Have you checked off your to-do list for the holidays? Time’s running out, which is why you might want to consider making some adjustments to your investments by perhaps realizing some gains before year-end and maybe some more in January. This way, you’re spreading your tax obligations over two tax years, not just one.
With that said, Your Survival Guy is not a fan of allowing taxes to wag the dog. Instead, I want you to invest in a way that is appropriate for you, for your risk tolerance, not tax avoidance. As you know, I always favor a balanced portfolio and use the efficient frontier as a GPS of sorts. Because my favorite three letters in investing are y-o-u. You need to be confident you are invested according to your risk tolerance, not according to how you feel the market will do next year.
Action Line: When you’re ready to talk, email me at ejsmith@yoursurvivalguy.com to set up an appointment.
Originally posted on Your Survival Guy.