It was January 2015, that time of the year when people were beginning to plan their New Year’s Resolutions. According to that time’s Fidelity Investments report, 54% of consumers planned to make viable financial resolutions for that New Year. However, the complex investments securities industry can be overwhelming to the amateurs. The Columbia Law School-trained attorney and top capital strategist Sam Tabar luckily volunteered to reveal his top investment tips to assist all those newcomers who were looking to boost their net worth and plan for an early retirement in the New Year.
Sam Tabar, the renowned financial strategist cautioned the people who were planning to beef up their portfolio through commodity trading that it would not be a walk in the park. According to the expert, these types of investments were riskier that the traditional bets like the mutual funds. Commodity markets are more volatile than the stock markets or the mutual funds, so it is wise for investors to conduct their due diligence prior investing in that sector.
Another option of the traditional stock market is investing in the private sector. Social entrepreneurship is booming and investing in social platforms is good opportunity to make good money while assisting others. Tabar knows this first hand after having recently invested in THINX. THNX is a socially conscious women’s underwear manufacturer. For each pair of product sold by THINX, it donates seven sanitary pads to AFRIpads, which eventually donates the sanitary supplies to the needy girls in Africa.
The financial legend, however, noted that no matter the route novice investors chose, a properly diversified portfolio is very critical. He said that it is easy for novice investors to get confused up in a new and exciting investment endeavors or a stock that is currently outdoing its peers. But all good things should come to an end while you want to ensure that you do not keep all your eggs in one basket when the hot stock comes back. Tabar’s most crucial piece of advice was that the best time to begin investing is the present. You do not have to wait for your retirement years to wish you had started investing earlier.