2024 Investing Resolution

Did you know New York Stock Exchange traders have a long-standing tradition of celebrating each year's last trading day with a song that goes back to the great depression in the 1930s? 

The song’s lyrics are pretty interesting. Their main message is to encourage traders to look into the future because things will surely improve in the new year. It goes like this: 

Wait till the sun shines, Nellie 
And the clouds go a-drifting by
We will be happy, Nellie
Don't you cry…

It gets even more interesting when you hear the NYSE floor traders sing it (watch here). There is something positive and encouraging in hearing fellow investors’ message of a better future. 

Listening to the song has made me wonder how we all can turn 2024 into a better year for our portfolios as the NYSE traders' song promises.

In other words what should our New Year investing resolution be.

What Is Your Investing Resolution?

I’ll let you in on my 2024 investing resolution: Getting 1% better at investing every day. 

Why did I choose this as my resolution?

Because working on ourselves and our skills is the only thing in investing that is under our control. 

We can’t predict the market. We can’t forecast the macroeconomic factors. We can’t even precisely calculate the fair share price of the individual stocks we own. That’s depressing, I know! But we have another choice!

We can focus on the only thing in the stock market under our control: ourselves. 

Fascinatingly, getting 1% better in investing every day compounds our skills by 37 times in 365 days! The power of companding is amazing! 

By learning a new investing concept each day, researching a new stock every day, and learning about successful investors’ approaches to managing their money throughout the year, by the end of 2024, we will be 37 times better at investing.

That’s my 2024 investing resolution. What’s yours? 
You can fill out this one-question form to officially commit to it. Remember than sharing resolutions increases the chances of reaching them. By the way, it takes a few seconds after you click for the resolution form to load on Stock Card’s website. 

When you share your investing resolution, we keep it on your account. We will check in with you regularly in 2024 to support you with resources and keep you accountable throughout the year so you can make your 2024 portfolio the best one yet. 
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Happy New Year!