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For tax purposes your investment accounts fall into three major categories, tax free, tax deferred and taxable.
Set financial goals on what you would like to accomplish with your money.
If you decide to invest in cryptocurrency, treat it as an extremely volatile speculative investment.
Researchers have found that a major threat to the performance of your portfolio is uncertainty. Investors hate uncertainty. Uncertainty leads to stress and anxiety which negatively impacts decision making.
The secret to developing an interest in spending time improving your finances is creating a vision of what you want your money to achieve.
Create a portfolio that supports your financial goals, provides liquidity for short-term needs, and gives you peace of mind. Establish an asset allocation that you can stick with through a major drop in the stock market.