Sam Tabar Reveals Investment Tips for the New Year
NEW YORK, Jan. 14, 2015 /PRNewswire/ -- It is that of the year when Americans are beginning to plan their New Years Resolutions. According to a recent Fidelity Investments survey, 54% of consumers plan to make financial resolutions for the coming year. But the complex world of investments securities can be overwhelming to the uninitiated. Columbia Law School trained attorney and capital strategist Sam Tabar has recently revealed his top investment tips to help out all those newcomers looking to increase their net worth and plan for retirement in the New Year.
Sam Tabar cautions people looking to beef up their portfolio with commodity trading. According to Tabar, these types of investments are more risky that traditional bets such as mutual funds. Commodity markets can be more volatile than stock markets or mutual funds, so its is paramount that investors do their due diligence before investing in commodities. "I would not recommend commodity trading for the novice or casual investor. It takes quite a bit of research to profit in commodity trading. Commodity investors must also have the financial wherewithal to absorb the potential short term losses often found in such a volatile sector," says Sam Tabar.
Another alternate to traditional stock markets is investing in private business. Social entrepreneurship is on the rise, and investing in social startups is good opportunity to make some money while helping out others. Sam Tabar knows this first hand, having recently invested in THINX, a socially conscious women's undergarment manufacturer. For every pair of underwear sold by THINX, the company donates seven sanitary cloth pads to AFRIpads, which donates the sanitary supplies to needy young women in Africa.
But no matter the avenue novice investors take, Tabar stresses the importance of a properly diversified portfolio. "It is easy for novice investors to get wrapped up in a new and exciting investment vehicle, or a stock that is currently outperforming its peers. But all good things must come to an end, and you want to make sure that you do not have all your eggs in one basket when that hot stock comes back down to Earth," Sam Tabar added. And Sam Tabar's most important piece of advice? "The best time to start investing is the present. You do not want to look back in your retirement years and wish you had began investing sooner."
About Sam Tabar
Sam Tabar is a prominent attorney and capital strategist located in New York City. Tabar began his career as an Associate at Skadden, Arps, Slater, Meagher & Flom LLP following his graduation from Columbia Law School. While at Skadden, Tabar counseled clients on hedge fund formation and structure, investment management agreements, private placement memoranda, side letters, employment issues, and regulatory and compliance issues. Tabar joined SPARX Group Co./PMA Investment Advisors in 2004 and quickly rose to become its Managing Director & Co-Head of Business Development . Tabar later joined Bank of America Merrill Lynch as its Director and Head of Capital Strategy for the Asia-Pacific Region. Tabar returned the the legal field in September 2013 and joined Schulte Roth & Zabel LLP as a Senior Associate catering to hedge funds, fund formation and structure, and regulatory and compliance issues. Tabar left the firm in August 2014.
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