You’ll also want to determine when you’ll check in on your mutual funds’ performance. If it’s drifted from your desired percentages, you may choose to buy or sell certain investments to get you back in good standing. This keeps you from taking on a more aggressive or conservative portfolio than you intend, which can affect your future returns. As you start buying mutual funds, you should already understand when and why you’ll be selling them in the future to minimize any tax consequences. For tax-advantaged retirement accounts, you’ll want to look for maneuvers that let you keep down the amount you may owe in income taxes.

Source: Daily Sun January 14, 2021 18:56 UTC