Richard Blair Shares 7 Steps To Being A Successful Investor

Richard Blair is the founder of Austin based Investment Advisory firm Wealth Solutions. When Blair started this firm he did so with one goal in mind, to significantly impact the lives of families by showing them how to build and protect their wealth.

 

Since opening the firm in 1994 Blair has helped thousands of families, individuals and small business owners make smart investment moves that will enable them to retire comfortably.

 

Here are the 7 steps Richard Blair believes will make you a successful investor:

 

Start Now

 

If you haven’t started investing you need to start today. The sooner you start the better off you will be in the long run. Investing is a long term game. In order to benefit from compound growth you have to be patient and give your money time to grow.

 

Diversify

 

This is something you have no doubt heard a million times. By diversifying your assets you are less likely to lose everything should one investment go bad.

 

Invest In Tax Deferred Plans

 

By investing in tax deferred plans such as profit sharing plans and 401(k)s you can avoid paying taxes on the money until you retire. This means you can invest more now and your money will grow faster.

 

Never Panic

 

There will be times when the market will fluctuate and it can incite panic all around. But you, being the smart investor you are, know that you should never panic. Bear markets come and go. The best thing for you to do is let it run its course and eventually things will be back on track.

 

Don’t Expect Miracles

 

Some of your investment decisions won’t pan out as you expected and you will more than likely lose money as a result. The key is to find the investments that are consistently under performing and get rid of them. That’s how you continue to get a return on your investments for years to come.

 

Buy and Hold

 

Most new investors will do what is known as cut and run. This means they change mutual funds on a yearly basis in an effort to acquire some of the hot performers from the previous year.

 

This is never a good idea as you may be dumping a good investment for something that is a flash in the pan. So focus on buying and holding. It is by far the smartest long term investment strategy.

 

Ask For Help

 

Never be afraid to seek help if you need it.

 

For more information, connect with Richard Blair on LinkedIn.

The Career Of Paul Mampilly

Since starting his career in 1991, Paul Mampilly has generated thousands of followers, has received recognitions across well-known platforms and has established himself as a well-respected and sought-after financial consultant across the nation over a span of 25 years. Coming from humbler beginnings, Paul Mampilly has, without a doubt, come a long way in proving he is one of if not the best at what he does. With that said, we will go over how Mampilly’s early life & education, his career as an American investor and former hedge-fund manager, and his recognitions and achievements have all been a factor for him being able to earn the tremendous success he has today.

Early Life & Education
With a career as successful as has, Paul Mampilly’s has been so far, it is interesting to see how and where he got his start from. For Mampilly, working his way up to being able to manage multi-million dollar accounts started as an analyst at Deutsche Asset Management. Here, Mampilly would prove he had a knack for his profession before, quickly switching titles by becoming a Money Manager at places like a Swiss bank and even Sears. Shortly thereafter, in 1996, he received his MBA from Fordham University in New York, proving that he had profound knowledge and skills for his profession.

Career as an American Investor and former Hedge-Fund Manager
As a financial Investor and fund manager, Paul Mampilly would find his most success. under these titles, Mampilly has been tasked with handling multi-million dollar accounts, managing billion dollar mutual funds and billion hedge funds. More importantly, he has more than profited with these accounts. Needless to say, Paul Mampilly knows what he is doing when it comes to financial advising and management. He is so well-respected for his skills that, needless to say, he is easily one of the most sought-after professional for advice in his profession.

Recognitions and Achievements
Because of his tremendous success handling money, which very few have a great skill in, Paul Mampilly has easily received numerous awards and recognitions for his work. For example, Mampilly has won the prestigious Templeton Foundation investment competition with an account that saw returns of over 70%. In addition to that, he has also been recognized on platforms such as CNBC, Fox News, Fox Business News, and Bloomberg TV just to name a few. Having said that, It comes with little doubt saying that Paul Mampilly has and will continue to find success in his field of work.