Kimberly Flynn - Don’t Put All Your Savings Into a Single Idea

<p><strong>BIO: </strong>Kimberly Flynn, CFA, is a founder and Managing Director of XA Investments, responsible for all product and business development activities.</p><p><strong>STORY:</strong> 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.</p><p><strong>LEARNING:</strong> 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.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“You’ve got to feel comfortable making investment decisions, and if you’re not, get advice from somebody who can give you the right guidance.”</strong></blockquote><blockquote class="ql-align-center">Kimberly Flynn</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/kimberlyannflynn/" rel="noopener noreferrer" target="_blank"><strong>Kimberly Flynn</strong></a>, CFA, is a founder and Managing Director of <a href="https://www.xainvestments.com/" rel="noopener noreferrer" target="_blank">XA Investments</a>, where she is responsible for all product and business development activities. XA Investments has a proprietary closed-end platform and a consulting practice to assist clients with developing US and UK-registered closed-end funds. Previously, Kim was Senior Vice President and Head of Product Development for Nuveen Investments’ Global Structured Products Group.</p><p>Kim received her MBA degree from Harvard University and her BBA in Finance and Business Economics, summa cum laude, from the University of Notre Dame in 1999. Kim earned the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and CFA Society of Chicago.</p><p>Kim was recently selected to serve on the Notre Dame Wall Street leadership committee. She also serves as secretary of the Chicago Symphony Orchestra Women’s board executive committee and on the advisory board of Youth Guidance’s Becoming