12 Jan 2021 | Avoid these investing mistakes this year

It's never too late to start saving

A "It's never too late to retire early" Avoid these investing mistakes this year Image Source: Motley Fool Between the market crash last March, and the roaring rally that followed, 2020 was a particularly trying time to be an investor. There are common investing mistakes that all of us have made amid the confusion and chaos.  Every mistake is a learning opportunity. However, it's much better to learn from someone else's experience when it comes to your portfolio. Here are my top two investing flubs of 2020. Don't make these mistakes this year. This new breakthrough could shatter all other records Recommended Link: What has Elon Musk so happy?    Well, it has nothing to do with his car company, Tesla, getting added to the S&P 500…    And it's not his partnership with NASA to send astronauts into space…    Instead, Elon might have just made his biggest bet yet…   And it could soon make him the richest person alive — and for you…    It could impact almost every area of your life — from how you shop, to how you work, and even to how you make money.    And if you act now, you have the chance to get in on the ground-floor of Elon's newest breakthrough!    Click here now for the surprising story you're NOT hearing about on the nightly news (yet!) » Headlines you shouldn't miss   Tax rules that could affect your retirement   By understanding these critical tax rules, you can avoid any unpleasant financial surprises in retirement.   Do stimulus checks increase the tax on Social Security benefits?   It is almost time to file your 2020 taxes, and nobody likes an unpleasant surprise at tax time.    Don't risk overexposure in these sectors this year   Avoid the risk of concentrating too much of your portfolio in these stocks that performed well last year.   Tax ID thieves can cause painful cavities in your finances   For those who have been victimized by identity thieves, tax season is only the beginning of the pain to come.   How does the IRS calculate your income tax?   You will have to use a formula instead of a single form to determine how much you owe the IRS.   Tax deductions that have disappeared   While some crucial tax breaks might return after portions of the tax law expire, here are twelve tax deductions that have disappeared. It's never too late to start saving,   Gordon Fox     P.S.   Know someone who'd love the Late Investor? Be sure to send them to this link so they can get signed up: investinglate.com   The Late Investor, 20 N. Orange Avenue, 32801, Orlando, United States You can unsubscribe here any time.