Anyone who invests is interested in one thing, making money instead of losing it. The founder and CEO of Forefront Capital, Brad Reifler, is acquainted with both sides of the investment market, and has some words of advice. He recently shared his insight he's gained on investing with a few tips that can put the average investor on track to becoming a very successful investor.
His advice is simple, just three things, but they can turn any average investor into part of the special one percent that have the government mandated capital to invest in public funds.
It's incredibly important to keep the safety of your money as the top factor when deciding how to invest your money. Often times, the stock market is not the best place to put all your funds. The stock market can be unpredictable and volatile, and while it's a great place to invest, only put part of your funds into the market and find other places to invest the rest of your money.
Brad Reifler says that knowing who is handling your money is key. If you are hiring a fund manager, be sure you know who they are, how they do business, and that you feel comfortable letting them handle such major financial investments on your behalf.
Finally, know why you are investing and what you want to get out of it. If you find a particular investment is highly successful, add funds to it while withdrawing from things that aren't generating the kind of return you are searching for.
Reifler's advice is pretty solid for anyone who is looking to get into investment. He began investing like the majority of people and worked his way to the top. He started with a 529 college savings plan for his daughters, however, he learned the hard way that it wasn't so simple. When it came time for his daughters to access the money and attend college, he had less money than he had originally invested. He also looked to help his father-in-law enter the investment market, and realized how limited it was for people who were not accredited by the government.
This led him to the realization that he wanted to make a change. Reifler now focuses on non-accredited investors, everyday people in the United States, and he is hoping to make a change for them.
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