Give the gift of financial preparedness in 2017 _ stock investor

The second present you can give yourself this holiday season is to do a little financial summary of all your assets, accounts and financial relationships. How to invest in gold coins in india This means knowing what assets you own (real estate, stocks, bonds, annuities, mutual funds, 401(k), IRAs, pension plans, etc.), and especially where those assets are held.

This may sound like basic information, but you would be very surprised at how many people I speak with who aren’t sure about where their money is, how it is invested and especially how it should be invested to meet their needs.

This present to yourself requires a little bit of time, but I guarantee that will be time well spent — as knowing where your money is and where it is invested are the first necessary steps toward allowing yourself the third holiday present on your Christmas list.


Your asset inventory roundup will let you know how many different accounts you have, and in how many different financial institutions your money is located. Is it good to buy gold on saturday Once you do this, you’ll need to start giving yourself the present of making your life easier by consolidating your assets into one or two financial relationships.

This means rolling over any former-employer 401(k) accounts into IRAs, or getting out of an old mutual fund company in favor of a discount broker such as Fidelity or Schwab. Should i invest in gold today There is just no good reason to have four, five or more different account statements, or several different brokers, or multiple IRAs or multiple mutual funds at a variety of companies.

Consolidating your investment accounts into one, or at most two, companies will simplify your life immensely, and it also will allow you to make smart changes to your holdings that will enhance your chances of success in 2017.

So, do yourself a favor this Christmas and start giving yourself these three holiday presents. How to invest in gold and silver pdf Doing so will be like having Santa coming in for a visit on a regular basis.

Only one more week is left in 2016, and that means now really is the time to think about what to do with your investments, and your current financial disposition.

To answer that, I’ve put together a short list of action steps to take that can get you on the right track to tidying up your current issues in 2016, so that you can be ready to hit the ground running at full sprint in 2017.

1) Review your asset allocation. Should i invest in gold mutual funds Do you know what percentage of your money is in stocks, bonds, cash and cash alternatives such as gold or silver? The first step toward knowing where you want to go is to know where you are now.

2) Tax-loss harvesting. Is it good to buy gold now 2015 If you have some losing, dead-money stocks or ETFs in your portfolio, then now is the time to consider a little tax-loss selling in your taxable accounts. Should i invest in gold coins Doing so can take the edge off a big tax bill come April 15.

3) Take advantage of a Roth IRA conversion. Invest in gold ireland A Roth IRA is a great way to keep more of what you have after you retire, and converting a traditional IRA into a Roth IRA might be the easiest way to do that — if your personal situation is right.

4) Give to those you love. How to invest in gold canada Did you know you could give the gift of Roth IRA’s to your adult children and grandchildren? Have you set up a 529 education savings plan for your kids or grandkids yet? How about giving to the charity of your choice? Each of these ways can reduce your overall tax burden, and now is the time to give before the calendar turns.

5) Plan your income streams in 2017. How to invest in gold nz Where will you get your income from in 2017? Will it be from your job, a business, dividend income, annuities, real estate, etc.? Now is the time to make sure you are clear on how much revenue you’ll have coming in next year. I want to invest in gold in india Knowing that will help you plan on how much you can afford to spend, and what you can afford to save.

Only one more day before Christmas, and I hope you’ve done all your shopping. Is it good to buy gold in usa Yet, amid the hustle and bustle of the holiday, it’s easy to forget that the biggest and best Christmas gifts aren’t material, but rather, “spiritual.” Regardless of your religious beliefs, the holidays are a time to celebrate life, family, good fortune… and the bringing of holiday cheer to the people you care about most. Invest in gold philippines This year, I hope you will celebrate Christmas, Hanukah, Kwanza, or even the winter solstice, by spreading love and happiness all around.

Wisdom about money, investing and life can be found anywhere. How to invest in gold and silver in india If you have a good quote you’d like me to share with your fellow readers, send it to me, along with any comments, questions and suggestions you have about my audio podcast, newsletters, seminars or anything else. Can i buy gold with credit card Click here to ask Doug.

In case you missed it, I encourage you to read my e-letter article from last week about the effects of the Fed rate hike on financial markets.