Brad Reifler Offers Investment Advice
Brad Reifler knows that experience is sometimes the best teacher, even if it is lessons that we do not necessarily want to learn the hard way. He says one of his earliest lessons as an investor was when he opened a college savings fund for his two daughters. When they got ready to go to college, Reifler’s About.me says the fund was worth less than his original investment.
Another lesson that Reifler learned the hard way was when he went to invest money for his father-in-law who had faithfully worked at an RV repair shop that he owned for 35 years. Brad says that he had trouble finding opportunities for his father-in-law and realized it was a problem faced by 99 percent of Americans.
A Reuters article maintains the problem stems from regulations enacted by the Exchange and Securities Commission based on a feeling in the investment community that many people were not smart enough to invest. Therefore, they say that a person must have earned over $200,000 in each of the last two years or have a net value of over $1 million excluding the value of their primary residence.
As the founder and CEO of Forefront Management Group, Brad Reifler has created a list of five tips that he thinks all investors need to remember. The first is to create goals for your investing keeping in mind your assets while considering risks, charges, and expenses. Secondly, he urges all investors to consider the safety of their money. Third, Brad urges everyone to develop a diverse portfolio without putting all their money in the stock market. Fourth, he says it is vitally important to know who you are trusting with your money and develop a business relationship with that individual. Finally, he says that while you get your goal in mind, that you should start small adding to it gradually as you see that your goal is working.
Brad has certainly used his personal experiences to his advantage. Before Wikipedia shows him founding Forefront Management Group, he founded Pali Capital serving as its CEO for eight years expanding the firm to 200 employees located in five regions of the world. As an independent investor, Brad’s first experience was in founding Reifler Trading Corporation specializing in global derivatives. There’s more information about Brad on the Forefront Group website.