newyear's

Welcome to 2012! It’s a New Year and that means it’s time for some new resolutions. Want to find out what our blog contributors are resolving to do in 2012? Read on!

Noel Archard, Global Head of Product Development & Management for iShares:

 

This year, I want to create more quiet time to process all of the good information I read. I actually use a lot of the iPad apps that Sue recommends, but some days it feels like there’s a flood of great ideas and information with very little structured time to sit back and think about what it all means. Maybe in 2012 someone will design an app to help me with that!

In 2012 I’d also like to go hunting for new credible sources of information. Sometimes in the world of finance we seem to fall victim to “group think” because we’re all reading the same publications.

Russ Koesterich, Global Chief Investment Strategist for iShares:

  1. Learn to speak Slovenian and Finnish. This way the next time a small European country threatens to derail the euro, I’ll at least understand why.
  2. Constantly remind myself that politicians are rarely economists. Local politics trumps basic economics.
  3. Find a somewhat objective method for coming up with a “fair-value” for gold. That way when everyone else starts throwing out random target prices ($1,000, $2,000, $5,000) I’ll at least have something to add to the conversation.

Daniel Morillo, Global Head of Investment Research for iShares:

For 2012, I’ve been thinking I need to do something about my vacation time. I thought that fewer days away from the office would be good because I’ve had a nagging sense that when I am out of the office and on “vacation” the market tends to go down and become more volatile.

I gave in to temptation and checked the data. Looking at all my time off since 2009 (including both regular vacation time and the odd days off for parent-teacher conferences and such) I found that while the S&P500 average daily return since January 2, 2009 was about +6 basis points, the average daily return when I was out was about +12 basis points.

While my perception of what happens when I am out of the office turns out to be wrong, I can still use the data to make a resolution: For the good of all investors I will take more time off this year.

Del Stafford, Head of Product & Investment Consulting for iShares:

For 2012 I have two resolutions. First, I’m resolving to look for opportunities to serve on the board of a local charity. Second, when it comes to my personal portfolio, I am going to be more mindful of seeking opportunities for rebalancing.

Sue Thompson, Head of the Registered Investment Advisor Group and 401(k) Sales for iShares:

As I’ve chronicled on the blog, in 2011 I began the search for a financial advisor. But in 2012, I am resolving to actually hire (and to convince my husband “the Pilot” to actually hire) one.

Matt Tucker, Head of Fixed Income Strategy for iShares:

My 2012 financial resolution is to review my personal investment portfolio on a more regular basis.  Like a lot of investors I make periodic adjustments to what I own, but in the past these revisions have been irregular.

In the New Year I want to look at my portfolio on a quarterly basis and make sure it is positioned as I want it. I will be asking myself four key questions:

1. What are my investment goals?

2. What do I believe about the markets?

3. Is my portfolio positioned appropriately given my goals and beliefs?

4. Do I understand all of the risks that I am taking and am I comfortable with them?

Now, it’s your turn to tell us: What’s your New Year’s resolution?