For many of us, spring-cleaning means cleaning out our houses, but this can (and should!) extend to our finances as well. Spring is a time to look through your portfolio for under performing assets, go through your debts, and ensure your taxes are filed properly and that you’re not paying too much or too little. There are several ways to do this effectively, among them, scrutinizing how your investments are diversified, consolidating different investment accounts, rolling over any 401k’s from previous jobs, and getting rid of investments that high fees, which can cut down your rate of return on your investment income. In addition, look through your holdings for stocks you may have bought on a whim, or based on unprofessional advice from friends and family, and cut them out if they’re not performing to par. Lastly, consider hiring a financial professional to help you make the most of your money.
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8 Ways to Give Your Investments a Spring Cleaning