All commodities experts know that in order to succeed in commodities investment, people have to put in ample amount of research. This is what separates successful commodities traders from those that fail. Putting good amount of research can solve half the problems of beginner traders and it is a trick that even veterans like Sam Tabar recommend. The NYC based financial strategist and attorney is known for investing in commodities that yield well but it is not a fluke that his decisions work out so well for him.
Here are some things Sam Tabar would like to share about commodities investment –
Watch Out For Poorly Managed Funds – The number one reason for sunk commodities is bad management. A number of funds have been plagued by mismanagement that has ultimately led to a lot of losses for investors. In order to avoid this, problem products should be set aside and they can be spotted from a mile away by looking at their management scores. The 75% fall of UNG and USO’s decline can all be accounted for by badly managed funds, says Sam Tabar on his Instagram. It is always better to look towards safer options when it comes to commodities trading.
Trust The Numbers – Veteran traders often forget about the basics when they have spent some years in the commodities market. The number do not lie and every change has an explanation attached to it. Instead of blindly picking commodities, people should go back to basics and work out the numbers. This would not only make them better traders but will also help them avoid losses to a large extent. Crunching the numbers is something Sam Tabar recommends because it also helps with other important things like prediction and forecasting, he’s said as much in his Vimeo videos before.
Your Gut Instinct Is Reliable – After years of working in the field of finance, Sam Tabar has developed a gut instinct. He always listens to this instinct and when something feels wrong, he trusts himself to make the right decision. However, people make the mistake of overestimating their instinct. In the field of finance, an instinct is developed after years of experience and practical knowledge. It cannot be replaced by anything else. Deciding whether one’s instinct is worth banking on is something of a subjective decision that should not be made lightly. After all, one bad call is the difference between success and failure.
Look For Reliability – Sam Tabar invested in THINX because it was reliable. Also, the message of the underwear brand and its final goal was something that could be understood by everyone – changing the lives of underprivileged women. Sam Tabar wants people to look for such reliability when they get into the field of commodity investment. He’s also interested in their charitable message though, which is why Sam set up a GoFundMe account to do his own work.
All these tips by Sam Tabar would greatly help people in their quest for success in the commodities market.