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Clarity Financial - A Columbia, MO fee-only financial advisor — Take Steps to Simplify Your Investment Strategy

Take Steps to Simplify Your Investment Strategy

Complicated investment strategies that have no defined structure or path are the surest way to set yourself up for investment failure. Taking the time to focus your investment strategy and simplifying your portfolio can be easy with these three simple steps.

  1. Consolidate accounts where you can. Having fewer accounts will reduce the confusion of multiple quarterly statements and make managing your money that much easier.
  2. Reduce the total number of investments you have in your portfolio. By reducing your total number of investments, you’re allowing yourself more space to truly understand what’s going on with a few key investments rather than becoming overwhelmed by 20-30 of them.
  3. Automate as many of your investments as you feel comfortable with. Contributing to your retirement on a routine basis isn’t something you should be worrying about every month. Instead, set up recurring contributions. This makes budgeting easier and ensures that making payments never falls to the wayside.

Simplifying your portfolio doesn’t have to be overwhelming and complicated. Take it one step at a time and regain control of your financial investments. Read our full article on portfolio simplification in Columbia Daily Tribune.

As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with managing their taxes, financial risks and other financial issues.

If you would like to learn more about this and other personal financial planning topics serviced by Clarity Financial please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free. 

Certified Financial Planner™ professional

Member of the Alliance of Comprehensive Planners

Member of the National Association of Personal Financial Advisors

Enrolled Agent designation from the IRS

This article is the property of Clarity Financial LLC.