Investment Review Services in El Paso
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Whether you’ve been investing for decades or you’re ready to start, Clifford, Ross, Raudenbush & Cooper, LLC, can provide the guidance you deserve. Our investment review services are vast, providing you with personalized advice and direction so you can make the most out of your investments. Give us a call today to learn all about our investment review services.
What to Expect from an Investment Review
Simply put, we will review your investment ideas with you and your investment advisor and suggest the best structure to maximize your after-tax return. Remember, don’t ignore the impact of taxes on your investments. While taxes should not drive your investment strategy, understanding how taxes affect your earnings will help you minimize taxes and maximize your return.
Make sure to consider these items:
The Magic of Compounding — A Fun Way of Looking at Investing
If you could have one of the following as your pay for thirty days’ work, which would you choose?
(A) $10,000 or (B) a penny the first day, two cents the second day, four cents the third day, eight cents the fourth day, and so on, with each day doubling on out to 30 days.
The $10,000 sounds very attractive, but the fact is that the penny doubled each day for 30 days adds up to over five million dollars. Of course, that is 100% interest compounded daily, a rate not available to most working folk. Nevertheless, you see the power of compounding your earnings.
How to Help Reduce Your Investment Worries
Investing can often feel like jumping into the deep end of a pool. To make the process less intimidating, we’ve compiled a few tips for you to keep in mind moving forward. Still uncertain? Simply give us a call and we’ll provide the answers you’re looking for!
Put aside some amount regularly in savings or other investments
The compounding of earnings can be substantial. The longer your investment period, the greater the beneficial effect of compounding.
Invest in what you know
The better informed you are, the better your investment decisions will be. If you don’t want to learn about investments, consider hiring a money manager and paying him or her to do your investing for you.
Diversify your investments
Have some of your money in an investment that is easily converted to cash in case of emergencies. The old adage “don’t put all your eggs in one basket” is good advice when it comes to your investments.
Prepare an annual balance sheet
Basically, this will be a list of all your assets minus all your debts. This comparison of your annual balance sheets will reveal your success at growing your retirement funds.
Plan where you want to be financially by retirement age
Once you know how much you need to save, put your plan into action. Over 90% of Americans must rely on the government or others for assistance during retirement. With proper planning and diligence, you may be among those who can retire in comfort.
Don’t use credit to purchase consumption items
Wait until you can pay cash for things that decrease in value. Borrowing money to purchase a home is usually a sound idea.
Monitor your investments to maximize your after-tax return
The differences can be dramatic.
Have an annual review of your insurance needs done
Your insurance agent should perform a review of your insurance needs on an annual basis, at least. This way, you can determine if you are neither under- nor over-insured.
Choose Us as Your Investment Review Pros!
Since 1978, Clifford, Ross, Raudenbush & Cooper, LLC, has guided individuals and business owners alike through the uncertain world of investing. With our help and expertise, you can make the soundest investment decisions. Let your money work for you and contact CRRC, CPA, today!