PERSONAL FINANCE: Some year-end matters to consider

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In the last column we promised that we would continue to look at the stock market to see if there was any discernable indication that the declaration by the news outlets that Joe Biden was the president-elect would move the markets. As I write this column, the Dow is over 29,100, which is good for those with a portfolio, but there are too many things that happened since that declaration to be able to say what, if any impact, the apparent result of the presidential election is actually having. The announcement that Pfizer may have a safe and effective Covid–19 vaccine, the exploding cases of Covid-19 nationwide and the many new restrictions in various jurisdictions, the failure of the President to concede, the prospects of a divided government, the end of the earnings season, the lack of a stimulus bill — shall I go on?That said, all the investment advice that I am hearing continues to be basically like this Bankrate.com advice to investors:1. Don’t get caught up in a rising or falling market.2. Put investing before politics.3. Think long term.4. Your performance depends more on you than a politician.5. Commit to do nothing.On a different subject, …

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