“Do not let inertia win. Take a look at your finances at the start of the year and make a resolution to examine the fees you pay and the performance of your portfolio. It’s easy to put off, but your future self will thank your current self if you do this.”
“Turn off CNBC. Ignore the pundits and prediction makers, and focus on what matters: what is actually in your control when investing. Focusing on what matters and tuning out the noise can help you become a more successful investor." Read more here:
7 Items that Generate Investment Returns."
“Investors and the financial industry love to focus on gross investment returns. But the hoopla around returns can disguise the truth: the actual return realized by an investor is net of both fees and any taxes created in generating those returns. Investments generate taxes in three core areas: within investment funds, during investment transactions, and through the type of investment account. This year, make sure you are considering taxes and fees when you look at your total investment return.”
“Make sure you contribute to your retirement account consistently throughout the year. Set up automatic transfers so you aren’t tempted to skip a month. And make sure you take full advantage of your employer’s match if one is offered, that’s free money!"
“Consolidate your old 401ks - or any retirement accounts - into an IRA whenever possible. Simplifying adds value, makes accounts easier to manage, and you often avoid unnecessary fees in the process.”
“Have a clear plan, keep costs as low as possible, reduce complexity, and maintain discipline across market cycles.”
“Keep things simple. Complexity obscures costs, performance, and overall understanding of your investments. This year make it a point to know more about your investments and the embedded risks. We can improve your understanding, help you simplify your investments, and get 2022 off to a strong start.”
“Don’t try to time the market and chase returns. Active management and higher fees lead to a drag on performance and tax inefficiency. Over the long term, passive fund strategies have consistently outperformed active fund strategies.1"
Shelburne, VT 05482
Burlington, VT 05401