Brad Reifler is the CEO and Founder of the hugely successful Forefront Capital. Over the past several decades Reifler has leveraged his ability and his knowledge to turn into one of the premier investors in the game. After seeing firsthand how lower income investors can struggle to come up in the financial world he decided to try and give back by dropping some useful information and advice. Reifler once was a low cost investor and his knowledge was hard fought and won.
To find success within the realm of investing Reifler advocates following a few simple tips. First off, his biggest piece of advice is to be wary about where you put the majority of your money. Don’t instantly take your savings to the stock market and just dump it all there in hopes of cashing out big. Instead become aware of how to diversify and hopefully connect with a great funds manager.
Speaking of funds manager, Reifler also advocates that you share your goals very clearly with the manager of your money. You need to have a trusting relationship that is built upon education and understanding. When your fund manager knows where you want to go with your money you will find the path much easier to follow. With a lack of proper communication it is very likely that neither party will be particularly happy with their relationship.
Reifler saw first hand how people can struggle if they don’t meet SEC standards to become an accredited investor. Reifler points out how his father in law was limited with his finances despite owning a store for 35 years simply because had didn’t meet rigorous SEC standards. In fact, Reifler even had his own troubles early on when a 529 college savings plan he had invested in turned out to lose money. It didn’t seem fair to him that you were simply voided possibilities because of your income.
So Reifler has become something of a voice of education for the 99%ers in the investment world. Following his tried and trued advice can be a great way to turn your finances around. Brad’s Twitter has more information, and can be found @BradleyR.