Invest for Growth. By establishing steady cash flow and liquidity, you can afford to take on more risk for higher potential returns. Innovative companies tend to have higher potential returns than large established companies, so it is important to have best-in-class strategies to capitalize on these opportunities.
Manage your taxes. Estimate your tax liability now and in the future to see if any tax management strategies can help you reduce your tax bill. Take advantage of tax-deferred accounts to manage your tax obligations. Tax-efficient asset selection and trading can greatly affect your after-tax performance.
Minimize your risk. As you have worked hard to accumulate your wealth, you should be prudent and take measured risks. Know the risk/return profile of your investments and when you need to rebalance your risk exposure.
Monitor your financial plan. You should be able to easily view your current financial situation. Ensure it is updated daily so you can make informed financial decisions and track your progress.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal.
Jesse Waters is a registered representative with and securities and advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.
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