For most of us, 2020 blew past really quickly. We are just slightly more than a month away to usher in the new year.

Here are some tips on what you can do financially to help you prepare for the year ahead.

Consolidate trading and banking accounts

I like to do a routine housekeeping of my financial accounts to reduce unnecessary load on my head. Over the years, I’ve opened several brokerage and trading accounts which I end up not using anymore.

One good practice is to consolidate your assets into just a handful of trading accounts that you will frequently use.

For example, I use Interactive Brokers (alternative: Tiger Brokers) for my global stocks and ETFs because of their low fees. I’ve since closed or emptied my assets in all my other traditional brokerages like DBS Vickers and iOCBC.

With just one to two brokerages to manage, depending

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