By Emma Vosburg and Cameron Hight
Every year, people make New Year’s resolutions and every year, people break them. Creating positive habits that reinforce resolutions is the difference between the people that keep their resolutions and those that break them.
Creating process that works for you is the key to forming habits that lead to accomplishing your goals. You must commit to the process. For investors, a lack of systematic investment process means it will be difficult to consistently outperform your competitors. Alpha Theory is process in a box!
Let us help you create a winning process and build the habits necessary to fulfill your New Year’s resolutions. Let’s look at a list of possible Alpha Theory New Year’s goals:
CREATE PROCESS ----> BUILD HABITS ----> ACHIEVE GOALS
Why make an Alpha Theory New Year’s resolution? Alpha Theory’s research not only suggests that adoption of the application by itself leads to improved performance, but actual usage further enhances results. In the table below, we show that clients who are more process oriented (as measured by having price targets, frequency of review, and diligence at updating position size based on their forecasts) outperformed our clients who were less diligent.
A systematic approach to accomplishing goals is valuable in every aspect of life. In 2017, create process that builds habits and allows you to achieve your goals. No excuses!