Making Your New Year’s Financial Resolutions

Sam Tabar is established in New York City as a capital strategist and attorney. He graduated from Columbia Law school with is Juris Doctor and upon graduating started his law career as an associate at a prominent law firm. While at the firm, he advised his clients on financial matters and issues, leading him to a new career path.

Sam left the law firm and joined the SPARX group as an investment advisor and quickly became their Managing Director and co-head of Business Development. He went on to work for several different financial companies, such as Bank of America. Tabar eventually decided to return to practicing law and caters to hedge funds and works on regulatory and compliance issues.

According to a recent Fidelity survey, fifty-four percent of people in the United States make financial resolutions for the New Year. However, for many people, the world of finance and investing is complex, complicated, and difficult to navigate. When looking to change or re-direct your portfolio, be cautious of commodity trading. In order to be successful in trading commodities, it takes quite a bit of time and research to make a profit, so novice investors should steer clear of the volatile commodity sector.

If you wish to diversify from the stock market, many people are looking to invest in privately owned businesses. Investing in startups can be a good opportunity for making money and it helps others out in starting their business and launching their ideas. When it comes to success in investing for any investor, it is most important to have a diversified portfolio. Some people may get caught up in the latest and greatest exciting investment, but those don’t always last. It is important to have a good mix of investments to see you through the ups and downs of the investment world. That way when one sector is down, you’ll hopefully also own another sector that is up. You don’t want all your money in one place, in case something happens to that investment. Not matter your age, the best time to start investing is now. Don’t focus on the past, just start saving and investing.