Eat healthier, exercise more, have a better work-life balance. These are all common New Year's resolutions. But what are some resolutions that investors should make for 2024? Yahoo Finance spoke to experts across the industry for their investing advice in the New Year. Diversify your portfolio (00:00:03) "We should all be happy when we get higher returns in our portfolios, Apollo Global Management Chief Economist Torsten Slok said. "But the composition of these returns really matters. Thinking about, am I diversified enough in my investments?" Do your research on undiscovered companies (00:00:44) "It's been really easy in the past couple years to stick with the large cap names," Bailard Executive Vice President of Domestic Equities Dave Smith said. "I think it's going to be increasingly important to seek out those undiscovered names and really do the hard work on names that have been disproportionately impacted over the last year." Create long-term balance (00:01:15) "I think we learned a couple lessons through 2023," Vanguard Chief Economist & Global Head of Portfolio Construction Roger Aliaga-Díaz said. "Think about diversification, think about balance, especially for investors that have more of a long-term goal." Stay the course, be risk aware (00:01:50) "There's two resolutions in particular. We have one camp of investors that are scared with the run-up. They've flocked into cash. My advice there would be to stay the course, be risk aware," Innovator Capital Management Head of Research & Investment Strategy Tim Urbanowicz said. "And then you have the other 'stocks only go up' crowd, which are expecting the Mag 7 to produce the massive returns that they did last year. Tamper down those expectations. Consider the starting point." Mitigate risk in the market (00:02:17) "For investors, I think it's a great time right now to do a little bit of a gut check. We just saw incredible returns. You're seeing a lot of momentum around allocating to riskier parts of the market," John Hancock Investment Management Co-Chief Investment Strategist Emily Roland said. "It's really easy to get caught up in the excitement of reaching for risk here. And it's not that we don't want to participate. We do. We just want to be really mindful of mitigating risk by looking to higher quality and more defensive areas of the market." About Yahoo Finance:
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