5. The Amount of Taxes You Pay
Try to keep investment taxes low. Take advantage of tax favored retirement accounts and long term capital gains. The more money you keep, the more money you have to compound its growth, hopefully tax free or tax deferred.
Conclusion
These are the five most important factors to increase your portfolio value. All of these factors should be part of your investment planning.
Invest as early as you can, save as much as possible, optimize risk and returns through proper asset allocation and diversification, and keep investment taxes low. These are the most important factors in building wealth and increase your portfolio value.
Additional Reading:
10 Investing Principles Fundamental to Successful Outcomes
