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Smart Money Move #2: Review (and Reassess) Your Investments
It’s always a good idea to review the last 12 months of your brokerage statements… just to see how you’re doing with your investments.
You may want to rework your strategy a bit — for instance, perhaps you’re closer to retirement and want to be a little more conservative. Or maybe you just received a windfall inheritance and want to make some more aggressive moves.
Or maybe you’re in the midst of a shaky economy (like NOW), and you want to move some things around.
Just be sure to take a look on a fairly regular basis — once or twice a year is terrific — to be sure everything still makes sense.
More on investing:
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9 Dangerous Money Mistakes to Avoid in the Financial Crisis
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Do's and Don'ts to Keep Your Internet Passwords Safe!
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5 Dividend Advantages
Big profits without the big risk? It's possible, even in our current economy. Here's how to take advantage. Read More.
Protect Your Money in Seven Simple Steps
Learn how 7 simple steps will protect you and your money no matter what the economy throws your way. Read More.
What You Can Do Now
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5 Warning Signs Your Bank Could Be In Trouble
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- Protect Yourself From Identity Theft!
Estate Planning
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Miss This Week's Your Money Matters?Here's what we're talking about in your weekly e-letter: |
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Child Savings AccountsWhen opening a savings account for your child, make sure their Social Security number is used as the account's tax identification number. That way, as long as your child is under age 14, interest earned will be taxed at your child's lower tax rate, not at your tax rate. This rule holds true as long as your child earns less than $1,300 a year in interest. |
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