2020 has been a year of unprecedented change and uncertainty in the investment world. The pandemic has upended markets and challenged even the most seasoned veterans of the industry. However, despite the turmoil, the future of resource investing is looking bright. To help independent investors navigate the coming years, we’ve collected five expert tips from some of the top experts in the field. In the following article, they provide their insights so that resource investors can prepare for a successful 2024.
First, Steve Dinett, Financial Strategist and Author of “Smart Investing: A Guide to Long Term Wealth Building,” stresses the importance of diversification. He recommends that investors consider investing in multiple asset classes in order to spread out their risk. He especially recommends investing in stocks, bonds, ETFs, and commodities. This will ensure that you are not overexposed to any one sector, while providing access to various types of returns.
Second, Nicola Graham, President of Graham Power Capital, advises investors to take a long-term view on their investments. She emphasizes that it is important to look past short-term movements in the markets and focus on the big picture. By taking a more patient approach, she believes that investors will be able to identify and capitalize on future trends in the sector.
Third, Mike Carbuccia, Founder and CEO at Money Tree Investing, suggests that investors focus on the quality of investments rather than quantity. He believes that investors should prioritize investments with strong fundamentals and a solid track record. Carbuccia also cautions investors from chasing after investments that are priced too cheaply, as this could expose them to additional risk.
Fourth, Jim Weiss, Chief Investment Officer at RiskMat Asset Management, recommends investors rebalance their portfolios as needed. Rebalancing is especially important in a volatile markets, as it allows you to take profits from your winners and reinvest them in areas of opportunity. It is also important to make sure that your investments are properly diversified, as this will ensure a more balanced exposure to risk.
Finally, Crystal Sacca, Financial Advisor at Assured Financial Solutions, advises investors to monitor their performance and make adjustments as needed. She recommends both tracking performance on a regular basis and taking the time to reevaluate the composition of your portfolio. This will ensure that you are always taking into account the current market conditions and making the most of your investments.
Resource investing is a fantastic way to build long-term wealth, but it’s important to approach the markets with caution. By following these five expert tips, you can ensure that you are making informed decisions and positioning yourself to achieve success in 2024 and beyond.
2020 has been a year of unprecedented change and uncertainty in the investment world. The pandemic has upended markets and challenged even the most seasoned veterans of the industry. However, despite the turmoil, the future of resource investing is looking bright. To help independent investors navigate the coming years, we’ve collected five expert tips from some of the top experts in the field. In the following article, they provide their insights so that resource investors can prepare for a successful 2024.
First, Steve Dinett, Financial Strategist and Author of “Smart Investing: A Guide to Long Term Wealth Building,” stresses the importance of diversification. He recommends that investors consider investing in multiple asset classes in order to spread out their risk. He especially recommends investing in stocks, bonds, ETFs, and commodities. This will ensure that you are not overexposed to any one sector, while providing access to various types of returns.
Second, Nicola Graham, President of Graham Power Capital, advises investors to take a long-term view on their investments. She emphasizes that it is important to look past short-term movements in the markets and focus on the big picture. By taking a more patient approach, she believes that investors will be able to identify and capitalize on future trends in the sector.
Third, Mike Carbuccia, Founder and CEO at Money Tree Investing, suggests that investors focus on the quality of investments rather than quantity. He believes that investors should prioritize investments with strong fundamentals and a solid track record. Carbuccia also cautions investors from chasing after investments that are priced too cheaply, as this could expose them to additional risk.
Fourth, Jim Weiss, Chief Investment Officer at RiskMat Asset Management, recommends investors rebalance their portfolios as needed. Rebalancing is especially important in a volatile markets, as it allows you to take profits from your winners and reinvest them in areas of opportunity. It is also important to make sure that your investments are properly diversified, as this will ensure a more balanced exposure to risk.
Finally, Crystal Sacca, Financial Advisor at Assured Financial Solutions, advises investors to monitor their performance and make adjustments as needed. She recommends both tracking performance on a regular basis and taking the time to reevaluate the composition of your portfolio. This will ensure that you are always taking into account the current market conditions and making the most of your investments.
Resource investing is a fantastic way to build long-term wealth, but it’s important to approach the markets with caution. By following these five expert tips, you can ensure that you are making informed decisions and positioning yourself to achieve success in 2024 and beyond.
