An aviator's guide to lower your investment fees, improve portfolio performance, minimize your taxes, and simplify your financial life.
As financial advisors, we will help you complete the following checklist:
PREFLIGHT
Visit onedayinjuly.com for general information.
Complete an introductory phone call.
BEFORE START
Schedule an informational meeting at our Burlington, VT office, or on Zoom.
Learn the details of our investment strategy.
Discover the importance of low-cost asset class diversification.
Disconnect relationship with your high-fee broker.
AFTER START
Transfer your investments and simplify account structures.
Determine the risk profile of each investment account.
Obtain a formal, written investment plan from your advisor.
BEFORE TAKEOFF
Eliminate high-fee investment products from your portfolio.
Tax optimize your One Day In July investment plan as required.
Make initial investments into low-cost diversified index funds.
AFTER TAKEOFF
Establish online access to your investment accounts through Charles Schwab*.
Receive additional education through our newsletter & booklet.
Communicate with your investment advisor.
CRUISE
Rebalance your portfolio periodically.
Monitor tax harvesting opportunities.
Tune out the day-to-day "noise" from the financial media.
DESCENT
Establish a glidepath towards retirement.
Complete financial transition planning and cash flow analysis.
Monitor and adjust portfolio risk.
LANDING (GUMPS Checklist)
Growth of portfolio via low-cost index funds: Obtained.
Underperforming high-fee mutual funds: Avoided.
Minimization of financial fee taking: Accomplished.
Probability of a financially sound future: High.
Spending more time flying to get your $100 hamburger: Priceless.
*Note we are not directly affiliated with Schwab, and are strictly independent advisors that manage client investment accounts through their online platform.
KODJ - One Day In July Headquarters
Runways:
01/19 - South Champlain Street
10/29 - College Street
