On the 167th episode of Listen In With KNN on Fox Sports 1340AM, host Kelsey Nicole Nelson welcomed Investment advisor and business owner Jarrett Felton to the show.
The current resident of Rochester, New York is in his 17th year as an investment advisor and has previously worked for MetLife and Merrill Lynch Wealth Management. Felton developed the passion as an investment advisor when his mother was battling breast cancer back when he was 23 years old. He was helping her navigate through the financial hazards that she had and turned it into his life’s mission.
“It’s kind of interesting that sometimes through random trials and tribulations, you kind of find your way. Fast forward to today, a lot of the work that I’ve done after working for two Fortune 500 companies on a global wealth management perspective even spending some time in the security side with regards to insurance companies. I saw how the risk management works, meaning the insurance side as well as the investment and lending side works has brought me full boat,” Felton said. “I say I’m here for a reason and it has a lot to do with the fact I have been able to marry my passion, profession and purpose.”
As a result of his experience, he has his own company called Invessent Wealth Management in which it’s a marriage between investment and essence. Its mission is to express that there can be legitimacy when it comes to people investing in their way of life.
“If you’re going through life or your upbringing that you surround yourself with people that are able to help you make good decisions. If you can’t do it yourself, reach out to someone that you love and trust. You gotta make sure that you have not just the foundation but you have the right circle around you,” he said.
One of the biggest challenges that he sees when it comes to investment is that people are glamorizing money and losing sight of the fact that it’s a tool. If used correctly investing can be a huge support and navigation tool. For those who want to start on this path they can check out anz cryptocurrency and see how this can be built upon to get them beginning on their financial portfolio for the future.
“Money is just really to help you get from point A to B. But somehow in between A and B, people have gotten lost and unfortunately as Biggie Smalls would say, ‘more money, more problems.’ The more money people make and the faster they make it or in the case of athletes in a shorter timespan, money comes fast,” said Felton.
Recently, there was a 400 percent spike in GameStop shares due to amateur traders buying up stock from Reddit’s WallStreetBets forum. As a result, it encouraged people to take a risk by spending money on stocks, and unbeknownst to many people, there are lots of different stocks to choose from too. Depending on how much money you want to make, investing in Rheinmetall shares could help you to get a higher return on investment, provided that you invest your money wisely. But you shouldn’t do it where there can be a risk of losing a substantial amount of money.
“Number one is people that have never invested before have decided to throw their hat in the race and get in during a time where the stock market is the highest that has ever historically been. The other side of the same coin is unfortunately people are using money that they have no business using meaning that money should be used elsewhere to make sure bills, mortgages, rent, car, student loans, credit cards are paid. The two things that I’ve seen that are an issue is people that have never invested are deciding to jump in on something speculative,” he said.
Felton recommends to those who want to invest to have an ultimate goal because it’ll dictate what it is that they want to invest in. If they’re wanting to look at the online services available to them when they finally decide to throw their hats in the ring, they may want to check over here to see how SoFi can help people get to grips with the world of investing. One of the emerging areas of investing that you may want to get to grips with is the world of cryptocurrencies – where fortunes can be made. You may want to check out these interesting Bitcoin Statistics to see how the dominating currency is faring at the moment and what the various trends are.
“Once you figure out our goal in how much we need per month, then that will ultimately dictate the type of investment. It could be in a form of a stock, bond, exchange traded fund or real estate. I think it’s really a matter of what it is that your goal is and then it is the type of investment that you wanna make. You could invest in yourself and start your own business.”
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