Collin County Living Well Magazine Fall 2013 | Page 33

The Top 10 Mistakes an Investor Can Make
By Ken Moraif, host of the radio show, “Money Matters with Ken Moraif’’
n sports, championships often boil down to this fact: your team may have had success after success, but it’s their mistakes which determine whether they win or lose. I believe that’s true with investing, too. You have the opportunity to be a successful investor just by steering away from the small mistakes that can cost you the prize. Here’s what I believe are the top ten investor mistakes:

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1. Believing that one guarantee covers everything. When somebody says that your principle is guaranteed, does that mean your original investment amount These mistakes can be avoided. You is guaranteed, or your returns are? can be a successful investor, just by Learn the specifics. steering away from the small mistakes 2. Buying investments for tax benefits. that can cost you the prize. Don’t buy something just because you’ll get a tax break. Invest because Listen to Money Matters with Ken Moraif you’ll get a financial benefit. every weekend on the following Radio StaTax breaks are gravy, not the tions: WBAP News/Talk 820AM/96.7FM, main course. KRLD News Radio 1080, WRR Classical 3. Making a purchase or sale based on a 101.1, 770 KAAM, and 660 KSKY, The Anprevious price. Don’t make decisions swer. Days and show times are available at based on the price you invested at. www.MoneyMatters.net. You may have bought something at All expressions of opinion reflect the judgment $10.00 a share, but don’t fall of the author as of the date of publication and in love with that number. You’ve are subject to change. Information presented does not involve the rendering of personalized got to look at the future and investment advice. Different types of investments make your decision based on the involve varying degrees of risk, and there can be no assurance that any specific investment will investments’ prospects. either be suitable or profitable for a client’s invest4. Buying based on a hot tip. ment portfolio. Once you’ve heard a hot tip, it’s • All investment strategies have the potential for already cold. Last year is gone, profit or loss. and it’s not coming back. • MMWKM Advisors, LLC, is registered as an investment advisor with the SEC and 5. Owning too many of the same only transacts business in states where it thing. I meet people who have is properly registered, or is excluded or 28 different mutual funds and exempted from registration requirements. SEC registration does not constitute an enall invested in the exact same Retired or Retiring Soon? dorsement of the firm by the Commission thing. Diversify. nor does it indicate that the advisor has Register for a complimentary Financial and 6. Owning too many accounts. attained a particular level of skill or ability. Retirement Seminar and a Free Financial (
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