Investing Resolutions That You Can Actually Keep in 2022!

It's new year! It’s the time of the year to set some financial goals. The beginning of a new year is a good time to look back at the previous year and assess what you've achieved in terms of income, expanding your net worth, and growing your investments. Then you can think about which financial resolutions will help you reach your financial goals in the future. Here we list some investing resolutions for 2022 that you can keep:
Investing Resolutions That You Can Actually Keep in 2022!

Start Investing

If you haven’t started investing yet, this is the first resolution you should make this year. If you are waiting for the right time to start investing, now is the right time to do so. The best time to invest in equities was 10 years ago; the next best time is now! Even if it is a small proportion of your overall investment as per your circumstances, investing in equities is beneficial to achieve inflation-beating returns and accumulate wealth.

Create Multiple Income Sources

One thing that the last couple of years has taught each one of us is to not remain dependent on a single source of income. No one thought that a virus can turn our lives upside-down! One resolution you could make in the New Year is to create new sources of income and reduce the risk due to any single income source getting blocked.

Modify the Equation

If you’re wondering which equation we’re talking about, it is the spending and investments equation. Normally, individuals invest whatever is left after spending from their income. But the ideal way should be to invest from your income first and then spend whatever is left. This will help you remain on a disciplined track regarding your investments.

Top-Up Your Investments

If you understand the importance of equities in wealth creation and are already investing regularly, you are off to the mark! But besides making regular investments, considering making increments to your investments is also important. This will help you reach your goal faster due to increased investment amounts.

Brace Up for Stock Market Volatility

If you think you’ve had enough of volatility in stock markets for the last couple of years, buckle up for more! Volatility is the underlying nature of stocks and cannot be evaded. We are living in a world riskier than ever, and hence we could see even more volatile moves in the future as numerous factors will play their role in valuing stocks. One resolution that investors can make is to not get terrified by volatility and avoid making hasty decisions.

Seek Professional Help

Another important promise you can make into the New Year is to seek professional help if you are short of time and expertise to manage your investments. Trying to save in professional fees can do you more harm than good.

If you’re serious about your New Year resolutions, the above-discussed promises can help you become a better version of yourself and achieve an edge over others. And this requires no additional skill or talent. Only abiding by the promises you make can deliver wonderful results!

Teji Mandi Multiplier Portfolio

Teji Mandi Multiplier

A basket of stocks of small and mid-sized public companies. This portfolio holds the potential to secure larger returns in the future as the companies grow.

1Y CAGR

Min. Investment

Subscription Fee

₹399/month for 6 months

Teji mandi Flagship portfolio

Teji Mandi Flagship

A basket of 15-20 long-term and tactical stocks that are rebalanced regularly to adjust to the market changes.

1Y CAGR

Min. Investment

Subscription Fee

₹99/month for 12 months

Recommended Articles

"Register Your Interest"

Already a member ? Log In