On our most recent radio broadcast, we offered five investing New Year’s resolutions to help get your investment portfolio on track. While many people resolve to do things like exercise more or quit smoking, we here at The ETF Store believe that you also have to make a few investing-related resolutions to best position yourself for long-term investment success. After all, one popular definition of insanity is to keep doing the same things over and over again and expect different results. This certainly applies whether you’re talking about physical fitness or the health of your investment portfolio. If you haven’t been satisfied with your investment performance, perhaps it may be time to try a different approach. It’s our belief that if you can implement and keep these five investing New Year’s resolutions, you will be well on your way towards reaching your financial goals:
1) Focus on Asset Allocation
2) Have a Disciplined Investment Plan in Place
3) Understand Exactly What I’m Paying For My Investments and Minimize Investment Costs
4) Learn More About Exchange Traded Funds
5) Conduct an In-Depth Review of My Investment Portfolio
In our weekly market update, we looked back at the performance of various asset classes in 2012 – in particular, global equities. With the steady stream of negative headlines last year – from Europe’s sovereign debt crisis to the so-called “fiscal cliff” – some investors may be surprised to learn that global equity markets approached 20% returns. We explained the disconnect and also discussed what impact the recent fiscal cliff deal may have on the markets in 2013. In our ETF spotlight segment, we examined a sector ETF that was up over 28% last year (ticker XLF) and debated the role an ETF such as this may have in a portfolio.