Midyear Money Check-In: 4 Moves the Wealthy Make
Skip the generic rebalancing advice. Here are four smarter midyear money moves that wealthy investors actually use.
Halfway through the year is exactly when most people do nothing with their money. That's a mistake. The rich don't wait for December to take stock — they do a midyear audit, and you should too.
Your financial adviser will probably tell you to rebalance your portfolio. That's fine advice, but it's the floor, not the ceiling. There are four specific money moves that go beyond shuffling stocks and bonds around, and they're the kind of plays that actually build long-term wealth.
Read more 401(k) Balances Hit All-Time Highs: Where Do You Stand? →
Think of a midyear check-in as your financial halftime adjustment. Markets have moved, your income may have changed, tax situations shift — sitting still means you're already behind. The wealthy don't set-and-forget. They review, adjust, and act with intention twice a year, minimum.
The tradeable angle here is simple: use the next two weeks to do what most retail investors won't. Pull up your accounts, look at what's drifted, check your tax-loss harvesting opportunities before year-end gets chaotic, and make sure your cash isn't rotting in a low-yield account while high-yield options sit right there.
This isn't about complexity — it's about discipline. The gap between average investors and wealthy ones often comes down to who actually shows up at halftime. Be that person. Continue reading at MarketWatch.com
