If one of your New Year’s resolutions is to get healthier, you may already be hitting the gym and improving your diet. But don’t forget about your financial fitness. How can you “shape up” your investment picture? Just as exercise can help build your endurance for the demands of a long life, an investment portfolio containing a reasonable amount of growth-oriented vehicles can help you move toward your long-term goals, such as a comfortable retirement. To help yourself stay healthy, you also need to maintain your ideal weight. As an investor, you should own a broad mix of investments to prevent your portfolio from becoming too heavy in any single asset. Finally, another key to proper health is getting enough rest. And you can keep your portfolio from becoming overworked by avoiding excessive buying and selling, which can result in fees, commissions and taxes. Plus, by constantly trading, you’ll find it hard to follow a unified, long-term strategy. Following these tips may help you improve your financial health in 2018 – and beyond.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
You can contact Joey at 1940 N. Jackson St., Suite 140, here in Tullahoma. 931-454-2435 or visit www.edwardjones.com.