- December 6, 2021
Who doesn’t like a fresh start, especially considering the last two years? In 2022 , you may be looking ahead for fresh investment opportunities and new ways to grow your portfolio.
In order to achieve your long- or short-term goals, it’s best to be intentional about your investments. The only way you can do that is with a plan. This may mean investing more into your mutual fund account for the next 12 months, switching your investment strategy, or opening a new investment account (like an Educational Investment Account or Personal Pension Plan). Whatever it may be, you want to start 2022 with your plan activated.
Here are a few tips to help you do that.
- Make sure your portfolio gets an annual check-up. Just as you would do to ensure your physical health, we recommend that your portfolio gets a check-up at least once a year. This should include your entire investment picture including mutual funds, government bonds, your pension or retirement plan, etc. You should determine whether your investments are on track based on your goals, if it’s time to scale your risk level up or down and if there are any adjustments you can make now to help you maximize your returns in the new year. It's not a bad idea to go over this with an investment advisor to make sure your portfolio is in tip-top shape for 2022.
- Consolidate. If you have to go to different places to find out how your investments are performing, consider starting the new year with all your investments in one place. You can do this through a Brokerage Account. Not only can you monitor all your investments through one account, but it is also an easy and cost-effective way to access opportunities in the local stock market as well as collect and reinvest returns.
- Leverage your investments. Perhaps you have a home improvement project in the pipeline, or you want to capitalize on a promising investment opportunity. Maybe you just need some additional cash. Whatever the purpose, instead of racking up expensive debt to follow you into the new year, you can use your investments as collateral for a low-interest margin loan. With RF, there are no fixed repayment terms and you get your funds within one day.
- Learn from past years. Some people see a new year as a clean slate – a chance to make different choices and create better outcomes. But it can also be a time to learn from the valuable lessons of the previous years. In investing, these lessons that can be the building blocks that help you reach your financial goals.
At RF, our Investment Advisors are here to help guide you. If you’d like to review your investment portfolio or explore how Brokerage accounts and margin loans can assist you, contact brokerage@rfgroup.com today.