“Diversification helps to avoid unpredictable risks specific to a single company,” said Asher Rogovy, chief investment officer of Magnifina, LLC. “These risks are rare but can ruin a portfolio concentrated into just a few positions.”
“The best-known investors built their fortunes over decades with careful and deliberate research, analysis and stock selection,” Rogovy said.
“A lot of beginner investors approach stock picking from the perspective of finding an investment that won’t lose money,” Rogovy said. “While this goal is certainly important, a better approach is to find investments that will provide the best return given the risk. Space in your portfolio is a finite resource, so it’s best not to waste it on average stocks.”
If your employer offers a 401(k) match, make sure you contribute enough to get the full match. Rogovy explained, “This is free money and is almost always more impactful than any other retirement investing decision.”
“Most savings accounts in the U.S. are insured by the FDIC up to $250,000 per depositor, per insured bank,” Dutoit said. “Amounts beyond this limit are not protected by the insurance.”
According to Asher Rogovy, chief investment officer at Magnifina, research shows that a well-managed portfolio can afford to provide 4% for withdrawal nearly indefinitely.
An irrevocable trust may be the answer, said Asher Rogovy, chief investment officer of Magnifina. However, he said there are some very important mistakes to avoid when establishing a trust.
“When it comes to investing, wealthy individuals and families often have advantages that come from their investment advisors,” said Asher Rogovy, chief investment officer at Magnifina.
“Sometimes there’s an X factor, but strong businesses begin with a strong management team,” said Asher Rogovy, chief investment officer at Magnifina, LLC.
“Both companies exhibit numerous qualitative measures of investment quality.”
