The year 2018 is hopefully going to be just as powerful for investment returns as was 2017. In order to reach that level though, people need to take some personal responsibility to help maximize their own individual returns.
The Oxford Club, which is a worldwide network of people who simply try to find ways to beat stock market averages have put out some ideas for how to do well in 2018 with your investments.
Save More Money
If only all tips were these easy, life would go just swimmingly. Yes, it is pretty obvious that we all need to save more money, but sometimes a good reminder of this is really called for as a jarring way of bringing ourselves back to reality.
Re-Balance Your Portfolio
Those who were invested for 2017 very likely had a great year of returns (unless they bet against the market for some reason). Given that, it is time to take a look at how we can re-balance portfolios to make them even more appealing for the year ahead. This means taking steps to sell off the stocks that have had a nice run-up. Take the profits from those wins and invest them in the things that have not done as well. That is called re-balancing.
Watch Out For Those Investment Fees
It is really easy to think that you do not have to worry about the costs of your investing, but that is just a recipe for disaster. The true of costs of investing can be enormous, particularly if you let them spiral out of control. A lot of people think they have a great grip on things, but make sure the percentages you are paying to have someone else manage your money are not above market averages. If anything, you want to go with low-fee or no-fee funds if possible.