It is that time of the year when Americans are setting out to plan their New Year’s resolutions. In line with a recent Fidelity Investments survey, 54% of consumers attempt to make financial resolutions for the approaching year. But the complex world of investment securities will be overwhelming to the uninitiated. Columbia Graduate School trained attorney and capital strategist, Sam Tabar has recently revealed his top investment tips to assist out all those newcomers looking to extend their net worth and plan for retirement within the year.
Sam Tabar cautions people looking to support their portfolio with commodity trading. In line with Tabar, these varieties of investments are riskier than traditional bets like mutual funds. Commodity markets will be more volatile than stock markets or mutual funds, so it is paramount that investors do their due diligence before investing in commodities. “I wouldn’t recommend commodity trading for the novice or casual investor,” says Sam Tabar. “It takes quite a little bit of research to profit in commodity trading. Commodity investors must even have the financial wherewithal to soak up the potential short-term losses often found in such a volatile sector.”
Another alternative to traditional stock markets is investing in the camera business. Social entrepreneurship is on the increase and investing in social startups is a nice opportunity to create some money while helping out others. Sam Tabar knows this firsthand, having recently invested in THINX, a socially conscious women’s undergarment manufacturer. For each pair of underwear sold by THINX, the corporate donates seven sanitary cloth pads to AFRIpads, which in turn donates the sanitary supplies to young women in Africa in need.
But irrespective of the avenue novice investors take, Tabar stresses the importance of a properly diversified portfolio. “It is simple for novice investors to urge bound up during a new and exciting investment vehicle, or a stock that’s currently outperforming its peers,” says Sam Tabar. “But all kickshaws must come to an end, and you wish to create sure that you just don’t have all of your eggs in one basket when that hot issue comes backtrack to Earth.”
Sam Tabar’s most significant piece of advice? “The best time to start out investing in the present. you are doing not want to appear back in your retirement years and need you had begun investing sooner.”
About Sam Tabar
Sam Tabar could be a prominent attorney and capital strategist located in the Big Apple. Tabar began his career as an Associate at Skadden, Arps, Slate, Meagher & Flom LLP following his graduation from Columbia Graduate 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 administrator & 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 to 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.
