Jelica Todorovic certainly knows all there is to know about savvy financial investing. As one of the world’s premier experts in the Eastern European financial markets, Jelica Todorovic is asked daily by some of the world’s top corporations to provide her consulting services and give insight into the complicated workings of the financial world.
During her successful career Jelica Todorovic has had the opportunity to develop some highly sophisticated financial investing strategies, but she has also found that sometimes the simplest advice is still the best. Here Jelica Todorovic offers a few basic tips for individuals seeking to make wise investment choices.
- Think long term. Jelica Todorovic knows that the temptation to think short term is great. Putting a huge gamble on a hot stock tip is both thrilling and tempting, and the potential payoff should the stock go big would end all your financial worries. But this kind of thinking is fallacious at its core, says Jelica Todorovic, and amounts to a slight variation of buying a lottery ticket. High risk and high reward is fine for gamblers and card sharks, but a smart investor needs to think long term, says Jelica Todorovic. Over time, the markets rise at a fairly predictable rate, and taking advantage of that fact is much more prudent than risking it all on a tech startup run from someone’s basement, Jelica Todorovic says.
- Take manageable risks. An important corollary to being prudent is being willing to take a calculated risk, says Jelica Todorovic. That tech stock may be volatile, but on the other hand one of those was Apple, and one was Microsoft. While there is no such thing as a ‘sure thing,’ of course, Jelica Todorovic advises going with your instincts every now and then, especially when you have done your homework on a company.
- Start early. Of particular interest to those investing for retirement is the power of starting early, says Jelica Todorovic. When an investment is allowed to grow over time, it begins to earn and compound in a way that seems almost magical to many people, says Jelica Todorovic. Start investing as early as possible in your career and you will see the results begin to look very good.
This advice from Jelica Todorovic holds true at all levels of investing from the largest to the smallest. Having built a career on solid financial footing, she loves to help others achieve the same.