In his most recent Reuters report, Brad Reifler offered five tips for the investor of any amount of capital. Being a man who has tasted the pain of personally having lost money in market investments, he knows what he is talking about.
It is his first suggestion that before investing, one needs to consider all of the charges, risks, and expenses that will be involved. It is equally important that the individual investor set goals after taking an inventory of their assets.
Secondly, Mr. Reifler makes mention that it is to your advantage to take firm care of the security of your funds. You are the one to be most concerned about how safe your monies are.
Number three on his list is similar to that old adage, “Don’t put all your eggs in one basket.” He is the first to tell you that putting all of your money into the stock market is not a good idea. If the market should take a severe tumble, as it has been known to do in the past, your nest age could be obliterated overnight.
His fourth suggestion is to develop a good rapport with the investor you will be dealing with. After all, this is the person that you are going to entrust with handling all of your investments in the hopes of making money. Only the best investment brokers work for the best interests of their clients.
The last remark made by Brad Reifler is to examine and understand why you are investing in the first place. What possible objectives and goals will these investments create for you. Keep a close rein on the amount you invest and if you see it is bringing in a good profit then it can be added to. If not, it is probably time to get out and place your funds elsewhere.