Roundtable: New Year's Resolutions for New Investors

Be sure to avoid echo chambers in 2023!

    facebook X logo linkedin

    When done correctly, the two-week stretch before and after Christmas are an exciting time of reflection and planning for the year ahead. In the spirit of new beginnings, we asked several industry experts where their new years resolutions were for 2023. 

    Diversify, and Stay Disciplined

    Steve Rose, CEO of

    "One of my resolutions for 2023 is to diversify my portfolio more. I learned this year that it's important to spread out my investments and not have all my eggs in one basket. This can help mitigate risk and potentially increase returns over the long term.

    Another resolution is to stay disciplined and stick to my investment plan, even during times of market volatility. I learned this year that it's easy to get caught up in the hype and make emotional decisions but staying calm and sticking to my strategy has helped me weather the ups and downs of the market. In 2023, I plan to focus on finding undervalued stocks with strong growth potential. I learned this year that it's important to do thorough research and not just chase after the latest hot stocks."

    Avoid Those Echo Chambers

    Kenny Kline, President & Financial Lead at BarBend

    Avoid spending so much time in similar groups: "The human inclination to perceive data in a manner that supports one's existing viewpoint and to pursue evidence that backs up one's existing ideas is known as confirmation bias. Avoiding outside perspectives creates an "echo chamber", which can lead to poor financial decisions. If you want to put your investment theory to the test, one vital (if unsettling) resolution for 2023 is to actively seek out the perspectives of those who disagree with you.

    Take Stock

    Look at Your Investments with an Open Mind: "The start of a new year provides a good opportunity to take stock of your investment portfolio. It's possible that recent winners only did well because of the generally positive state of the market. Those who fear that their recent gains are unsustainable should keep an eye out for opportunities to reinvest in something with better long-term prospects."

    Edith Reads, Senior editor at

    Be Objective

    Take an objective look into your portfolio: "The New Year is the ideal opportunity to examine your present financial portfolio. An important part of portfolio management is determining whether lost holdings are likely to return. Recent laggards are frequently tomorrow's leaders. However, certain investments that appear inexpensive today might become much more affordable!" 

    More Diversity

    Andrew Lokenauth,  

    Diversify your portfolio: One of the key lessons from 2022 is the importance of diversification. Having a diverse portfolio can help mitigate risk and potentially lead to better returns over time. Consider adding a variety of different asset classes to your portfolio in order to diversify.

    Invest in what you know: Consider investing in companies or industries that you have some knowledge about. This can help you make more informed decisions about your investments.

    Learn more about the companies you invest in: It's important to do your due diligence and thoroughly research the companies you invest in. This can help you make more informed decisions and potentially increase your chances of success in the stock market.


    Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

    This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

    On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

    Start targeting gains like the ones our subscribers have seen recently, including:

    213.3% GAIN on AutoNation calls
    100.0% GAIN on Monster Beverage calls
    100.4% GAIN on Walgreens Boots Alliance puts
    100.4% GAIN on ON Semiconductor calls
    257.7% GAIN on Dell calls

    101.0% GAIN on Apollo Global Management calls
    103.6% GAIN on JP Morgan  Chase calls
    105.3% GAIN on DraftKings calls
    101.3% GAIN on Airbnb calls
    203.0% GAIN on Shopify calls
    102.0% GAIN on Cboe Global Markets calls
    100.9% GAIN on Boeing calls
    102.1% GAIN on Microsoft puts
    102.3% GAIN on First Solar calls
    101.5% GAIN on PulteGroup calls
    101.0% GAIN on Apple calls
    209.4% GAIN on NXP Semiconductors calls
    100.8% GAIN on Uber Technologies calls
    100.4% GAIN on Academy Sports and Outdoors puts
    102.2% GAIN on Trade Desk calls
    100.8% GAIN on DoorDash calls
    100.0% GAIN on Camping World Holdings puts
    100.0% GAIN on Cboe Global Markets calls
    100.2% GAIN on calls
    238.5% GAIN on Oracle calls



    Rainmaker Ads CGI