If you want to build a strong investment portfolio, it is important to stay up-to-date with the latest economic news and events. Big events can significantly shake up the stock market. Understanding when these might happen could help you to protect your funds from a loss. Here are three upcoming economic events that every investor should be aware of in 2023.
How to keep up with the finance industry
Before we delve into the upcoming events to be aware of, you may be wondering how to stay updated yourself.
There are a number of ways that investors can keep up with the finance industry without spending hours conducting research. Here are a few options to consider:
Building an investment portfolio: Using an economic calendar
One of the easiest ways to stay up to date with the finance industry is to use a US economic calendar. These tools provide detailed insight into the exact dates of key events, decisions and announcements. There are a number of free options available online. A good idea is to copy key dates into your own calendar so that you do not miss important events.
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Subscribe to a financial newsletter
Financial newsletters are a great tool for building an investment portfolio that can deliver key news straight to your inbox. This way, you do not need to scan through pages of irrelevant news. Instead, every important news story will be summarized and sent to you.
Listen to a financial news podcast
If you don’t enjoy reading, podcasts are an excellent alternative to consider. There are a number of financial news podcasts available to download that can be listened to in the car, on the way to work or even in the shower!
It is a good idea to regularly consume multiple sources of news so that you don’t miss out on key events or industry decisions.
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3 economic events to watch in 2023
We are only four months into 2023 and a lot has already happened in the finance space. Silicon Valley Bank has recently collapsed which has turned investors towards decentralised alternatives. Recession has continued to rise. Here are three major events to watch out for in the coming months that may affect your investment portfolio.
Federal reserve interest rate decisions
The United States Federal Reserve is currently in the spotlight as they have already made some key decisions around US interest rates and are set to make more in the coming months. The United States is one of the largest global economies so any decisions that are made are bound to shake the market as a whole.
In particular, interest rate decisions will greatly impact the value of the US dollar which would have a domino effect on the stock market. This is because the US dollar is required to buy American stocks.
If you hold American stocks in your portfolio, it may be a good idea to keep up to date with the Fed interest rate decisions.
Photo by Austin Distel on Unsplash
Housing market reports
The housing market has been steep due to rising inflation rates. However, some experts predict that the price of housing is due to fall in the near future. As a result, investors should keep an eye on housing market reports so that they can prepare their portfolios for a potential price fall.
Housing market reports are released regularly. The best way to receive updates about the release of reports is to use a calendar or reliable news source. A drop in the price of housing could open up a great opportunity for real estate investments.
The regulation of crypto assets
Another big ongoing debate to watch in 2023 is the regulation of crypto assets. Countries including the US, UK and Europe are currently debating regulatory policies surrounding digital assets, such as Bitcoin.
The final verdict of these discussions could be pivotal for investors. If cryptocurrencies are regulated, mass adoption could speed up and the price of some currencies may turn bullish. For those who hold crypto in their investment portfolio, this could result in excellent returns.
On the other hand, if crypto assets remain unregulated or even get banned, the value of currencies could fall and investors may lose capital.
Overall, 2023 is set to be an interesting year for the financial industry. Investors should use reliable resources to stay up to date with discussions and events that may affect the value of their portfolio.
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