Personal Finance, Accounting, and Tax Ideas

[SPEAKER_00]: I can speak for myself personally, you know, [SPEAKER_00]: I do it quite often. [SPEAKER_00]: I try to catch myself and not compare myself to others because you know I'm living my life a certain way and it's not all about money money is a great tool. [SPEAKER_00]: It allows you to do a lot of great things allows some freedoms in your life. [SPEAKER_00]: But once you really understand that money stress is not necessarily a math problem or an income problem. [SPEAKER_00]: You really have to wrap your mind around around the mindset and the communication and just the emotional safety problem around it. [SPEAKER_01]: Yes, a lot of time, people spend money because they're stressed out, or because they're happy they want to celebrate their board, they'll just say, you know what, it's the weekend.

Again, we will rebalance for you if you're a client. Harvesting tax losses is also something to be looking at toward the end of the year, especially if you've had some things in your portfolio that haven't done so well. Maybe you've got a stock you bought that turned out to be a real dog, right? Or maybe it was a company stock you owned from years and years ago, and you held it forever, and then all of a sudden, things crash because something changed with the company, so now it's at a tax loss. One way you can make lemonade out of the situation, would be to take a look and say, “Well, there's a loss here, and I've had all these other gains in my portfolio.