Investing advice is something that everyone wants. Over the past few years, there have been many people long for help with their finances. Few people are ready for retirement, and many are scared about their future. Brad Reifler is someone who wants to invest for the future with his clients. Instead of worrying about the market swings, he wants to give his clients something to look forward to over time. He laid out some of his best investing advice recently, and it is a great example of how much a financial planner can impact the lives of other people around him or her.
A lot of the best financial advice is boring. Paying off debt, investing for the long term and thinking of the future will not get anyone excited. However, consistency is key when it comes to having success investing. Far too many people are only concerned with short term outcomes in the market. This is something that Brad Reifler teaches against. There are a lot of people who are thinking about what is going to happen next week in the stock market. Brad teaches his clients to think five and ten years down the road. In this way, he is helping his clients see the future of their work.
Buying While the Market is Down
When the stock market drops, many people pull their money out of the market. This is not a good idea for a variety of reasons. Over the long term, the best time to buy is when the stock market has a large pullback. Anyone who is looking for ways to make a high return should just think about buying when there is a dip. There are always going to be dips in the stock market, and waiting for a major pullback is a great opportunity to buy. Anyone who is looking for ways to earn a high return on their money must be willing to take on some risk. With low interest rates, it is hard to find a conservative investment paying a high yield. This is why he recommends investing in the stock market. Read more about Reifler’s achievements on LinkedIn, and be sure to follow Brad on Twitter @BradleyR.