Learn 11 financial moves to make in 2017
- Identify any mistakes made in 2016
- Stocks to sell, trim losses
- Review & rebalance portfolio
- Make sure you own some small caps
- Consider strategic investments in high growth areas
Spice up your portfolio with India, silver, China, tech, etc.
What can you buy low? Commodities? Uranium? Miners?
- Reduce debt
- Avoid long-term bond funds
- 30 year bonds have the most risk in a rising interest rate environment
- Save and invest more
- Savings accounts have low interest rates, investment accounts offer potential of higher compounding, but have more risk.
Think over large purchases - Do you really need a new car? - Could you invest instead?
Start a side hustle for extra income?
- Never easier to start a business
- Consider how big picture changed and how it will affect you
- New President, lower taxes? - Interest rates rising - Banks in Europe in crisis?
- Things that didn’t change
- Debt in USA - Your work? Income? Mortgage? - Your goals? - Your retirement age?
- Time, Money, Compounding Rate are the 3 things that effect your wealth.
- Time = years to retirement - Money = amount to invest - Compounding rate = % you compound money
Make it a priority to learn about investing.
To get “11 Quick Financial Tips to Boost Your Wealth”, go to www.lindapjones.com.
