Brad Reifler recently announced five important tips for investing. Now, the wealthy one percent of people have the money to use high-end investment services where the companies are able to provide them with investment tips, strategies or just invest for the individual. However, for the other 99 percent, this simply is not possible. That is exactly why Brad Reifler created these five tips, and talks about them on Twitter. This way, the average Joe is able to take his or her hard earned money and invest it with the best potential of receiving a quality return on investment.
For starters, he pointed out that it is important in regards to how the money is invested. Far too many people don’t think about the risks or the charges associated with the investment. All of this can lead to some rather big problems later on. So, by being careful and considering everything, investors can safeguard their money and avoid potentially devastating problems.
The next step he pointed out is to be concerned about the safety of the money. Knowing where the money is and how it is used or maintained is important. That is why someone should never just hand over their money to a random investor and assume they are going to take care of the money.
The third tip according to Brad Reifler’s about.me page in regards to investing is to not put all of a person’s money into the stock market. While the stock market is one of the most common investment platforms, it is not always the best. If the stock market crashes, a person runs the risk of having all of their investments drop off. By diversifying a portfolio, an individual is able to safeguard their money, so if one does drop out, they are not in big trouble.
Onto the fourth step, which is knowing who is going to be using the money for investments. Having a level of trust developed is a must. If someone does not trust the investment manager with their money, they should not move ahead working with them.
Lastly, the final step in the five tips Brad Reifler gives to the other 99 percent of people who are not necessarily able to afford the top of the line investment services, is to recognize why someone is investing. An investor needs to have a purpose. This might be to afford a new home or for retirement. Everyone needs a reason for the investment, as without one someone might lose track of why they are going after more money.
All of these tips should be taken to heart by investors. Check out Brad’s Crunchbase site to see further information about what he’s done and where he’s going.