Monday we mentioned that now is a time for generosity. If you have a portfolio, you’re fortunate. Millions of people don’t, and they may need your help. How do you handle that in a compassionate and reasonable way? 

To begin, you must know how your portfolio functions in your life: do you depend on it for year-to-year living? Or is it for extras like travel, gifts, or luxuries? That distinction is important because if you help by selling investments and giving the proceeds, you reduce future investment income. That’s not the case with income from work—giving part of a month’s income to a relative in need doesn’t reduce next month’s income.  Continue reading →