Wikipedia investment veteran Brad Reifler has some tips for you that can help you make a profit when investing and minimize risks. The investment banker and entrepreneur has worked for numerous big name firms such as Refco and has founded numerous startups including Pali Capital which he later sold for a massive sum. Reifler’s newest venture and focus now is on his latest startup which is Forefront Capital. This firm specializes in providing investment opportunities and guidance for non-accredited investors who lack the financial capital and muscle of large corporations and wealthy individuals.
You must take into account all the risks involved and think about all the expenses the investment will contain. Brad Reifler recommends making an inventory of all your assets and properties. Knowing what you have and creating a set of goals will help any investor invest more wisely.
Another tip from Brad Reifler is to be cautious when it comes to the safety of your money. You don’t want to lose your money to a fraudster. Brad Reifler’s next tip is to not invest all your money into the stock market. It may seem tempting to do so, especially for the new investor. From his Twitter Reifler stresses that it is important to diversify your investments.
Reifler also states that is important to know and trust the person who will be managing your investments if you are not doing this yourself. Try to establish a good communication line with the person in charge of your funds. Reifler’s final tip is to make a clear investment objective and build upon success. For tips and information about Brad Reifler’s latest startup check out this Reuters article.