I thought it might be fun for this final night of the holiday to share this AAII December 30th article regarding New Year's resolutions that individual investors should be making. Hope everyone had a great holiday. The next one isn't until Easter. By then it'll be warmer.
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Investor Update |
Dear Member,
Special Note: Our offices will be closed on Friday and Monday but to help you start the New Year with great investing tools, we are running a special holiday promotion on A+ Investor. You'll get access to our stock, mutual fund and ETF grades, our brand-new custom stock screener, advanced portfolio analytics and more. Click here to take advantage of the special 12-month rate of $97. I've been sharing a list of new year's resolutions for investors since 2011. Over the past few years, the list grew to a size that was admittedly too long. So, for 2022, I've revised it to make the list of resolutions shorter and more focused. Long-time readers will notice some new additions as well. The list is written from the perspective of long-term investing. In doing so, I've taken a holistic view of actionable steps you can take to be a more successful investor. |
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As you make your personal resolutions, set up calendar reminders to check the progress you are making toward them throughout the year. Are you sticking to them? If not, what can you do to get yourself back on track? Resolutions requiring a lasting change won't be fulfilled with one step. They require ongoing effort and attention. So, pull out your calendar or smartphone and add reminders to revisit your resolutions. Doing so will increase your odds of fulfilling them. Here are my 2022 New Year's resolutions for individual investors. 1. Don't make big bets on uncertain outcomes. It is reasonable to expect the Federal Reserve to raise interest rates, new coronavirus treatments (and possibly modified vaccines) to be made available and supply chain constraints to ease in 2022. None of this tells us what pace of expansion the economy will experience, what rate of inflation we'll see, how the stock market will perform in the new year or where interest rates will be 12 months from now. Accepting this uncertainty allows you to focus more on your process than on forecasts—a recipe for success. |
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