out-of-your-mutual-fund/
About Mark Kinney
Mark D. Kinney, CFP®, has been advising clients for close to 30 years on how to maximize their retirement income in a sustainable, repeatable, and verifiable manner, while minimizing risk exposure to the daily turbulent financial markets. His keen insights into conservative and income generating investment options have been invaluable to those approaching or currently in retirement. In addition to his decades of experience and financial know-how, he’s held Series 7 and 63 FINRA Securities registrations for over 25 years, holds several insurance licenses, and has held the Certified Financial Planner ™ (CFP®) designation in good standing for 20 years.
After successful careers with a number of reputable financial institutions, Kinney established Toole, Kinney, & Co., Inc., in 1999. Kinney has been cited on such national news outlets and financial publications as CNN.com, Fox Business, NBC, Wall Street Select, and The Miami Herald. He remains active in several area charities, has participated in several marathons, including the Boston Marathon in 2013 and 2014, enjoys all activities outdoors, and currently lives in Stockbridge, Massachusetts.