Simple ways to help optimize your portfolio
by Ansis Salzirnis I November 2021 I 8 min read
The end of the year provides an opportunity to shut the book on one chapter of one's life and begin another. The same is true for your finances. Here are three movements that investors should think about before the end of the year.
If you want to donate to a nonprofit organization, think about how much you want to give in order to get tax breaks. If you can itemize your deductions and have held an appreciated stock for more than a year, you could consider donating it straight to the charity. Your charitable deduction will be calculated at fair market value (subject to certain AGI limitations), and you will avoid paying capital gains tax on the appreciation. 1 The charity that receives the stock will benefit from having an asset that it may sell for cash or maintain for the future.
Schedule a year-end appointment with your Financial Advisor to discuss your present financial situation, goals, and the implications of upcoming economic changes.
If you've moved employment or retired, consult with your Financial Advisor about your options for investing in a qualified employer sponsored retirement plan (QRP), such as a 401(k), 403(b), or governmental 457. (b). Check the year-to-date status of your retirement contributions to ensure that you have taken advantage of any available tax breaks.
Getting started with investing is easy. If you learn about the basic types of investments and find the right advisor, you can begin making more informed financial choices for the future.
This information is provided solely for educational and illustrative reasons and does not constitute a solicitation or offer to purchase any security or instrument or to engage in any trading strategy. Investing entails risk, including the possibility of losing money. Because each investor's situation is unique, you should consult with your financial advisor to discuss your personal investment objectives, risk tolerance, and liquidity requirements in order to develop a suitable investment strategy.
Tradex Ltd. and its subsidiaries do not offer legal or tax advice. Please consult your legal and/or tax professionals to determine how this information, as well as any anticipated tax consequences, may apply to your circumstances at the time your tax return is filed.
Asset allocation and diversification are financial strategies that can help you manage risk. They do not guarantee investment returns or remove the danger of loss, even in a down market.
Past outcomes are not a guarantee of future results.
Copyright © 2021 Riga, TRADEX Inc.
Investing in financial markets carries a level of risk, including the possibility of losing all or part of your money, and is not suitable for all investors. TRADEX LTD would like to warn you that the information on this website is not guaranteed to be current or reliable. The statistics and pricing on the platform are not actually issued by any market or auction, but rather by market makers, and therefore prices may not be reliable and may vary from the real price at any particular market, implying that prices are symbolic and not suitable for selling.TRADEX LTD and any other supplier of data on this website take no responsibility for any loss or harm incurred as a result of your investing or reliance on the details on this website. Without the express prior written permission of TRADEX LTD and/or the data provider, it is forbidden to use, archive, copy, view, alter, transfer, or distribute the data stored in this website. The vendors and/or the exchange delivering the data on this website claim all intellectual property rights. The advertisers who appear on the website may pay TRADEX LTD based on your contact with the advertising or advertisers.