Spotting and Removing Dead Investments

Imagine you have a backpack full of toys.

Some toys are still fun, but others are broken or no longer interesting.

If you keep the broken toys, you can't carry more new toys.

In investing, a 'dead investment' is like a broken toy that still takes up space but doesn't help you grow your money.

It might not lose money, but it keeps your money from going into better places.

Experts say you should check your investments every year, especially after big life changes.

Look at how each investment is doing compared to others, if it still fits your goals, and if the market around it has changed.

If an investment is stuck and not helping, it's time to let it go.

By doing this, you can use your money to buy better investments that grow faster.