Go ahead and celebrate the fact that you have made it into the new year. If you were someone who was invested in the markets in 2017, then congratulate yourself once again. It is clear that you made some good choices on that, because you were very likely to have made a lot of money in the market. Now, you should take the advice from the Oxford Club about how to make 2018 even better.
Save More Money
There is so much more to do than just invest, you have to start by saving up money. Making small sacrifices can help you get to a place where you have more money to put away in the market.
You should eliminate any credit card debt that you have as well as avoiding things like going out to eat too often or anything else that you end up spending money on too often when you do not need to.
Cut Down Your Investment Costs
There are a lot of hidden fees in investing with some of the brokers out there. If you are not careful, they will take full advantage of you. Avoid falling for these traps by always having knowledge of how much you are spending on fees. Cut down those costs by only investing in funds that are low-fee or have no fees at all.
It Is Time To Re-Balance
Re-balancing a portfolio is something that a person ought to do at least once per year. It is the best way to take off some of the profits that you obtained from the previous year and put that money to work in the things that did not quite work out like you might have hoped in the past year. Do this, and you are setting yourself up for a great 2018.
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