Page 7 - Jupiter West - April '25

Jupiter West, Page 7
Financial Focus ®

Time For Some Financial on. Similarly, you might find duplications in your investment of your walls and ceiling may need a good dusting. And as
portfolio, perhaps in the form of multiple, near-identical stocks
you continually work to strengthen your financial foundation,
Spring Cleaning or mutual funds. If so, then it might be worthwhile to consider you may need to dust off your investment strategy, especially
selling some of these investments and using the proceeds to boost if you’ve recently experienced changes in your life, such as
By Sally Sima Stahl, your portfolio in other areas in which you may be lacking. a marriage, addition of children, new job, and so on. And as
Edward Jones • Cut back on “overgrown” investments. Now that winter is you move closer to retirement, you may also need to adjust
Spring is here – which over and you’re venturing outside more, you may notice some your strategy in some ways. For one thing, you might want to
means it’s once again time to overgrown shrubbery or some tree branches that need pruning. adopt a more conservative investment approach in the years
wash the windows, organize And while it may sound counterintuitive, you might also have immediately preceding your retirement, though you’ll still
your cabinets and steam your some investments that have grown too big for your needs. For need to have some growth potential in your portfolio to help
carpets. This year, in addition to example, you might own some growth-oriented investments keep you ahead of inflation.
tidying up around your house, whose value has increased so much that they now take up a • Protect yourself from financial dangers. As you go about
why not also consider some larger percentage of your portfolio – and carry a higher degree your household spring cleaning, you may find actual physical
financial spring cleaning? of risk – than you originally intended. If that’s the case, you dangers that need to be removed or stored more safely, such as
Here are some suggestions might be better off by selling some of these investments and sharp objects or broken tools. And as you navigate daily life,
to consider: purchasing others to help bring your investment mix back to you may also find threats to your financial safety – the need for
• “De-clutter” your investment portfolio. When you embark its desired alignment. an expensive home improvement, or a major car repair or an
on your home cleaning mission, you might notice that you have • Dust off your investment strategy. With more sunlight unexpectedly large medical bill. If you don’t have the money
redundancies – three blenders, two vacuum cleaners, and so now pouring in your house, you might notice that the corners available to pay these expenses, you might be forced to dip
into your retirement accounts or run up your credit card or take
out a high-rate loan. To protect yourself from having to make
Estate Planning from page 6 Intelligent Collector, https://intelligentcollector.com/ these moves, you may want to maintain an emergency fund
joel-platt-and-his-dream-collection (last visited Dec. containing several months’ worth of living expenses, with the
news.release/atus.htm#:~:text=Leisure%20and%20 18, 2024). money kept in a liquid account, separate from those you use
Sports%20Activities%20in,%2C%20compared%20 8 Brian Boucher, Art Bites: The Only Known Painting Van for your daily living expenses.
with%204.8%20hours. Gogh Sold During His Lifetime, Artnet (Feb. 13, 2024), Of course, some of these moves can take some time –
2 Matt Schulz, 53% Who Took on a Pandemic Hobby Went https://news.artnet.com/art-world/story-only-known- but by getting started on them soon, you can help put your
Into Credit Card Debt as a Result, LendingTree (April 6, painting-van-gogh-sold-2432275#:~:text=Belgian%20 financial house in better shape by the time the next spring
2021), https://www.lendingtree.com/credit-cards/study/ painter%20Anna%20Boch%2C%20a,either%20350%20 cleaning rolls around.
quarantine-hobbies-credit-card-debt. or%20400%20francs. This article was written by Edward Jones for use by
3 Id. 9 Martin Bailey, The ten most expensive Vincent van Gogh your local Edward Jones Financial Advisor, Edward Jones,
4 Id. paintings, The Art Newspaper (April 29, 2022), https:// Member SIPC.
5 Collectibles Market in 2024 was estimated at $492.6 www.theartnewspaper.com/2022/04/29/the-ten-most- Edward Jones is a licensed insurance producer in all states
Billion, Annual Growth 9.2%: Research by Market expensive-van-gogh-paintings. and Washington, D.C., through Edward D. Jones & Co., L.P.,
Decipher, Yahoo!Finance (May 9, 2024), https:// 10 Coco Chanel, Biography (Dec. 10, 2021), https://www. and in California, New Mexico and Massachusetts through
finance.yahoo.com/news/collectibles-market-2024- biography.com/history-culture/coco-chanel. Edward Jones Insurance Agency of California, L.L.C.;
estimated-492-103200953.html. 11 Tugba Sabanoglu, Brand value of Chanel worldwide Edward Jones Insurance Agency of New Mexico, L.L.C.; and
6 Stephen Holder, Why Colts owner Jim Irsay refused from 2017 to 2023 (in million U.S. dollars), Statista (Feb. Edward Jones Insurance Agency of Massachusetts, L.L.C.
over $1B for his collection, ESPN (July 14, 2023), https:// 22, 2024), https://www.statista.com/statistics/1010860/ Edward Jones, its employees and financial advisors cannot
www.espn.com/nfl/story/_/id/37969744/why-colts- chanel-brand-value-worldwide/#:~:text=In%20 provide tax advice. You should consult your qualified tax
owner-jim-irsay-refused-1b-collection. 2023%2C%20Chanel’s%20worldwide%20brand,the%20 advisor regarding your situation.
®
7 Ana Veciana-Suarez, Joel Platt and his Dream Collection, most%20recently%20reported%20period. Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
AAMS™, 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.

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