Becoming a good investor no matter what walk of life you come from is really actually not as difficult as it is made out to be. Usually the thing that keeps people from investing is stories put out by the media or movies that talk about big gambles in stocks or funds that cause someone to lose everything, but investing really is not like that. Igor Cornelsen, a seasoned investor and one who’s helped many people get started often speaks about why you should invest and how the right plan can do more for you than just hoarding your money in a bank savings account. Investing for him has become a hobby and one that he believes is not difficult to learn.
Igor Cornelsen says to get started investing, you need to know what kind of funds your going to invest in, how much you plan to get to and have the right manager to get there. There are options for those who want to go into investing with no brokers, but they require a little more legwork. It may take a little homework to understand the ins and outs of some investment options out there, but usually following principles that Cornelsen advocates such as starting out small and in many quantities can help to bring longterm success. Also, accounts such as IRAs or college savings funds are usually a better idea for investing than trying to make a big trade that has stock soaring up all at once.
Cornelsen says investors shouldn’t just know why they’re investing or their investing goals, but who they invest with makes all the difference. Your managing company or bank should have a solid track record of customer assistance, giving sound advice and not having ridiculous fees that could cause greater loss should your investment struggle. But also investors should research the company they invest in to see if they have a good record of employee retention and executive leadership.
Cornelsen’s background in investing started back when he was raised and educated in Brazil. After completing his formal training, he worked as an account manager and advisor to several large Brazilian Banks and had several high net worth clients in his portfolio fund management. He retired from banking in the 1990s and spends most of his time as an independent consultant, or having leisure time on the golf course.