In today's unpredictable market, it's more important than ever to have a bulletproof investment portfolio. One key strategy to achieve this is through active engagement with your investments and finding ways to reduce fees. By taking these steps, you can better withstand market volatility and protect your hard earned money.
Engaging with your investments means staying informed about the companies you're investing in, attending shareholder meetings, and voting on important issues. By actively participating in your investments, you can have a better understanding of the potential risks and opportunities that may come your way. This level of engagement can also help you make more informed decisions and potentially avoid costly mistakes.
Another crucial aspect of building a bulletproof portfolio is reducing fees. High fees can eat away at your returns over time, so it's important to look for ways to minimize them. One way to do this is by investing in low cost index funds or ETFs, which typically have lower fees compared to actively managed funds. Additionally, consider working with a financial advisor who charges a flat fee rather than a percentage of your assets under management.
By actively engaging with your investments and reducing fees, you can build a portfolio that is better equipped to handle market volatility. When the market inevitably fluctuates, you'll have a solid foundation in place that can help protect your investments and potentially even lead to long term growth. So take the time to review your portfolio, make any necessary adjustments, and set yourself up for success in any market environment. Your future self will thank you for it.