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Business Monthly: Ten Common Investment Mistakes to Avoid

  1. Taking Excessive Risk

Many investors gravitate toward investments offering the highest potential returns while ignoring the associated risks.  If your investment loses 50% of its value during a bear market, it will take a gain of 100% just to return to break-even status.  The goal of a well-diversified, balanced portfolio is to reduce market risk while earning steady, consistent returns over a long time horizon.  Minimizing losses during downturns generally produces higher average compounded returns over a long time horizon. Read more

Parr Provides Insight to Students at U of MD Business School Event

COLLEGE PARK, MD — Christopher P. Parr, president of Columbia-based Parr Financial Solutions, Inc., was invited by the Alpha Kappa Psi, Omega Theta chapter (University of Maryland College Park) to participate in a two-part “Getting Ahead” career event along with six other well-established, highly successful professionals and executives representing a variety of fields.

The first part of the event was a “professional circuit.” Each professional conducted a series of rapid student interviews in a two-minute, quick-thinking exercise. In the second part of the event, Parr and the other professionals served on a panel responding to a series of questions from the students offering insight, understanding, and identifying ways to differentiate themselves.

“I look forward to having opportunities to mentor and work with students, and did not hesitate when invited to participate,” said Parr. “The Alpha Kappa Psi event provided a chance to make a difference, share my experiences, and meet other Mid-Atlantic business professionals.

Alpha Kappa Psi is the oldest and largest professional business fraternity in the country, starting at New York University in 1905. The Omega Theta chapter (University of Maryland, College Park) is a new chapter, created in 2007. Since its creation, it has been highly successful, winning “Chapter of the Year” in 2009, the only chapter to win the award within five years of creation, and has gained the privilege of being in direct affiliation with the Robert H. Smith School of Business.

Parr Financial Solutions, Inc, provides fee-only financial planning and independent wealth management services to clients locally as well as throughout the U.S. Services cover the spectrum of personal financial planning issues including retirement planning, estate planning, and professional portfolio management. The firm specializes in helping clients transition smoothly into retirement.

For more information, visit www.ParrFinancialSolutions.com