Frequent Investing Mistakes Lincoln NE

Ten frequent investing mistakes for all ages.

Ms. Phyllis E. Webb, CFP®
(402) 484-7526
1001 S 70th St
Lincoln, NE
Firm
Waddell & Reed, Inc.
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Estate Planning, Insurance Planning, Intergenerational Planning, Investment Management, Long-Term Care

Data Provided by:
Michael T. Johnson, CFP®
(402) 466-3400
6940 O St Ste 300
Lincoln, NE
Firm
Executive Wealth Management

Data Provided by:
Robert E Downey, CFP®
(402) 479-1243
1248 O St Ste 1100
Lincoln, NE
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Long-Term Care, Retirement Income Management, Retirement Planning, Wealth Management, Young Professionals
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Kurt S. Anderson, CFP®
(402) 465-3800
6940 O St
Lincoln, NE
Firm
RBC Wealth Management
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. Robert B. Lau, CFP®
(402) 420-8500
1248 O St Ste 890
Lincoln, NE
Firm
D. A. Davidson & Co
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Dale E. Roehrs, CFP®
(402) 466-3400
6940 O St
Lincoln, NE
Firm
Executive Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided by:
Mr. Ken W. Koop Jr., CFP®
(402) 474-2400
1248 O St
Lincoln, NE
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, General Financial Planning, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Service Professionals

Data Provided by:
Nathan M Rink, CFP®
(402) 484-7526
1001 S 70th St
Lincoln, NE
Firm
Waddell & Reed

Data Provided by:
Forrest Patrick Anderson, CFP®
1248 O St Ste 1100
Lincoln, NE
Firm
Morgan Stanley Smith Barney

Data Provided by:
Mr. Matthew R. Kleager, CFP®
(402) 476-3000
1225 L St Ste 200
Lincoln, NE
Firm
SMITH HAYES Financial Services
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided by:
Data Provided by:

Frequent Investing Mistakes

How do you make your money work for you? One way is by investing your money. Investments are a way to make your money grow through the stock market, investment companies, mutual funds, and retirement accounts. But, while you are looking to invest your hard-earned money in something, don’t forget to familiarize yourself with the mistakes that are more commonly made by new investors:

1. Not taking advantage of your 401(k) plan. Most employers offer a retirement plan for their employees. It can either be used from the first day of employment or there is a one year waiting period. Whatever the circumstances, contribute to the plan as soon as you are able.

2. Not having a plan. Whether it is a 401(k) plan, an IRA, or another investment vehicle, go into it with a plan for contributing and how to invest the funds. If you just put your money into it and do nothing else, you have a glorified savings account. Let your age, family responsibilities, and the market determine how you will invest the funds so that you get the highest return possible.

3. Investing too heavily on the conservative side. As an investor in their twenties, there is enough time before retirement to place the majority of your money into stocks as they have a lot of time to grow. If by some chance you do lose some money, there is enough time to recoup your losses.

4. Investing too heavily on the risky side. For older investors who are nearing retirement, it is time to move things around and reconsider where your money is invested. Now that retirement looms, this is no time to play around with risky investments.

5. Putting all your eggs in one basket. There needs to be a good mix of stocks, bonds, and other investment vehicles so maximize your money. Simply investing in one thing limits your money’s potential.

6. Falling for get rich quick schemes. For a while everyone was into those “hot tip” stocks that promised a quick profitable return. Playing with fire like that for too long will result in you getting burned and your money going up in flames.

7. Not knowing when to get out is a potential problem. For a lucky few, getting to ride the wave of a great stock to high profit is a rush and an opportunity. The trick is to know when to get out and put your money into something more stable for long-term growth.

8. Too much information can immobilize us. We don’t invest because we are on overload and don’t want to make a mistake. The only mistake here is not giving it a try. Use an investment advisor to limit financial mistakes.

9. Trying to invest with other debt. Before you are free to invest, the money must be freed up to do so. Pay off credit card debt first so that you have the cash to devote to investments.

10. How high are your commission fees? For the amount of stock trades that the typical person makes, the commission shouldn’t be expensive. If they are, find a more reasonable broker.

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