Top five investing resolutions for 2017

User Written by Joseph Regan on January 23, 2017.

Top five investing resolutions for 2017

We are already a way into 2017, so I’m a bit late to the party on this one. But at least by now you know whether those resolutions you made at the start of the year are going to fly or if it might be better to replace them with some more realistic ones!

Financial resolutions are always good to secure a better future, so here are my top five investing resolutions for 2017:

1. Diversify

Diversification = protection. Sadly, no matter how cautious of an investor you may be, risk is always present. Even big, seemingly invincible companies can go bust (Lehman Brothers comes to mind) and this is exactly why you should never put all your eggs in one basket.

Diversification isn’t just investing in different companies, you should think about diversifying geographically as well as investing in different industry sectors. And don’t just stick to equities – spread your investments across different asset classes for a truly diversified portfolio. The different levels of risk and return for different investments mean that when one asset class or region is suffering, others will be reacting differently to market conditions.

2. Regularly review your portfolio

While I certainly don’t advocate micro-managing your assets on a daily basis, an approach which will soon drive you crazy, I do recommend that you regularly review your portfolio and rebalance it if required. That means checking to see if it is sufficiently diversified as above, and that your investments are on track to meet your financial goals. Regular reviews with your financial adviser could be a great resolution for 2017.

3. Take a look at the fees you are paying

Investment earnings that are eroded by high fees could seriously detract from any growth your investments are experiencing. Actively managed funds will be costlier than passively managed ones, so you could review your options and reduce fees by switching, but talk it through with an expert first.

Have a look too at how much your financial advice is costing you. If you are paying top dollar for the advice you are getting, it might be worth switching advisers. Be careful to choose a professional with a good track record. For more advice on finding a good financial adviser, have a look here.

4. Make sure your wealth is adequately protected

Wealth creation is the main goal of a financial plan, but you owe it to your loved ones to make sure your assets are well protected should anything happen to you. The best way to do that is by setting up piece of mind insurance. That’s an umbrella term for the different types of insurance which cover your loved ones against losing the family breadwinner to illness or death. This includes medical insurance, life insurance and critical illness cover.

If this is an area you are currently neglecting, why not download our peace of mind insurance guide and consider the policies needed to safeguard the financial future of your family.

5. Minimize your tax liability

No one has ever said “I’d like to work really hard so I can give more to the taxman!” Different rules on taxation will apply depending on where you are tax domiciled (possibly not your country of residence), and you should be aware of how they affect you and your investments. If this is all a bit blurry for you (as it is for many expats), make 2017 the year for you to obtain a better understanding of the tax rules which apply your income, property, capital gains and offshore assets. Then, come up with a strategy for the best ways to minimize tax.

There is lots of information online, but it is far better to speak to a professional who has expertise in this field. While you’re at it, why not consider the estate planning tools at your disposal to minimise the amount of inheritance tax your beneficiaries would be liable to pay should you pass away.

There is no doubt that 2017 is going to be an interesting year on the world stage. I hope that it will also be a prosperous one for you and your loved ones. If you’d like guidance from a professional, I’d love to hear from you. You can call me at +86 152 2182 4499, or shoot me an email at

Joseph Regan

Joseph Regan

Posted on January 23, 2017 in American Expatriates.