There are times when you need to give up control over your financial resources to gain control. It’s a painful lesson that many small business owners have discovered later in their business since they’re emotionally vested in creating wealth through their businesses such that they become myopic regarding the big picture. At times, they stretch themselves thin while trying to spread risks across different portfolios. As Igor Cornelsen suggests, it’s important for investors to identify low-risk stocks so that they don’t go under.
For most of Igor’s career, he has served as an investment adviser overseeing various projects in Brazil. He is currently a proprietor at Bainbridge Investments. Even though he is officially retired, he is still actively involved in making critical decisions at the firm. He is also passionate about assisting people to make invaluable decisions. For that reason, Cornelsen spends most of his time offering free advice to individuals seeking help across the world. Besides, he is respected in many countries. Following the experience he has garnered in the industry, Igor Cornelsen is confident that young investors can make the right decision. Here is a segment of some of his insight.
Research is the lifeblood of every successful investment. Igor Cornelsen urges investors to research the ideal business or stocks they are about to put their money into instead of rushing into business based on emotions. News will feature current market conditions. Cornelsen is, however, advising you to check the economic trends of the stock as well as the performance of the company before signing up. It’s vital to learn how to predict the future accurately.
Diversification is another strategy that Igor Cornelsen advised his clients to apply. When individuals invest in one industry, they risk the entire portfolio implying that in the case of a disaster, they shall lose everything they have made.
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