KNOW WHAT YOU OWN, ESPECIALLY IN YOUR BOND PORTFOLIOS Record low interest rates Bond portfolios are expensive Yields are extraordinarily low Watch the related WEALTHTRACK episode.
ACTION POINT
INVEST WITH SOME TRUE VALUE INVESTORS
10 VALUE FUNDS 1999- 2003 Average Annual Return Group Average +10.8% S&P 500 – .57% COMMON VALUES Owned limited number of carefully researched companies Long-term orientation with low portfolio turnover Substantial investments in their funds Watch the related WEALTHTRACK episode.
INVEST IN A KID
Watch the related WEALTHTRACK episode.
READ FALLING SHORT: THE COMING RETIREMENT CRISIS AND WHAT TO DO ABOUT IT
READ FALLING SHORT: THE COMING RETIREMENT CRISIS AND WHAT TO DO ABOUT IT – Charles D. Ellis, Alicia H. Munnell and Andrew D. Eschtruth HELPFUL PERSONAL FINANCE ADVICE FINANCIAL ADVANTAGES OF: Working longer Taking Social Security later Using home as source of retirement income Watch the related WEALTHTRACK episode.
CONSIDER ADDING A LITTLE ENERGY TO YOUR PORTFOLIO
Morningstar Energy Favorite Vanguard Energy ETF (VDE) VDE data by YCharts Watch the related WEALTHTRACK episode.
TAKE ADVANTAGE OF TAX DEDUCTIBLE GIFTS
Donate appreciated stocks or mutual funds to favorite charity Must have held for at least one year Make bequests during your lifetime Give up to $14,000 per person to as many people as you like without filing a gift-tax return Max out 401(k) plan Watch the related WEALTHTRACK episode.