A Step-by-Step Guide to Diversifying Your Investment Portfolio
Building a strong and diversified investment portfolio is one of the most innovative strategies for building and preserving wealth over time. Diversification helps minimize risk, balance returns, and keep you aligned with your long-term financial goals. Here's a step-by-step guide to doing it right. 1. Define Your Objectives and Understand Your Risk Profile Every strong portfolio starts with a clear purpose. Are you investing for retirement, education, or financial independence? Once you know your goals, assess how much risk you're comfortable taking. Your age, income, and financial responsibilities will help determine whether you should take a conservative, moderate, or
The Value of Financial Education
April is Financial Literacy Month, which was created by a senate resolution in 2004 to raise public awareness about the importance of financial education in the United States. This month was conceived of to combat Americans’ struggle with financial literacy and their lack of exposure to personal finance during their formative years. The primary messaging of this month emphasizes the importance of planning for a secure financial future. It can also be a time to review your personal finances and begin to improve them. In light of Financial Literacy Month, your KerberRose Trusted Advisors are taking the opportunity to discuss the importance of financial literacy and how to raise your financial IQ.
How Much Benefit Will You Get From Making Charitable Contributions?
Charitable contributions do make a difference on most tax returns we prepare for clients, although you might be surprised by how little tax is saved.