Happy Monday. Want to get away? Hang in there. You have a few items to check off this week. Let’s get to it.
Now is a perfect time to think about the efficient frontier (EF) and your stocks. Do you have too much? Do you want to lighten up before the next stage of this holiday season?
Run your finger along the EF line. Does your stock portfolio look like Rudolph taking flight? Are you flying too close to the stars for your comfort level? Do you need to ratchet it back a bit?
Consider your situation and ask yourself how you would deal with a major pullback. Then develop a plan and get to work.
Your Survival Guy is not a fan of letting taxes wag the dog. There’s nothing wrong with taking some gains and keeping some aside for the tax man. Maybe do half of your selling now and the other half in a month or so to spread the gains over two tax seasons. Something you might want to review with your accountant.
Action Line: Time flies. Beat inertia. Don’t fly blind. You have a responsibility to yourself and your family. When you want to talk, let’s talk. Email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.