A new year is the perfect time to review your investing goals. Below we’ve listed some simple actions that could make a big difference over time.
- PAY YOURSELF FIRST. Treat your savings like a bill that you must pay. Identify your savings goals, get started, or continue saving. Have a target to increase this each year if you can.
- PUT INVESTING ON AUTOPILOT. Dollar-cost averaging is a strategy that involves investing a fixed-dollar amount in regular intervals which can reduce risk during short-term market conditions. FAM Funds offers an automatic investing program that you can easily add to your account.
- STAY THE COURSE AND THINK LONG TERM. There is an overwhelming amount of research that shows that long-term investing – even through a stock market downturn – yields better results over time than trying to time the market. It’s time in the market, not market timing, that counts.