From Nasdaq:

In 2024, as you’re putting together a list of New Year’s resolutions, don’t forget to add some investing resolutions. Committing to monthly investing, understanding your risk tolerance, favoring diversification, not worrying about near-term moves, and considering dividend stocks could set you on the right path to financial freedom long term.

Monthly investing allows you to progressively grow wealth with pocket change by starting positions in stocks, good for controlling your financial future. Remembering your risk tolerance will help you stay comfortable and make better decisions. Diversification, or investing in various industries, reduces risk. Don’t worry about short-term stock moves – focus on the company’s long-term prospects. Consider Dividend Kings like Johnson & Johnson or Coca-Cola for passive income, which can limit losses and boost your portfolio in difficult market conditions. By committing to these five investing resolutions, you can help grow your wealth over time.



Read more: 5 Top Investing Resolutions for 2024