3 Key Year-End Investing Moves to Make
At this point, many of us are eager to bring 2020 to a close and move on into 2021. But before the current year wraps up, there are a few important investing moves you should consider making. Tackling these will set you up for a more financially sound year ahead.
The investments in your various accounts -- brokerage, IRA, or 401(k) -- should be invested in an age-appropriate manner. As the year winds down, take a look at your investments and make sure that's the case.
If you're in your 60s, and it's possible that you'll be retiring in the near term, you'll probably want to shift some of your assets away from stocks and into bonds, since they're far less volatile. Similarly, if you're fairly young, you don't want to go too heavy on bonds since they'll stunt your portfolio's growth. Establish an asset allocation strategy that works for you based on your risk tolerance and age rather than coast into the new year without giving your investments much thought.
Source Fool.com
