Investing can be a tricky thing, especially for those without much experience with it. Most individuals know and understand the importance of investing, but outside of financial professionals who have a career in it, knowing how to invest is not always all that easy. People want to make sure their hard earned money is safe and protected from potential problems. That is exactly why it is necessary to practice safe investing. Recently, Brad Reifler offered up some very helpful investing tips for the 99 percent of individuals who simply do not have all of that necessary financial investing experience.
For those who do not know how Brad Reifler is, he is the CEO and founder of Forefront Capital. He spends most of his time helping those who are unaccustomed to investing. After all, he believes it is the right of everyone to be able to invest and invest well, not just those with all of the money.
His first tip is to be very careful in how money is invested. Looking at risks, charges associated with the investments and expenses that come along with it are all important. This way, an investor is able to determine their specific goals for investing. This is even a side note on the investment tip. People need to have investment goals. Simply to “make money” is not the reason. It might be for retirement, or for raising money to open a business. The proper reasoning is a must.
The second tip offered by Brad is to be concerned about the safety of money. It is never wise to simply dump the money into a random account or into the hands of another person without first vetting the system and making sure it is safe. There have been far too many people who have lost all of their life savings because they simply did not look into the safety of their money.
Third is an important tip that Brad has pointed out on About.me, and it is to not put all money into the stock market. This is a common mistake many new investors make. There are many other ways to invest financially and it isn’t all in the stock market. In fact, the closer someone comes to retirement, the less they should put into the stock market as there are always risks associated with stocks.
The last two steps are knowing who is going to be investing the money and creating a level of trust with the manager of the account. This is directly tied to the first and second step. The fifth step is also directed towards the first step and it is considering the investment objectives and to be careful with how much money is invested. MarketWired writes more about what Brad Reifler has done to create Forefront Capital as a new system of investment for everybody.