The American investor, Brad Reifler, recently provided his critique of the film; The Money Monster. Brad’s review sought to enlighten his fellow investors about the accuracy of the blockbuster movie with real life. He started off the interview by remarking about the importance of understanding the risks in the investment world. The road to success is dotted with pitfalls which could ruin your aspirations. To him, you’ll get nowhere without first understanding the investing principals.
Tips for New Investors
Brad has dealt with the one percent and with the 99% of the investing population. Therefore, he’s best suited to understand the intricacies surrounding the entire investment realm. www.reuters.com recently published an article by the guru.
Here are three interesting caveats brought out in the Reuters article: –
- Never place all your money on stock investments alone. Try and spread the risks with a diversified portfolio
- Before hiring any fund manager, take your time to know them first.
- Never invest in a niche you don’t properly understand.
On one occasion, the proud father of two started a 529 college savings plan. Years later, as his daughters were just about to join the University, he received the shock of his life upon learning that the amount in the savings plan was less than what it started out having. That ordeal, and a few others, finally led Brad to the realization that the markets were remarkably hostile to middle-class Americans. To that effect, Mr. Reifler embarked on a lifelong quest to empower these cadres of individuals from such experiences.
About Brad Reifler
Reifler is an Economics and Political Sciences alumnus of the Bowdoin College. He founded his first company, Reifler Trading Corporation in 1982. The entity, specializing in global derivatives, would eventually get acquired by Refco. Afterward, Brad went ahead to start other successful companies, for instance, Pali Capital (1995) and Forefront Capital.
While serving as the CEO of Forefront, the company recorded a total of one billion dollars in commission income from their clients. Mr. Reifler currently sits on the advisory boards of several financial institutions. These include the European American Investment Bank, Wins Finance Holdings Inc., and Sino Mercury Acquisition Corp.