YOUR INVESTMENT: Here are some tips to make your portfolio more tax efficient as well as make sure that it still matches the goals and risk tolerance levels set forth.
For many expat Americans in Israel, this Thanksgiving weekend is a way to reconnect with the old country and feast on turkey, stuffing and other classic holiday staples. All this is done in recognition of the first Thanksgiving when the Pilgrims gave thanks for the agricultural bounty they received and the fact that they were still alive.
The last 11 months for investors have been anything but bountiful. For the last two weeks I have been inundated with client calls inquiring about making some portfolio adjustments to both reposition their investments for the new reality of much higher interest rates and to try to create tax efficiency in their portfolios. The amount of calls dealing with this specific topic can only mean one thing: It must mean that we are approaching the end of the year.
Without doubt, this year so far has been lousy for most investors as global stock markets have tanked due to the Russian war with Ukraine, surging inflation and spiking interest rates. Most major global markets are down over 15% this year. It might be hard to believe but some good can actually come of these losses. With these market losses it’s important to be strategic in order to potentially save thousands of dollars. Here are some tips to make your portfolio more tax efficient as well as make sure that it still matches the goals and risk tolerance levels set forth.