Think your world is coming to an end? Can’t blame you with the political battles, Corona Virus outbreak, the market down fall and the economy shrinking by the day.  Use this time to do some strategic planning on your investment portfolios.  The US market is still the best way to move to prosperity in your lifetime.  First of all I personally am a big fan of our current president Donald J Trump, so if this offends you please leave now…  The use of this blog is to share ideas not get into political arguments because you WILL loose.  Leave that for all you facebook junkies.  Lets keep this as a method to share ideas that work, don’t work and the struggles one may have in this journey called life.

I for one have seen my portfolio drop by 30-40% and continues the downward trend.  I for one have never seen the market act the way it has.  I would consider my investment strategy fairly diversified with various US markets with minimal exposure to international markets.  Well by the looks of my portfolio that’s not enough.

I’m using this time as I predict next year taxes will enable several right off’s in losses.  Now’s the time to butcher holdings that have not performed as well as expected but didn’t want to liquidate to avoid a tax bill.

2019 was an exceptional year and our tax bill show’s it just to see the earnings go in the tank.  At least we have until July to pay since this pandemic struck.

All I can say is first and foremost STAY SAFE and WELL.

Now on to more interesting topics,,, like making smart choices to enabling one to prosper in this crazy market.

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