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

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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.

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