The changing world we live in is seeing people look to take more control of their lives in almost every area, including the investments we make with specialists from around the world. Former Brazilian banking executive Igor Cornelsen is looking to bring his own type of transparent investment options to a new generation of clients through his work with Bainbridge Investments; although Cornelsen retired from the banking industry in 2011 he remains an active part of the global financial industry through his consultancy and research role with Bainbridge Investments.
Unlike many of his contemporaries, Igor Cornelsen believes he has found a strategy that allows his growing list of clients the chance to invest in the way they feel is best and in an ethical way. As a key executive for many different financial institutions in Brazil Igor was able to help these companies to navigate what was often a difficult economic situation in what is now the fifth largest economy in the world. The strategy developed by Igor remains in place and sees long term gains given a higher priority than short term investments that may yield high returns, but do not offer a long term approach that provides financial security for years to come.
Not only has Igor looked to develop a long term approach to investing for his clients, but he also believes taking a common sense approach to investing plays an important role in achieving success for the future. Cornelsen recommends on Facebook that his clients do not invest in damaged companies, and maintain a healthy respect for the rules and regulations of the part of the world an investment may be made in. The investment specialist believes in finding investments that can bring success in any part of the world, including his home country of Brazil Cornelsen believes is undervalued by many investment specialists; in the view of Igor Cornelsen, emerging economies like Brazil will play a key role in the success of future investments making up a successful portfolio for his clients. Check out Igor’s official website for more, or you can also read more about his methodology on CNN.
Brad Reifler is the founder and CEO of Forefront Capital Management. Before that, he was the CEO and chairman of his company, Pali Capital where he served between 1995 and 2008. He previously worked at Refco as a star trader before founding Pali Capital. Reifler also worked as a director at Foresight Research Solutions, Genesis Securities and the European American Investment Bank. He is currently a director at the Sino Mercury Company.
As CEO at Pali Capital, Brad guided the company to achieve over $200 million dollar profits. Under his care, the company also grew to employ over 200 workers. They also widened their scope from the US to Australia and the United Kingdom.
In a recent article published at the Huffington Post’s Contributor platform, Brad Reifler shared some financial lessons that everyone is required to learn. Here are some of these principles:
The Importance of a Budget
The same way businesses prepare budgets to plan their expenses and predict their revenue, individuals ought to figure out their possible income and how they intend to spend and save their cash. In fact, you would handle your finances better if you considered yourself as a business. If you understand the importance of balancing your income and expenses while focusing on future needs, you will be able to avoid falling victim of unmet needs and endless debt.
What Compound Interest Does
A young person who begins saving a small amount of money every week or even month can become rich by the time they reach retirement age. The interest gotten from your saved money is added to your account balance and this result in even more interest. Over a long period of time, the compounding effect will result in substantial gains and help to reduce the stress that comes with retirement.
Get Good Deals
They say,” cheap is expensive.” Paying more to get better quality stuff might make sense especially if you can comfortably afford it. Shop around for better offers or negotiate on things like life or car insurance without decreasing their value. It is good to understand the difference between an item that has a low price and one that has a good deal.
Reinforce the above financial lessons in your life then pass them to any young adult. Understanding budgets, saving, credit and other financial concepts will help you create a secure and stable financial future.