Expert Retirement and Financial Advisor Mark Kinney Says Cultivating a Diverse Investment Portfolio Minimizes Risk
Seasoned retirement and financial strategist Mark Kinney discusses the importance of spreading your investment capital among different markets as a strategy for minimizing losses and maximizing returns.
Lee, Massachusetts—April 1, 2016—Founding partner of Toole, Kinney & Company, Inc., Mark Kinney, CFP®, posted a new blog entry entitled, “The Importance of Cultivating a Diverse Investment Portfolio for Your Retirement Plan.” In the post, he offers an investment scenario to illustrate the pitfalls of an undiversified investment portfolio.
Kinney says, “To illustrate, consider this scenario: John heard from a friend that now is the time to invest in real estate. Low costs. Big returns. So John decides to pour all of his available investment capital into the local real estate market with the notion that his profits will set him up for retirement. For sometime his scheme goes well, but some months into the endeavor, the market goes south, and quickly. John can’t sell his property because no one’s buying. He’s left with devalued properties, and not liquid assets, and bleak prospects for his retirement fund.”
The entire article can be found here https://www.kinneywealth.com/the-importance-of-cultivating-a-diverse-investment-portfolio-for-your-retirement-plan/
About Mark Kinney
Mark D. Kinney, CFP®, has been advising clients on how to maximize their retirement incomes in a sustainable, repeatable, and verifiable manner for over 30 years. He has helped many clients gain keen insights into conservative and income generating investment opportunities. In addition to his decades of experience and financial know-how, he held Series 7 and 63 FINRA Securities registrations for over 25 years, and he currently holds several insurance licenses. He has held the Certified Financial Planner ™ (CFP®) designation for nearly 17 years. After successful careers with a number of reputable financial institutions, Kinney established Toole, Kinney, & Co., Inc., in 1996.
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. Kinney remains active in several area charities, has participated in several marathons, including the Boston Marathon in 2013 and 2014, enjoys spending time outdoors, and currently lives in Stockbridge, Massachusetts.