A lot of people rely on the ‘pros’ when it comes to investing.
“Whether they ask advice from a financier friend or family, or they seek professional help from a financial adviser, there are a lot of things that the average person should know when it comes to investments,” Chris Linkas, a financial expert mentioned.
The first thing that people need to understand is that even if professionals take an in-depth study of your portfolio and the market, they do not exactly predict all the unexpected changes in the financial world.
“One of the most common mistakes is trying to double down on an investment that already experienced loss. Some investors would try to be assuming and arrogant with their decisions, and they end up on the losing side,” Chris Linkas adds.
An example of this kind of phenomenon happened in Valeant Pharmaceuticals, which experienced a double down in the last years.
Another thing to take note of, Mr. Linkas mentioned, is not to base everything in the news. “Some investors would try to operate based on the headlines. However, this is not all that accurate. Sometimes, the results appear to be the exact opposite of what you see in the media,” he adds. Although some news would be reflective of the market’s outcome, you cannot entirely base your decisions on it.
Chris Linkas is a financial expert who started his career in 2003.
In 2012, he held the position of leading a 20-employee European Credit Group. This company’s role was to provide knowledge on principal investments around the European area, most notably, Ireland, United Kingdom, Scandinavia, Switzerland, France, and Germany. They hold businesses such as shipping, real estate, LP interests, loans, leases, and several forms of investments.
His initial experience in the financial industry involved working in New York at a credit and Real Estate business. He was involved in finding debt and equity real estate opportunities in North America. His extensive portfolio and passion for the industry allowed him to gain recognition among his peers and renowned institutions.