Before you pop the Champagne and ring in the new year, take the time to check in on your investing plan. Your future self will thank you.
Investors have had a rough year. The S&P 500 kicked off January at an all-time high before experiencing rollercoaster-like volatility that’s now put the index down around 20% for the year. It’s not just stocks. Other financial assets like bonds and crypto have also taken a hit as the Federal Reserve continues to hike interest rates to fight decades-high inflation — hopefully without tipping the economy into a recession (something experts continue to be fearful will happen in 2023).
All things said, you may be sick of checking your investment portfolio and seeing red. But making a few year-end moves could set you up for long-term success.
While these moves don’t all have year-end deadlines, experts say it’s a good time see to how your investments have done and consider making changes. Here are nine checklist items to consider.
1. Rebalance your investments
This year hasn’t been kind to the financial markets.