Investment tasks and goals for 2008

I will not offer any investment "resolutions" for 2008, but I will offer a set of tasks and goals for investment in the coming year:

1. Think about various asset classes where money can be deployed
2. Think about an asset allocation model using those asset classes
3. Think about how the asset allocation model might shift in response to changing market and economic conditions
4. Spend less
5. Save more
6. Review and revise target size for rainy-day contingency fund. Make sure it is big enough, but don't overdo it.
7. Consider acceleration of paydown of back taxes and consider parameters for paying them off completely
8. Spend less time worrying about fine tuning investments
9. Spend more time seeking out major changes to investment strategy that could reduce net risk while enhancing long-term gain
10. Continue focusing on career enhancement and net saving rate as the larger impact, relative to investment strategy tuning, on my annual increase in net worth for the next several years
11. Consider diversification that significantly raises return while significantly reducing risk, but avoid mindless diversification for the sake of diversification
12. Simply my overall investments and investment strategy, but not so simple that it adds significant risk or significantly reduces return
13. Learn some new things about investing, broaden my horizons
14. Read more
15. Write more
16. Become more disciplined

-- Jack Krupansky