Leslie Griesdorf: First Steps for Investing

Leslie Griesdorf is a semi-retired investor who left his decades-long dentistry career in 2004. Leslie Griesdorf enjoys learning about the stock market and often provides advice to friends and family who ask him for his investment opinions.

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Like many successful investors, Leslie Griesdorf didn’t start his stock market career directly out of college. Instead, he built his dentistry practice, saved, put money into retirement and then began investing in stocks. If you’ve similarly prepared, with a stable career, a substantial emergency fund and a secure retirement plan, you’re ready to take your first investing steps.

Below are some ways that a seasoned investor might suggest you begin your investment career:

  • Find a Professional

Even professional investors seek advisement. Find a financial professional that you trust and establish a working relationship. You don’t have to do everything your investment advisor recommends, but you should ask for his or her detailed opinions of your financial choices before you make them, and consider the information you are given.  

  • Diversify from Day One

A diverse portfolio is secure. As soon as you begin investing your wealth, you should have a diversification plan and follow it carefully. With assets divided before multiple sources, you will protect your wealth and potentially grow it more. Regular diversification check-ins are necessary, too.

Take a page from Leslie Griesdorf and use caution with your investments. Never rush in to anything and research every choice before acting, regardless of how strong your gut feeling is.

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Leslie Griesdorf: Are You Ready to Invest in Stocks?

Leslie Griesdorf is an investment professional who retired from his career as a dentist in 2004. Leslie Griesdorf had decades of experience in dentistry, but when he was ready to begin investing, he made the switch to semi-retired life.dollar-213619_960_720

If you dream of retiring from your career and investing in the stock market, like Leslie Griesdorf does, you’ll need to take preparation steps like these:

  • Plan for Retirement

Retirement is a safe investment that will take care of you during your later years. It is the first investment you should focus on, and the earlier you start saving for it, the better. Work with a retirement advisor and, if it’s available, take full advantage of any retirement plan offered by your employer, including matched contributions. Only those with retirement squared away are ready to invest in stocks.29303113472_ec403311cf_b

  • Eliminate Debt

Debt drains your finances. High interest accounts can cost you more than you’ll earn on stock investments. Pay off all credit cards and other debts with high interest rates before you start putting your money into stocks. Then, take what you were putting in to your debt payments every month, invest it and watch as your wealth grows.credit-card-309613_960_720

Take a page from Leslie Griesdorf and research investing as much as possible before you begin. Working with an investment advisor is also a wise move, as it will give you a second pair of eyes to guide your choices to minimize risk while maximizing profit.

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