It’s a new year, and now is the time to rethink investment strategies, get fresh ideas,, and really make a big push for a positive 2015. We all know that New Year’s resolutions can be fickle, but that doesn’t mean they have to be. Setting goals for positive growth and change are a great way to keep you on track, and can be an inspiration to last you throughout the year.
Here are five resolutions for your investments that we think will help you do just that in 2015.
- Finding the right types of investments takes a lot of work, however, that doesn’t mean you can necessarily go it alone. One of your first investment resolutions should be to find a network of trusted investment resources, and make partnerships that are mutually beneficial. Smart investments take smart thinking. And if you’ve got a great team of thinkers behind you, it can really make 2015 a profitable year.
- Diversify Your Markets. Sometimes it’s easy to get caught up with one type of investment, or investment strategy. As the old saying goes, “if it ain’t broke, don’t fix it.” But if you make it a point to branch out your investments into a variety of industries and companies, you can really grow your portfolio much faster. Putting all your eggs in one basket can net you some serious games if you choose right, but it’s risky. It’s always a good idea to diversify your alternative investments, and put some fresh energy into your strategy.
- Set Measurable, Attainable Goals. When you set your goals for 2015, make sure to break them down into small-term, feasibly attainable ones. Setting small, measurable goals helps you pace yourself, and makes it much easier to achieve your bigger ones. When you can see what you’re doing, and how you’re doing it in real time, there’s less chance of being overwhelmed by your yearly investment strategy. Quarterly, monthly, and even weekly goals are a great start, and will keep you organized throughout the year.
- Re-Evaluate Your Portfolio. A great investment resolution for 2015 is to take a good look at all your investments. Are you really getting what you want out of them? Are they still producing the way you thought? Starting a new year can give you a great opportunity to really break down what your doing, and make any changes where needed. This is something we all should be doing regularly anyway, but it’s easy to get lethargic about it, especially if our portfolio is doing well. Re-evaluating and re-examining your portfolio of investments may only confirm that you’re doing everything right. But chances are, you’ll find something that need updating, and in the long run, that can make a huge difference financially.
- Become More Efficient. In any business, the biggest losses come from waste and inefficiency, and investing is no different. When making your resolutions for 2015, this should be at the top of the list. Look at how you run your day-to-day work, and cut out anything that’s not crucial to your previous investment goals. Simplify your schedule. Don’t take meetings that you know won’t net anything for you. Don’t over-analyze everything, and make sure that you’re getting the right financial information from the right people. If the time you spend on something won’t lead to potential future gains, don’t do it.
For more information on how to invest wisely, and what companies will be a great buy in 2015, check out companies featured on InterlinkedTV and in the Interlinked company directory. We highlight some of the best new companies, and can help you achieve any of these great New Year’s resolutions to make your 2015 a great year for investing.