TIGER 21’s CEO, Barbara Goodstein, appeared on Fox Business to share three pieces of advice that every investor needs to know. Key takeaways include:
Identify and learn from your blind spots. TIGER 21 Members meet in groups each month to review each other’s portfolios and identify blind spots. Blind spots may be a lack of diversification or an over allocation to one’s company stock.
Learn from experience and manage your costs. TIGER 21 Members focus on learning from their and other’s mistakes to help them make decisions moving forward. They also manage costs by not paying high fees. Therefore, some of TIGER 21 Members’ favorite public equity investments include Vanguard S&P 500 ETF, SPDR S&P 500 ETF, Alphabet Inc., Amazon.com Inc., Apple Inc., and Microsoft Corporation.
Invest in what you know. TIGER 21 Members are investing in private equity because they are most familiar and comfortable with investing in the businesses they have “grown up in.” TIGER 21 Members now have an average of 21% of their portfolio in private equity; this is up from 10% only 8 years ago.