When it comes to wealth building, most investors would prefer never to hear (or read) another word about 2008. And frankly, we agree. But in order to move forward, itâ€™s important to face up to the past. So now might be a good time to open up those quarterly mutual fund statements youâ€™ve been ignoring. Go ahead. Weâ€™ve got your back. Here in our annual investment guide, weâ€™ll show you how to repair and fortify your portfolio for the future.
In the guideâ€™s main story, â€śFinding Shelter from the Storm,â€ť we offer several ways to strengthen your investments by peppering your portfolio with investing expertsâ€™ â€śsaferâ€ť holdings. Those include a list of mutual funds that concentrate their holdings in Treasury bonds, municipal bonds, corporate bondsâ€”and even some stock funds.
Then, in â€śRegain Your Balance,â€ť weâ€™ll show how steep devaluations in assets can upset your portfolioâ€™s equilibriumâ€”and illustrate how to reallocate your holdings to regain an appropriate mix of stocks, bonds, and other investments. Finally, in â€śMake Lemonade from Lemons,â€ť weâ€™ll help you make the most of 2008â€™s capital losses (that is, if you actually sold shares for a loss) with some tips on how to turn them into a lower tax bill. That doesnâ€™t sound so bad, does it?