In a recent article by Reuters, “Brad Reifler’s 5 Tips for Investing“, Reifler speaks directly to average Americans about investing. Currently, and historically, the investment community is made up of “1 percenters”. They invest through groups exclusive for high-income clientele known as hedge funds, public funds, and commodity funds. The Securities and Exchange Commission (SEC), in fact, have regulations set on accredited investors: Individuals with a net worth at or exceeding one million dollars or has an annual single income of $200,000 or joint income of $300,000. Despite these regulations, there are still plenty of opportunities for “99 percenters” to get involved. Reifler encourages involvement and offers these five tips:
1. Be careful on how you invest your money. Consider risks, charges, and expenses. Take an inventory of your assets and create goals.
2. Be concerned about the safety of your money.
3. Don’t put all your money into the stock market.
4. Know who is going to be investing your money. Develop trust in the manager of your funds.
5. Recognize why you’re investing. Consider the investment objective. Be careful with how much you invest. If you see something working, then add to it.