The investment world is dominated by the 1 percenters in America as Brad Reifler notes from Twitter. The ones who strategize and invest in funds isn’t available for people with less capital like hedge and commodity funds. If you’re in the 99 percent of Americans who want to invest, but think you can’t—think again.
In a recent Reuters article, Brad Reifler, the Founder and CEO of Forefront Capital, offered advice for the 99 percenters who want to invest. Reifler understands the desire to grow money investing. In fact he’s seen both sides. He began his investment career in 1982 when he started Reifler Trading Corporation. Later, in 1995 he founded Pali Capital. Currently, he founded Forefront Management Group, LLC, a small boutique investing firm.
With all his success, he’s seen the other side of investing. Years ago he invested in a 529 college plan for his children. By the time they reached college age, the investment was worthless. He actually lost money on the investment. Another life lesson he learned was when his father-in-law wanted him to invest his entire life savings. Reifler soon discovered how limited the investment options were for people in the 99 percent.
CrunchBase indicates how Reifler has worked hard to change how the majority of people in America invest their money. For years his focus was on the accredited investor making $200,000 a year and a net worth of at least $1 million—excluding their house. He’s now focused on non-accredited investors by specifically planning an investment plan designed for them.
Any investor looking for a safe returning with a good investment should follow these tips:
• Be careful about how you invest your money. It’s important to think about expenses, risks and charges associated with each investment. In fact, take inventory of your assets, then create goals.
• Focus on the safety of your money.
• Never put all of your money in the stock market. Diversify is the key to growing and maintaining your investments.
• Know and trust your investment manager. You have to know who is taking care of your investments to actually know how well they are doing.
• Know why you’re investing in the first place. This means you must consider you investment objective. Always be careful with how much money you invest. Be on the lookout too. If something is working, add to it. However, continue to diversify.
Unfortunately for those in the 99 percent who want to invest, they are often overlooked. They are considered too high risk to help. Reifler knows that’s wrong. The investment world has room for everyone—regardless of income level. The tips he gives majority of the 99 percenters will help jumpstart their investments and grow them in the long- and short-term. The company website has more about what Brad is doing to change the market.