New Year, New Investment Strategies: 7 Tips For Beginners

It’s no secret that the stock market is currently experiencing one of its lowest dips in the past few years due to the current state of the economy, and if you are new to investing, this might sound very discouraging to you. However, as someone who’s been in the industry for more than a decade now, I can guarantee that it’s not true. Instead, this could be a good opportunity, not just for beginners, but for experienced investors too!

But still, as a beginner investor, you might still wonder and ask yourself, “How do I take advantage of this moment? What should I do to make sure I’m investing the right way? We’re already at the end of the year, is there still something I can do to make my investing game strong?”, and so on and so forth. 

Well, if you’re here and you’re reading this blog, then good news for you, because we’re just starting the year 2023 and you’ve already found these good strategies I’ll be sharing below (which I wish I had also known sooner when I was still in my early years of being an investor!). A really great way to start off your year right! 😉 

Below are the seven tips for beginner investors like you to try to start your 2023 off right:

If you’re really new to investing… (0 to 3 months)

  1. Learn the basic foundation of investing.

I know it’s tempting to skip learning all the basics and just jump directly into investing because you might think, “Who’s got the time for studying basic stuff?”.Totally not me!” While it’s true that learning the basic foundation of investing may bore you, it’s still very important to undergo this process and learn all the things you can learn about it.

You can think of it as if you’re building a house. Just as a house needs a strong foundation for it to support its structure and withstand the elements, a solid foundation in investing is essential for long-term financial success. Now, what happens if you don’t have a strong foundation in investing? It may cause you to make poor decisions that can lead to financial loss or instability. On the other hand, if you take the time to learn, you can build a strong foundation that will support your financial goals and help you navigate the ups and downs of the market. 

In addition, some of the key components of a strong foundation in investing include understanding the different types of investments available, learning about risk and diversification, and developing a long-term investment plan that is tailored to your specific financial goals and needs. By learning these basics, you can make informed decisions that can help you achieve your financial goals and build a secure financial future.

  1.  Learn as much as you can from the internet!

In this modern world, there is almost nothing that the internet can’t answer or provide. Almost everything is just one search on Google away! 

The same thing applies when you want to learn how to invest and do it properly. As a beginner, you would want to learn as much as you can, especially when it comes to the basic foundation of investing, and as mentioned in tip #1, this aspect is often overlooked by newbie investors, making it one of the reasons why a lot of beginners make a lot of mistakes in their early years of investing.

So, if you search on the internet thoroughly, you’ll see a lot of free resources about investing that are beginner-friendly and have great information that will definitely help you kickstart your investing journey the right way. There are free e-books, free video tutorials, and even free online courses that will teach you all the basic things you need to learn about investing. In addition, we also offer a free online course that will teach newbies the basic fundamentals that they need to learn about investing! You can check them out HERE (hyperlink).

If you’re new to investing, but not really… (3 months to 1 year)

OR If you’ve been investing for quite some time now…

  1. Take Advantage of Tax-Loss Harvesting

Tax-loss harvesting is an investing technique that involves selling investments that have decreased in value in order to realize a capital loss, which can then be used to offset capital gains realized during the year. This can help reduce your tax liability by lowering the overall amount of capital gains that are subject to tax. And as an investor, you should be taking advantage of this technique!

To take advantage of tax-loss harvesting, you will need to identify investments in your portfolio that have lost value and are candidates for sale. It’s important to consider the impact that selling these investments may have on your overall portfolio and investment strategy. You may want to consider consulting first with a financial advisor or tax professional to help you determine the best action for you. Once you have identified the investments you want to sell, you can then use the resulting loss to offset any capital gains you have realized during the year. This can help lower your tax bill and potentially save you money on taxes. 

In addition, it’s important to note that there are limits on the amount of capital losses that can be claimed each year, so make sure you consider the tax implications of any investment sales carefully.

  1. Invest for your children!

Investing for your child/children can be a great way to help set them up for financial success in the future. There are several benefits to investing for your children, including the potential for long-term growth, tax advantages, and the opportunity to teach your children about money management and financial planning.

As mentioned above, there is potential for long-term growth when you invest for them. Also, by investing in a diverse range of assets, such as stocks, bonds, and mutual funds, you can potentially earn a higher return on your investment over time compared to a savings account or other low-risk investment options. This can help your child’s savings grow faster and potentially provide them with a larger financial cushion in the future, and as a parent, who doesn’t want that? Right?

Aside from that, investing for them can also give you tax advantages, depending on the type of investment account you choose. For example, a 529 college savings plan is a tax-advantaged account specifically designed for saving for education expenses. Contributions to a 529 plan may be tax-deductible in some states and the investment growth within the account is tax-free as long as it is used for qualified education expenses.

Finally, this can be a great way to teach them about money management and financial planning too! By involving your child/children in the process and discussing your investment decisions with them, you can help them learn valuable skills that can benefit them throughout their lives.

  1. Maximize your retirement contributions (Roth IRA and/or Traditional IRA).

The year 2023 is just beginning, which means now is the best time for you to do this tip! With that being said, below are a few steps you can take to maximize your contributions to a Roth IRA or traditional IRA:

  • Contribute the maximum amount allowed: The maximum contribution limit for an IRA is set by the government and can change from year to year. Make sure to contribute the maximum amount allowed each year to take full advantage of the benefits of an IRA.
  • Start early: The earlier you start contributing to an IRA, the more time your investments have to grow and compound. This can significantly increase the size of your retirement savings over time.
  • Take advantage of employer matching: If your employer offers a 401(k) or similar retirement plan with matching contributions, make sure to contribute at least enough to take full advantage of the employer match. This can significantly increase the amount you save for retirement.
  • Consider opening a Roth IRA: In addition to a traditional IRA, you may also want to consider opening a Roth IRA. With a Roth IRA, you contribute money that has already been taxed, and your contributions and earnings can be withdrawn tax-free in retirement. This can be a good option if you expect to be in a higher tax bracket when you retire.

By following these steps and maximizing your contributions to a Roth IRA or traditional IRA, you can increase the size of your retirement savings and better prepare for your financial future.

If you’re just too overwhelmed with all the information, you have around you…

  1.  Consider hiring a professional investment coach.

Being a beginner at investing is no easy task as there are a lot of things you need to learn, such as the basic foundation of investing, common terms used by people in the investing industry, etc. While it’s true that you can learn these things on your own since there are already a lot of resources you can find online (see tip #2!), not everyone learns the same way, as we all are unique individuals and we learn things differently, which means some may learn by just reading ebooks or watching video tutorials online, while some may not. So, if you’re someone who needs extra support from the experts, that’s totally fine!

Remember, we’re all unique (which also means we’re all beautiful in our own ways), and there’s no shame in asking for help, especially from professionals with many years of experience!

If you’re interested in working with a professional investment coach, then you might want to consider enrolling yourself in one of the programs my team offer at The Happy Investor Method! We offer various courses that aim to help individuals with different needs. From group classes/coaching to one-on-one coaching, you name it, we have it!

If you’re unsure which course to take, please feel free to reach out and send us an email at  We’ll be happy to assist you with all your questions and guide you through your investing journey!

PS. We just don’t teach our students how to invest properly, but we also teach them HOW TO DO IT PROPERLY AND IN A HAPPY WAY!

  1. Work on your money mindset and fix your emotional relationship with money!

Sometimes, no matter what we do or no matter how many tips online we follow, it still seems like we’ll never achieve our money goals. If this is what you feel, maybe now’s the time for you to revisit your emotional relationship with money and work on sharpening your money mindset.

One of the things you may need to do in order to “heal” your relationship with money is to identify first any negative beliefs or emotions you have about it. Similar to identifying the cause that you may have with your other problems, it’s also necessary and important that you know what’s causing you to have a bad relationship with money. In that way, you’ll have an idea of what steps you’d take in order to solve it. These could include feelings of shame or beliefs that you’ll never have enough or that you’re not deserving of financial abundance.

Once you identify those negative beliefs or emotions, you can now challenge and reframe yourself from having those beliefs or emotions. You can start by questioning the evidence you have for those beliefs or emotions and try to look for alternative or more positive ways of thinking about money.

In addition, you can also practice gratitude and abundance by focusing on the things you already have rather than the things you still don’t have (which you might not even need in the first place). By doing this, you can help shift your mindset and improve the emotional relationship that you have with money. 

Go ahead and reflect regularly on the things you are grateful for and believe that there’s enough for everybody and that you can have the things that you desire! If you want to learn the 7 Phases Of Highly Successful Investors, I have an on-demand training that you can watch right now! CLICK HERE to register!