LAS VEGAS, NV–MBA Capital Advisors, a firm of experienced financial fiduciary advisors serving the Las Vegas, Nevada area, works to guide investors away from three common mistakes.
To read more about the mistakes investors often make, visit https://www.mbacapitaladvisors.com/.
MBA Capital Advisors highlights three typical mistakes new investors often make that can hurt or hinder their journey toward financial freedom and security. The first is individuals often opt in and out of the stock market based on assumptions. MBA Capital Advisors states that attempting to predict the market is not only challenging, but can also be quite costly to an investor and warns against risky decision making. Missing just a few days in the market can cost investors hundreds of dollars. Second, while in some instances trading can help to mitigate losses or be a means to cash in on an upturn, trading too frequently can be devastating to long-term success due to repeated small losses and trading fees. Warren Buffett has said, “Passive investing will make you more money than active trading.” Lastly, MBA Capital Advisors see many individuals begin investing without adequate knowledge of the stock market and how it works or consulting with advisors who lack this knowledge themselves or with a lack of diversification of their stocks. The financial advisors of MBA Capital Advisors recommend researching financial advisors’ credentials and market information before beginning to invest, and diversifying their portfolios to decrease risk. To quote Sir John Templeton, “Diversify. In stocks and bonds, as in much else, there is safety in numbers.”
“With so much at stake in investing, investors cannot afford to keep repeating actions that could have serious negative consequences for their financial goals,” said Phil Randazzo of MBA Capital Advisors. “How would you live your life if you could wake up each day knowing there was enough money coming in to cover your basic needs and beyond? Our goal is to set up our clients and their families with income for life. Among my clients over the past twenty-seven years, those happiest have guaranteed pensions coming in for the rest of their lives, and those pensions aren’t crazy big numbers!”
MBA Capital Advisors is a financial fiduciary firm operating with the goal of educating and empowering their clients to learn how to control their economic destinies. MBA Capital Advisors is a fiduciary, which means they are legally obligated to do what is in the best interests of their clients, not their own. The firm employs a wide range of products and services customized for each client to help reduce their risk, achieve their goals, manage their assets, and understands that fees, tax efficiency, and diversification are key to obtaining their clients’ goals.
Individuals interested in learning more about MBA Capital Advisors and the services they offer are encouraged to visit https://www.mbacapitaladvisors.com/ or call (702) 625-4936.
Release ID: 366903