Money Monster, one of the biggest box office hits of 2016 is not fully based on a true story, though some people’s experiences have played into the story that unfolds.
According to Bloomberg, Brad Reifler has seen it and as an investment advisor and business leader who’s familiar with the dealings of Wall Street, he certainly has seen corruption that has played out similarly to the movie.
He’s been working to change the culture surrounding investing, and he took the liberty to tell investors how to avoid the real money monsters out there.
Brad Reifler says first of all that investors should not simply invest in the stock market. It does have high profits for stocks that do well, but it’s also highly risky and could lead to major losses. Learn more about Brad Reifler: https://finance.yahoo.com/news/brad-reifler-forefront-capital-want-165445401.html
He also says portfolio managers must stop making profits regardless of how well investor funds perform, and calls for greater accountability for them and for investors to do research on their manager. And he also says investors can only truly do well if they stick to their investing goals.
Brad Reifler began his investing career after graduating from Bowdoin College. In 1982, he started Reifler Trading Company which he managed for nearly 20 years. He started as a global derivatives and discretionary funds company and turned it to a large futures investment firm.
He also founded Pali Capital in 1995 and turned that company into an international hedge fund investment company, opening offices in several other countries overseas. He founded Forefront Capital, his current company in 2009 and has setup several subsidiaries along with it.
Brad Reifler started Forefront with the intention of building a portfolio of top 1% clients, but he soon moved to smaller income and unaccredited investors after realizing how important they were to investing.
He worked with the SEC to change regulations allowing unaccredited investors into an alternative fund. A little over a year ago, he established Forefront Income Trust to allow investors to invest in a Fund Shares or IRA for as little as $1,000.