The most tumultuous year of the decade is finally coming to an end. With events that shook the entire world taking place all throughout the year, one couldn’t be more happy for the arrival of the next year. But, even after all the events like Brexit and Trump being elected as US president, the market condition of 2016 fared better. Investors, especially saw huge gains and 2016 bought in relief for them as they watched their investments grow.
However, that money should not be left alone as it might lose its value in the coming year if you don’t take the right steps. Moreover, end of the year is the right time to take a look at your investment portfolio and make changes that will make your investment grow as you ring in the new year. There is plenty to do before you sit down to make plans for the next year as the LED stock ticker won’t be in your favour all the time.
Let’s have a look at some of the things that you might want to reconsider and change in your investment portfolio to reap more benefits and learn all the patterns of the led ticker display.
- Time to reassess and rebalance your bonds and stocks
The year is coming to an end and the value of the stocks and bonds never rest easy. Post election the stocks and bonds took a dive and there was plenty that changed on the financial ticker tape. So, now will be a good time to reassess your assets and their allocation. If you do have a well-balanced portfolio, now is the time to ensure that your goals for the coming year stay on track. For instance, if you were planning on having a 70-30 percent of mix of bonds and stocks, you will have to ensure that the value has not gone way off course and if it has, then you will have to take the necessary steps to bring it back on course.
- Donate the good assets
The last month of the year is all about spreading joy and making donations. And if you want to get a tax break, then what better way to give a gift then donating mutual funds or stocks. For people who have no idea how to get this tax break, the best thing to do will be open a Donor advised fund (DAF) which will help you store the money in an account and you can gradually move the shares as gifts over a period of time. However, you will be entitled to the tax break today itself. This type of fund is available at all the major stockbroker firms.
- Harvest both your gains and losses
The LED ticker tape is your saving grace if you didn’t have a great year in terms of gains. For people, you have had an income in the 15% bracket, you should think about selling parts of the appreciated funds as this will help you when it comes to save yourself from taxes. On the other hand, people who have lost money on any type of fund can sell those funds as that will help them pay off the taxes on their investment gains. This is smart step as you are actually reaping the benefits from your losses. Do not deviate from the wash sale rule though which says that IRS will be bound to write-off your sales if you try to buy same or similar securities within the 30 days of the sale.