MINT HILL, NC – On April 22, we observe Earth Day, which has inspired millions of people to help clean up our world. Of course, your physical surroundings are important, but you also need to consider your investment environment, too. How can you improve it?
For starters, avoid “toxic” investment strategies, such as trying to time the market in an effort to buy low and sell high. No one can really predict these highs and lows, and you can waste time, money and effort by jumping in and out of the market. Another technique to avoid is chasing after “hot” stocks – by the time you hear about them, they may already have cooled off.
Also, try to reduce “waste” in your portfolio by getting rid of investments that no longer meet your needs. You may be better off by selling these investments and using the proceeds to buy more suitable ones.
Here’s another tip: Recycle your investment dollars by reinvesting dividends into your stocks or mutual funds.
By making these and other moves, you can create a healthy investment environment – one that can help you achieve your long-term goals.
If you have any questions, please contact me at (980) 859-2549 or by e-mail at email@example.com
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor