As the holiday season approaches, many Americans are already planning their New Year’s resolutions in advance. While most of these resolutions will be goals commonly made annually such as losing weight or quitting smoking, some are planning to start investing for their retirement. U.S News and World Report revealed that Americans will need between 75 and 80 percent of their preretirement income in order to maintain their standard of living. Sam Tabar, a Columbia Law School and Oxford University alumni, is an experienced lawyer and capital strategist. He shares his wealth of knowledge on how to start investing in retirement while still young.
He starts off by cautioning potential investors to first know the pitfalls associated with commodity investment before venturing into this field. This is because commodity investment requires considerably more research that other mutual investments. This is because they tend to be quite volatile since their prices fluctuate wildly. This is the main reason why Tabar insists on diversification of investment portfolios to protect against price fluctuations that could cause a lot of losses to investors.
Investing in Startups
However, preparing for retirement does not only refer to mutual fund investments and trading floor activities. Another excellent way to generate considerable income in future is to invest in a startup company that has the potential for growth and development. Social investment can be quite rewarding but only if the startup identified has potential to grow. Sam Tabar has personally invested his money in THINX, a firm that produces fashionable panties that are specially designed for women having their periods.
Investing in startups and trading in commodities are two of many options that one can use to prepare for their retirement. Tabar believes that the first investment step is the most important one to make.
Sam Tabar has worked for Bank of Merrill Lynch in its Asia Pacific division. At the bank, he was in charge of capital strategy for the entire Asia-pacific region. Tabar is also an attorney by profession and has counseled many clients on legal issues related to hedge funds and investments. He has also worked for law firms like Schulte Roth & Zabel as well as Skadden, Arps, Slater, Meagher & Flom.