Invest more effectively
Is your portfolio full of many stocks you bought and forgot about? Aim to only hold stock in companies that you have researched, kept up with, and have great confidence in. If you don’t have the ability or interest in deciding which stocks to buy and when to sell, simply opt for one or more inexpensive broad-market index funds. The SPDR S&P 500 ETF (NYSEMKT:SPY), for example, will distribute your money across the 500 companies in the S&P 500, which make up about 80% of the U.S. market.