Biggest Financial Topics of 2022 and Setting Goals for 2023. Money Not Math 125

Biggest Financial Topics of 2022 and Setting Goals for 2023. Money Not Math 125

Market Volatility: “There’s not a single year when the market was always positive. There will be times throughout any year when you see the market drop,” said Wes Crill, Head of Investment Strategist at Dimensional.

Stock Performance in Recessions: Crill said. “There is no cookie-cutter recession and no absolute signal of when to get in or when to get out of the market.”

The Fed’s Impact: “The US Federal Reserve’s series of rate increases reminded investors that markets tend to incorporate such actions in prices before they are officially announced.”

Benefits of Long-Term Investing: “Investors without a solid plan (and professional guidance on how to stick with that plan) may have found themselves making some knee-jerk decisions about their money this year.”

Value bounces Back: Crill said. “But it is important for investors to balance their enthusiasm for higher expected returns with their tolerance for underperformance.”

Goals to improve in 2023

- Family: put my phone on airplane mode during family time.

- Faith: try to be the most positive person in the room and attend church more often.

- Financials: pay off all credit cards and buy a new house.

- Fitness: reach my weight goal of 185 pounds and score 45 points minimum per month.

- Friends: continuously surround myself with people who challenge me to be a better person.

- Fun: happiness is the ultimate goal of life so try to focus my time on only doing things I enjoy.

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Article quoted/ referenced: “Dimensional’s Takes on the Biggest Financial Topics of 2022” – Dimensional.com

Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.