In today’s world, investing has often become synonymous with only rich people or finance gurus and may even be looked down on by the other 99% of America. But Brad Reifler believes it doesn’t have to be so and he says that even though many things about the movie Money Monster that are true, there are still amazing opportunities that can come from investing. Investors just need to heed some words of advice before they jump into investing.
Brad Reifler’s first word of advice is not to just simply invest in the stock market, but to look at other opportunities for funds. Yes, the stock market can have some very good investments that can bring high returns, but it could also be a very volatile place to invest in. Second, Reifler says it’s just as important to know who you’re investing with as it is to choose the type of investment. This is because you don’t want to invest with a company that has a bad reputation for making profits regardless of your portfolio performance. And lastly, Brad Reifler says you have to have an investment objective and stick to it and not get sidetracked by any bells and whistles that fund managers might offer you.
Reifler has built several companies that developed quite a reputation for investment strategies. The first was a discretionary account and global derivatives management company, Reifler Trading Company. Reifler owned this company from 1982 to 2000 before selling it to Refco Inc. He also built Pali Capital, a hedge fund and broker in the equities market that actually did not place control over where clients funds were invested in, but rather helped develop an investment strategy for the portfolio managers to execute. It did well in excess of $1 billion in income and built offices all over the world. And then Reifler started Forefront Capital, a company that started out as a portfolio manager to the wealthy clients, but soon moved towards middle class investors.
Brad Reifler wanted to serve middle class investors because once he had started a college savings investment fund that he had hoped would have enough in it for his daughters when the time came to withdraw. Unfortunately, the money was actually less than what Reifler had put into it. He also once tried to invest his father’s lifesavings in a good IRA account, but he couldn’t find a good one because his father was unaccredited. So after consulting with the SEC, Reifler was able to open an alternative investment fund at Forefront Capital for even non-accredited investors who could start investing in it for as little as $1,000.