Investing Tips: What to Do After Bad Year for Stock Market

Wall Street ended 2022 on a low note. But experts say there are a few moves you can make now to ensure your portfolio is ready for 2023.

The S&P 500, an index commonly used as a benchmark for U.S. stocks, ended the year down 19.4%. It was the index’s worst annual performance since 2008. Meanwhile, the Dow Jones Industrial Average tumbled 8.8% for the year and the tech-heavy Nasdaq Composite fell a whopping 33.1%.

Stocks kicked off 2022 near a record high. But amid decades-high inflation and the Federal Reserve’s attempts to bring down those spiraling consumer prices with interest rate hikes, financial markets quickly began to struggle. Bonds fared poorly, with the Bloomberg US Treasury Index experiencing a record annual loss. Crypto markets felt the pain, too, exemplified by bitcoin dropping from around $47,000 per coin at the start of 2022 to around $17,000 per coin now.

After such a tumultuous year for the markets, many investors are likely feeling unsettled about how their investment portfolios will perform in 2023 — but experts say that’s no reason to abandon your investing strategy.

“I know it is hard to hang in there,” says Catherine Valega, owner and financial planner at Green Bee Advisory in Boston. “But hang in there you must.”

There are several moves you can make to ensure you’re starting off the new year on the right foot. Here’s what experts say to doing consider now.

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1 Top E-Commerce Stock to Buy Hand Over Fist in 2023

With brick-and-mortar stores quickly shuttering locations for the duration of the depths of the coronavirus pandemic, buyers turned to online browsing. And Etsy (ETSY -.47%) was a important beneficiary, staying able to swiftly respond to surging demand many thanks to its broad assortment of exceptional items. The inventory was up 302% in 2020 and 23% in 2021. 

Then things took a flip for the even worse previous year as buyers returned to physical shops and investors soured on Etsy’s stock. Shares have been down 45% in 2022. But Etsy is on the rise yet again. As of Jan. 25, the stock is up 14% so significantly this 12 months. Still properly underneath its all-time substantial, here’s why Etsy is a major e-commerce stock to buy in 2023. 

Experiencing some headwinds 

Etsy posted stellar earnings and gross items sales (GMS) advancement of 35% and 31%, respectively, in 2021. But there’s no denying that the small business has been working with some headwinds that started previous yr. 

For starters, Etsy is dealing with hard comparisons. The pandemic was a boon for e-commerce activity, and Etsy was there to capitalize on this change in consumer actions. Unsurprisingly, face masks have been a critical solution that purchasers wanted. And when vaccination rates began growing, the need to have for masks dwindled. 

On top of that, in 2020 and 2021, Etsy attracted an amazing selection of consumers on to its system. In those two calendar many years, the firm introduced on 4.8 million sellers (up 178% in two many years) and 49.9 million customers (up 108%), which was just unparalleled development. In the most recent quarter (third quarter of 2022, ended Sept. 30), the range of energetic buyers and sellers declined on a year-more than-calendar year basis. 

It will not subject what form

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