Sallie's Opinion

In 2023, Let’s Talk Fundamentals, Not Forecasts

For my first column of the year, I considered writing a forecast for women and money in 2023. You know, a classic outlook-type thing.

But then I thought better of it.

Because the trouble with forecasts, especially financial ones, is that they aren’t all that reliable — particularly because it is so easy to fall into the trap of extrapolating whatever is going on, into the future. (If it’s sunny today, it’s easy to forecast it will be sunny tomorrow.) In volatile times like today, that means you can overshoot or undershoot — by a lot — missing out on opportunities or risks.

Instead, I decided it’d be better to go back to some core principles on money and investing — the tried-and-true lessons that can set us all up for success, regardless of what’s ahead.

Read on for some of the most important things we believe at Ellevest, starting with: If you don’t control your own money, you don’t control your own life.

READ THE REST

CO-FOUNDER & CEO

An illustration of a cursor pressing on a button labeled “RESET.”

IN: Spending plans

OUT: Not knowing where your money is going. Sign up for our 4-Week Money Reset email course (complete with worksheets!) to get a clear picture of your finances and plan for your goals.

FREE FOR MEMBERS >

Woman in a pantsuit walks up a set of shapes. Illustration.

IN: Investing in your financial wellness

OUT: Not treating our money with the same care we give other areas of our lives. To help you get a head start, read our essential guide to practicing financial wellness this year.

YOU’VE GOT THIS >

Collage: a circular photo of $1 bills, a climbing line graph over a circle, a plain circle, an upward arrow, balanced scales, and a pie graph.

Why is consistency key in investing? 🔑

The short answer: Dollar-cost averaging. The longer answer: Read our explainer on why it’s important to keep investing, no matter what the market is doing.

TAKE IT FROM DR. SYLVIA KWAN >

Three boxes that read, “Withdraw? Roll over? Do nothing?” Illustration.

Got a new job in 2023?

First of all: Congrats! Second of all, it may be a good time to think about what you want to do with your 401(k). Here’s our guide to 401(k) rollovers — what they are and how they work.

GET THE LOWDOWN >

File under 2023 plans

•

Investing, Part 1: How It All Works: The beginning of the year is a good time to dig into the most important investing concepts. 💸️

FRIDAY 3 PM ET: Sign Up

•

Planning for Your Dream Retirement: Did you set money intentions for 2023? If investing in Future You is one of them, this workshop is made for you. ☕️

NEXT TUESDAY 7 PM ET: Sign Up

•

All About Membership at Ellevest: Learn what an Ellevest membership can do for your money goals (then come join us!) 🎯️

NEXT WEDNESDAY 5 PM ET: Sign Up

Busy this month? Check out all upcoming workshop dates and times.

New year, new tabs!

•	First New York, now California: Salary transparency may be coming to your state next. Here are all the laws going into effect in 2023 that may help you make your next big salary ask.
•	Got a side hustle? Don’t stress out just yet about the IRS's new income reporting rule for people who make more than $600 through platforms like Etsy and Airbnb.
•	Colleagues who ice bath together … work best together? More and more companies are taking their employees (and potential ones, too) to wellness spas as a novel alternative to boozy dinners and happy hours.
•	New thing to blame on inflation: the death of the first dinner date.
•	We lost Barbara Walters on Friday. Vulture takes a look at what made her the best at what she did.

“Big F YEAH to the Ellevest team! They've managed my $ for the last 3+ years. 13/10 would do it all over again!” – Ana

START INVESTING

This week’s newsletter was brought to you while shopping for a hot pink boa. Forward it to your friends who deserve an elaborate surprise party for their promotion.

MAGAZINE

STORE

DISCLOSURES

Testimonials were given by clients of Ellevest, Inc. Testimonials are representative of the client's views at the time collected, may not be representative of the experiences of other clients, and do not provide a guarantee of future performance success or a similar experience or services.

All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and past performance is not predicative of future results.

Ellevest, Inc. is a SEC registered investment adviser. Membership fees and additional information can be found at www.ellevest.com.

Support |

Not a subscriber?

What The Elle - ✨ New Year, Same Fundamentals

In 2023, Let’s Talk Fundamentals, Not Forecasts

IN: Spending plans

IN: Investing in your financial wellness

Why is consistency key in investing? 🔑

Got a new job in 2023?

File under 2023 plans

New year, new tabs!

“Big F YEAH to the Ellevest team! They've managed my $ for the last 3+ years. 13/10 would do it all over again!” – Ana

This week’s newsletter was brought to you while shopping for a hot pink boa. Forward it to your friends who deserve an elaborate surprise party for their promotion.

Older messages

Got Resolutions? (We’ve Got You.)

💸 Your fave Ellevest content in 2022

👛 How Do We Solve the Masculinity of Wealth?

Take two, with fixed links: ⛅ What About 2022 Was Hopeful?

⛅ What About 2022 Was Hopeful?

You Might Also Like

💔 Google's big breakup

A brand new opportunity in the stock market revealed

🏦 The problem with “stress-saving”

John's Take 11-21-24 Climaxes

👁️ Nvidia opened up

Get a fresh start on your finances

Prepare for a better future, starting today

Tap into this trade today for up to $3k on Thursday

Issue #262: Bin it and try again

Harry's Take 11-20-24 Russell 2000 Backed Off New High: Critical Make or Break