Money Monster was the highly acclaimed film of 2016 that told of a famous television host who was taken hostage by an angry investor who lost money because of bad advice he was given. While the story itself is fictional, investment expert Brad Reifler says many real people have experienced similar situations.
According to Crunchbase, Brad Reifler has said the real money monster has been the profits many advisors have made from giving customers advice and charging fees despite whether or not the investments made profits or not and he is calling for that to change. So he has three guidelines for newcomers to investing that he says can help them avoid the money monster.
First Brad Reifler suggests that investors look at other ways to invest besides the stock market. He encourages investors to invest in it as part of their investment objectives, but it shouldn’t be the only place they invest. Second, he encourages investors once they’ve figured out their investment objectives to choose a reputable company to manage their funds.
He urges careful research to be done to make sure the company has a solid track record and delivers results that others can vouch for. And Brad Reifler encourages investors to stick to their investment objectives and to continue putting money in investments that are doing well.
Brad Reifler founded Forefront Capital Advisors LLC in 2010, but prior to that he was the CEO of Reifler Trading Company and Pali Capital. He established Reifler Trading Company back in the 1980s as a global derivatives and discretionary accounts company that eventually grew into a large futures investor.
Reifler founded Pali Capital in 1995 and grew that one into a large private equity firm. At this company portfolio managers used an investment strategy that didn’t tell investors where to invest but simply helped them execute the trades.
Bloomberg revealed that Brad Reifler also founded Forefront Income Trust to help fight the money monster. He had previously tried to invest his father’s money in an IRA that would earn high interest, but he found difficulty because his father was unaccredited. So Forefront Income Trust was started to help those who lacked alternative investment opportunities achieve them. Investors can invest with Forefront Income Trust for as little as $1,000.
Learn more about Brad Reifler: http://www.huffingtonpost.com/author/bradreifler-226