Investing advice is hard to come by. There are a lot of people who simply repeat generic advice they heard from years ago. However, the economy is much different today than it was ten or twenty years ago. Brad Reifler is someone who offers good investing advice to people who will listen. He recently talked about simple steps that everyone can take in order to be successful investing. The good news is that most of the steps are so easy that anyone can follow them. If you want to take the next step with your investing, it is a good idea to follow his advice.
Many investors panic whenever there is a major selloff in the markets. This is not a good idea, and it never does your portfolio any good. Once the stock market has dropped, that is the time to buy into the markets. Over the long term, consistent investing with a level head will yield much better results than jumping in and out of the market. This is a good lesson for anyone to learn in their investing life. Even with all of the online trading options that we have today, there are many people who still do not invest. Always make sure you are investing some of your money into the market overall.
Invest for the Long Term
Having a long term mentality is another important part of investing. There are a lot of people who simply do not think about the long term when investing. Instead of looking at the valuation of a company, people want to get a quick return. Brad Reifler tells people to think about their portfolio ten years from now. A short term crash will not have as much of an effect as many people believe. Investing will play with your emotions, but the most successful investors are able to put emotions aside and invest for the future. The good news is that Brad Reifler is offering advice to clients on how to stay invested for the future, even if there is a market crash in the near future.