The Start of a New Year is the Perfect Time to Set Financial Goals and Keep Investing

Scott Sullivan |


The Start of a New Year is the Perfect Time to Set Financial Goals and Start Keep Investing

A well-crafted budget, a comprehensive understanding of the basics of investing, and a diversified portfolio can all help you have a successful year of investing. It doesn’t matter if you are a seasoned investor or just starting out - here are five investment resolutions to keep in mind as we enter 2023. 


Key Points:

  • Starting the new year off right is key to having a successful year of investing
  • Establish and maintain a budget
  • Educate yourself on investing
  • Create a diversified portfolio
  • Be mindful of fees
  • Monitor your investments

It’s All About the Budget

Establishing and maintaining a budget is the essential first step to keeping your finances in order and ensuring that you have the necessary resources to make investments. Creating a budget that is tailored to your lifestyle and financial objectives can be immensely beneficial in helping you stay on track. To make this process easier, consider breaking down your budget into categories and tracking your spending to ensure that you are staying within your desired limits. Additionally, be sure to regularly review and adjust your budget, as your financial goals and needs may change over time.

Become and Educated Investor

Educate yourself on investing. Take the time to learn the basics of investing and how to select the right investments for your goals. It is important to be aware of the different types of investments available and the potential risks and rewards associated with each one. There are plenty of resources available to help you gain a better understanding of investing, such as online courses, books and articles. Your best source is a financial professional. Be aware that the current financial markets, trends, and news can easily get you off track regarding your goals if you follow the advice of the pundits and prognosticators. It is important to understand that investing is a lifelong journey of discipline. With the right knowledge and resources, you can improve your chances of success when investing.

Diversification is Always a Winning Strategy

Creating a diversified portfolio is an essential part of any investor's strategy, as it helps to reduce risk and increase potential returns. When putting together an investment portfolio, it is important to take into account the different types of risk associated with each investment. This would include market risk, political risk, liquidity risk and currency risk. By diversifying across different asset classes and types, you can reduce the impact of any one of these risks on your overall portfolio. Additionally, having a diversified portfolio can help to reduce volatility and provide greater potential for returns over the long term. A trusted advisor can help you put together a financial plan that includes a broad diversified investment strategy.

Costs Matter

Be mindful of all fees associated with investing. It's important to take the time to explore your options and research investments with lower fees. Make sure you're not paying too much for your investments; the fees associated with your investments can have a significant impact on your returns. Additionally, it's important to understand the exact fees you are paying, and what they are paying for. Are they just covering administrative costs or are they going to a fund manager? Knowing this information can help you make better decisions when investing.

Monitor Your Investments

Monitor your investments. Once you have invested, it is essential to keep track of the performance of your investments, as well as any changes in the market conditions that may have an impact on their value. Make sure to regularly review your investments, and be prepared to make adjustments where necessary. This could involve rebalancing your portfolio, switching to lower-risk investments, or even liquidating assets if the situation calls for it. Doing so will help ensure that your investments remain on track and remain optimally allocated to your long-term financial goals.


By adhering to these five resolutions, you can set yourself up for a fruitful year of investing. By properly budgeting your finances and equipping yourself with the necessary knowledge, you can create a portfolio that is both lucrative and low-risk. To ensure that you are in the best position possible to maximize your returns, it is important to stay organized and keep track of your investments. By working with a trusted advisor you can rest assured that your portfolio is aligned with your plan and is always up to date and in-line with your goals. By following these five resolutions and taking the right steps, you can be on the path to a successful year of investing.