The changes that have been happening in the political scene all over the world have had far reaching implications in the economic market. There has been quite some level of anxiety and uncertainty surrounding the policies that are being implemented by the new administration and naturally investors are watching carefully and calculating their moves. The success that on will have in the coming years as an investor will depend on how they assess the current situation and the steps they take to ensure that their investments are secured. Here is some advice that has been offered by Brad Reifler, one of the most trusted investment bankers of the present generation.
He states that first of all, no investor should make the mistake of putting all of their money in stocks or one form of investment. He states that while stocks are a great way to make money grow, the market is too volatile and the smallest change in politics will have shares losing their values entirely. He advises people to think about the safety of their money first and foremost before making any investment decisions.
The second tip that he offers to anyone that is thinking about investing is that they should take time and know their fund managers. He states that since these are the people that will be handling your investment, knowing them will help you have a simpler time addressing any issues that could come up. Then he states that people should think carefully about the reasons behind their decision to invest. He states that when a certain investment seems to be making success, it is best to keep investing in it.
Brad states that the experience that served as an eye opener for him was an instance where he created a 529 savings plan for his daughters’ college fund. He states that he was very disappointed when the time came for the girls to go to college and he found that he had less in the bank than he had initially invested. He now says that the 99 percent middle level non-accredited investors are his point of focus and that he wants them to have an easier time investing than he had.