As we turn the calendar over to a brand new year, now is the perfect time
to take a more in-depth look at your assets in order to get a solid grasp
on the progress you’ve made towards reaching your investment goals,
and whether or not you need to make any adjustments moving forward. The
Financial Industry Regulatory Authority (FINRA) has put together seven
tips to help you plan ahead and stay one step ahead of any potential market
changes to protect your investments, mitigate any negative impact the
changes may have on your portfolio, and capitalize on the opportunities
Know what your goals are, otherwise the path you choose does not matter. Have your goals changed over the past year, or have they remained the
same? Make sure that you prioritize and set clear goals with concrete
time frames, price tags and outcomes you desire. These steps will help
you properly plan for the upcoming year.
Your financial security should be a top priority. Don’t pass up chances to build up your personal finances over time
like having a dedicated savings account to cover unexpected expenses,
paying your credit card bill in full and on time and benefiting from retirement
or college savings tax breaks.
Rebalance and keep track of your investments. No matter how you handle your investments, whether you take care of them
yourself or if you have an adviser or broker, you need to pay close attention
to stop any minor mistake from snowballing into a massive issue. Depending
on changes in the investment environment or in your current goals, you
may consider rebalancing your portfolio.
Get to know the person managing your investments. Whether you’re simply re-checking the background information on your
current broker or investment or if you’re looking into hiring a
new financial professional, utilize all of the
resources available to get the most complete picture you can.
Protect your investments. Fraud threatens the financial stability of people across the country, but
the risk of falling prey to scams can be mitigated by understanding
commonly used scams and learning how to best protect yourself from them.
Hope for the best, but plan of the worst. Do you have a plan in place for how your investments and financial affairs
will be managed if something happens to you? While this can be a hard
subject to face, it’s important to plan for any eventuality.
At Meyer Wilson, we understand the importance of staying well informed
and prepared, which is why we constantly update our website with information
and tips for investors. Check out our extensive
video center to learn about everything from
investment dangers and
common scams to
answers to common questions about your investments, and everything in between.
Our investment fraud attorneys have dedicated their careers to providing
victims with the legal representation they need to recover their losses,
and have successfully recovered hundreds of millions of dollars in verdicts
and settlement for our clients since we first opened our doors almost
20 years ago.
Fill out our online form to request a free case evaluation or call us at one of our office locations to speak with a member of our
firm today. Every case we accept is handled on a contingency fee basis,
so you won’t owe us any money until we successfully help you recover
your lost funds.