Managing your own $500K+ portfolio? Avoid these things for your financial health.

Are you managing your own portfolio or outsourcing to a professional? If you're looking at an investment structure, why not think of individual stocks? Tax intricacies on mutual funds are muddy as best. When stocks work against us it's our job to harvest the loss, bank it and set it aside. You can use those losses for years to benefit your bank account when pulling money out for a big project, to buy a house, or anything else that would incur capital gains. This tax harvesting strategy is possible with the purchase of a well-diversified portfolio of individual stocks. With mutual funds the intricacies around taxes aren't as clear.  But with individual stocks and the right professionals in your corner, you could have a significant difference in payout when you're realizing capital gains with a well-diversified portfolio of individual stocks.     Watch the clip here Watch the full episode here   Helpful Links- Delegate Confidently ™ and call our office today to start getting the most life out of your wealth 248-848-1111  Helpful Links- Click here for important disclosure information  Click here to schedule a call: Blue Chip Partners | Schedule A Call   There have been new law changes and let's face it, life happens. If you need to update your estate plan we have you covered with our white-glove service at Blue Chip Estate Planning, PLLC. Contact Kimberly Crank Browning at [email protected] or call the office 248-873-3244 for more information on Blue Chip Estate Planning, PLLC.  Listen to our weekly market analysis podcast on your favorite platform by clicking here Blue Chip NOW! - Blue Chip Partners  Are you a corporate executive that gets paid with company stock? We help executives get the most out of their RSUs and stock options. Click here: Financial Planning For Business Executives - Blue Chip Partners | Executive Compensation Plan  Stay financially savvy by reading our blog. Click here: Blue Chip Partners' Financial Services Blog | Michigan Wealth & Financial Planning | Wealth Management Near Me  Are you a financial professional looking for a new career opportunity? Blue Chip Partners was voted as one of the Best Places to Work again in Southeast Michigan in 2024 by Crain's Detroit Business. Apply here Join Our Team | Finance Careers & Job Openings at Blue Chip Partners | Financial Planning Jobs Near Me   Do you love economic recaps as much as us? Watch previous Quarterly Edge market reports by clicking here: Educational Financial Planning Videos + Webinars | Blue Chip Partners  We are in the news! Non-paid features in Forbes, Business Insider and more featuring Blue Chip Partners can be viewed by clicking here: In the News - Blue Chip Partners  Need to update your estate plan? www.BlueChipEstateplanning.com Blue Chip Estate Planning, PLLC is a law firm established to provide estate planning services to clients of Blue Chip Partners, LLC, their families, and other residents of the State of Michigan. Blue Chip Estate Planning is related through common ownership and control to Blue Chip Partners. Services by Blue Chip Estate Planning are separate and distinct from any agreement with Blue Chip Partners. For more information, call Kimberly Browning at 248-873-3244.