Even in today’s mobile world of e-commerce, acquiring and building monetary portfolios remains one of keys to success in life. In addition to being about to generate money, many are now looking for ways to build on their cash stockpile.
To that end, understanding how to invest and manage your financial portfolio becomes an even more crucial part of one’s life. However, given the diversity financial market available nowadays, few are able to navigate their way their through the myriad of options.
So getting advice from a private investment firm such as The Oxford Club can be quite a useful source of information for those trying to build up their equity. Recently, the education arm of The Oxford Club, Investment U, came out with an article detailing three simple steps people can do in order to generate good returns for 2018.
In the article, The Oxford Club chief financial strategist Alexander Green outlines three simple measures people can take if they are worried that 2018 may not be as strong a financial year as was 2017.
Green’s first step is for Americans to save more since too many are counting on Social Security to see them through their later years. However, it is better to save now in order to build for a larger nest egg in the future.
Green also suggests cutting costs with your investments, meaning to cut down on payments to investment managers. One way is to take out cash from investment portfolios and stick them in fixed long-term options such as bonds. That way, there is less cost whenever is move is made in regards to your portfolio.
Finally, Green notes the past nine years have been good for the U.S. stock market, but all things may come to an end. The Oxford Club strategist suggests rebalance of portfolios. If you have assets that have done very well in recent years, now might be the time to sell high and put them into assets which may be lagging now, but could improve through the next economic cycle.
Such simple advice can come in handy for many who are looking to maximize their financial portfolio in the long run.