Weekend Reading: Investing Resolutions for Life

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend reading investing resolutions Weekend reading investing resolutions
Weekend Reading

Before you lend much attention to the market forecasts rolling in for 2023, know this: One year ago, market strategists predicted a 7.5 percent return for the S&P 500 in 2022. Today’s reality? The market is on track to experience its worst year since 2008.


Take the good from the bad: So what can you take away from volatile times? Many investing lessons; Not just for 2023, but for life. Some major insights that will ring true far beyond the New Year include:

📌 Embrace risk: This isn’t to say put all your savings at stake, but reward often requires risk. And often? “Not taking enough risk can be the biggest risk of all.”

📌 Play the long game: Not golf, but as in long-term investing, where time and the compounding effect are powerful forces.

📌 Diversify, diversify, diversify: As stated here, “Real diversification means that not everything in your portfolio will be ‘working’ at the same time.”

📌 Focus on what you can control: You can’t control the market’s next move, inflation or geopolitical events, but you can control your habits and behavior toward these things.

Zoom out: It’s a term I’ve used religiously throughout 2022, and will continue to remind myself to do moving forward. Take a look at the bigger picture, focus on the long-term and stick to the purpose-based plan that was strategically created for you.