Skip to content

Reset for the New Year

by Financial Design Studio, Inc. / January 1, 2018

Reset for the New Year

Like every other January 1st, we find ourselves looking back over the past year and looking forward to the new year.  As is common, we find ourselves pledging to get back to healthy habits and start afresh.  A new year offers the ability to turn the calendar and set a new starting point.

And just like those other healthy habits this is necessary to review when it comes to your investment portfolio too.

Changes may be required after looking back over the past year.

Since this past year provided gains from investment performance, you may find that some sectors or holdings have too much of an allocation due to the growth.  Some holdings compared to others may need trimmed back or increased to reallocate to an appropriate diversification.

Changes may also be required when you think ahead to the new year.

If this year holds some changes ahead in your lifestyle or career you may need to make some adjustments to plan ahead.  There can be many reasons; retirement, change in your family’s health, need for income or the ability to be saving more.  Any of these changes require thought for how to invest additional funds or how to manage the need for withdrawing funds.

As we have shared in past weekly updates we do believe that 2018 holds potential to be another strong performing year in the investment markets.  So it only makes sense that a look into your portfolio is necessary to start the year off right to make the most of the year ahead.

Some areas we will be reviewing include but aren’t limited to risk tolerance, cash needs, diversification, and even tax planning.  Because of the recent tax reform it will be important that you are planning ahead to take advantage of every itemized deduction you still can or planning for the outcome of accepting a higher standard deduction.

Whatever your situation, plan ahead to make the most of another year.  We wish you all the best as you consider starting afresh for 2018!

 

VIEW NEXT

fds new year taxes II


Ready to find out more?

Contact us today for a free 30-minute consultation!

Recommended Reading

Is the Bear Market Over?

Markets have rallied off the bottom causing investors to ask, "Is the 2022 bear market over?" We look at what's happening with the economy and what the bond market is telling us about a potential recession. Then we dive into different types of bear markets and give our perspective on what to do if the...

Will we get relief from inflation

Will We Get Relief From Inflation

Inflation is on fire with prices going up everywhere. Is there any relief from inflation on the horizon? In this month's newsletter we look ahead to the rest of 2022 and speculate that we may have a brief respite from inflation.