Tips for a successful year & 2023 markets, what to expect
Am not a fan of new year's resolutions, as historically they don't get held up past January, but what type of wisdom can I share to guide you on a path towards an incredible year? Here are some ideas that I use that I do find extremely useful.
Select a theme word for the year, as an example: growth. Then you can filter all your activities to see if they are in line with your achieving growth.
Perhaps reflect on all areas of your life, from your relationships to money, to self-care, the experiences you had in life and what you want to have, your health, your business and your career and see journal what you wish to see achieved in each area. Start with what does success look like in that area by the end of 2023? Then work backwards, and set up daily, weekly and monthly actions to get you towards that goal.
I hope those tips will assist you in setting up for a healthy, prosperous and fulfilling year.
As for the market, here are a few comments as to what to expect in 2023.
As difficult as 2022 has been with rate hikes, high inflation and market swings, the worst is now probably behind us and the conditions created for a much more compelling investing environment going forward:
Central bank policy, which operates with a lag, is likely to weigh on the economy into 2023
Equity valuations have normalized, and the potential returns of several asset classes offer attractive opportunities
Corporate earnings, in general, have remained resilient, and supply chains are finally moving again.
Regardless of where we are in the market cycle, it’s important to take a disciplined approach to invest and stay focused on your long-term goals. This has been a huge part our commitment always and especially during markets as we have had.