Spring is here – which means it’s time for some spring cleaning. This year, in addition to tidying up your surroundings, you may also want to clean up your financial environment – and some of the same moves may apply.
For starters, get rid of “clutter” you may find in your investment portfolio. If you have too many of the same type of investments, consider selling some and using the proceeds to buy others that may help fill out your portfolio.
Also, just as may find new uses for existing items when you’re sprucing up your home, you might be able to “repurpose” some of your investments. For example, if you are taking stock dividends in cash, consider reinvesting them to increase the shares you own.
Finally, spring cleaning also gives you a chance to establish new habits to avoid future problems. As an investor, you can also develop some positive habits, such as “paying yourself first” by investing regularly each month.
Doing some financial spring cleaning today can help improve your prospect for achieving your important goals tomorrow.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
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