The Oxford Club is an independent financial publisher whose goal is to help their members grow and protect their wealth. The Oxford Club found that 2017 was a great year for equity investors, but 2018 might not be since there are no guarantees in the financial market.
With that being said, The Oxford Club suggests three steps to make higher returns even if the markets don’t perform well this year.
The first step recommended by The Oxford Club is to save more. 24% of Americans have less than $1,000 set aside for retirement. You don’t want to be living out your retirement on Social Security at an average of $1,360 a month, and saving is something you can control unlike stocks and bond!
The second recommendation is to cur your investment costs. Most active fund managers fail to outperform an unmanaged benchmark. Which means you’re paying for a manager who is very unlikely to bring you a better return than educating yourself a bit and using technical analysis tools.
The last way you can make sure to set yourself up for success this year is to rebalance your portfolio. Re-balancing your portfolio means selling back some of the asset classes that have appreciated the most and put the money back into the asset classes that haven’t done as well. This allows you minimize risk while adding to your long-term returns.
So, those are the three steps The Oxford Club suggests taking in order to keep your money safe throughout the New Year!