Confirm you would like to unsubscribe from this list

Don't save

Remove strategy

Confirm you would like to remove this strategy from your list

Welcome to Thornburg

Please select your location and role to help personalize the site.
Please review our Terms & Conditions

For Institutional / Wholesale / Professional Clients

The content on this website is intended for institutional and professional investors in the United States only and is not suitable for individual investors or non-U.S. entities. Institutional and professional investors include pension funds, investment companies registered under the Investment Company Act of 1940, financial intermediaries, consultants, endowments and foundations, and investment advisors registered under the Investment Advisors Act of 1940.


Please read the information below. By accessing this web site of Thornburg Investment Management, Inc. ("Thornburg" or "we"), you acknowledge that you understand and accept the following terms and conditions of use.


Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be licensed or available in all jurisdictions and there may be restrictions or limitations to whom this information may be made available. Unless otherwise indicated, no regulator or government authority has reviewed the information or the merits of the products and services referenced herein. Past performance is not a reliable indicator of future performance. Investments carry risks, including possible loss of principal.

Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security. The information is not a complete analysis of every material fact concerning any market, industry, or investment, nor is it intended to predict the performance of any investment or market.

All opinions and estimates included on this website constitute judgements of Thornburg as at the date of this website and are subject to change without notice.

All information and contents of this website are furnished "as is." Data has been obtained from sources considered reliable, but Thornburg makes no representation as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg disclaims, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

Although Thornburg intends the information contained in this website to be accurate and reliable, errors sometimes occur. Thornburg does not warrant that the information to be free of errors, that the functions contained in the site will be uninterrupted, that defects will be corrected or that the site and servers are free from viruses or other harmful components. You agree that you are responsible for the means you use to access this website and understand that your hardware, software, the Internet, your Internet service provider, and other third parties involved in connecting you to our website may not perform as intended or desired. We also disclaim responsibility for damages third parties may cause to you through the use of this website, whether intentional or unintentional. For example, you understand that hackers could breach our security procedures, and that we will not be responsible for any related damages.

Thornburg Investment Management, Inc. is regulated by the U.S. Securities and Exchange under U.S. laws which may differ materially from laws in other jurisdictions.

Online Privacy and Cookie Policy

Please review our Online Privacy and Cookie Policy, which is hereby incorporated by reference as part of these terms and conditions.

Third Party Content

Certain website's content has been obtained from sources that Thornburg believes to be reliable as of the date presented but Thornburg cannot guarantee the accuracy, timeliness, completeness, or suitability for use of such content. The content does not take into account individual investor's circumstances, objectives or needs. The content is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services, nor does it constitute investment advice and should not be used as the basis for any investment decision.


No determination has been made regarding the suitability of any securities, financial instruments or strategies for any investor. The website's content is provided on the basis and subject to the explanations, caveats and warnings set out in this notice and elsewhere herein. The website's content does not purport to provide any legal, tax or accounting advice. Any discussion of risk management is intended to describe Thornburg's efforts to monitor and manage risk but does not imply low risk.

Limited License and Restrictions on Use

Except as otherwise stated in these terms of use or as expressly authorized by Thornburg in writing, you may not:

  • Modify, copy, distribute, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other materials (collectively, "Materials") on, generated by or obtained from this website, whether through links or otherwise;
  • Redeliver any page, text, image or Materials on this website using "framing" or other technology;
  • Engage in any conduct that could damage, disable, or overburden (i) this website, (ii) any Materials or services provided through this website, or (iii) any systems, networks, servers, or accounts related to this website, including without limitation, using devices or software that provide repeated automated access to this website, other than those made generally available by Thornburg;
  • Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to this website or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with this website through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to this website; or
  • Modify, copy, obscure, remove or display the Thornburg name, logo, trademarks, notices or images without Thornburg's express written permission. To obtain such permission, you may e-mail us at info@thornburg.com.

Severability, Governing Law

Failure by Thornburg to enforce any provision(s) of these terms and conditions shall not be construed as a waiver of any provision or right. This website is controlled and operated by Thornburg from its offices in Santa Fe, New Mexico. The laws of the State of New Mexico govern these terms and conditions. If you take legal action relating to these terms and conditions, you agree to file such action only in state or federal court in New Mexico and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.


You acknowledge and agree that Thornburg may restrict, suspend or terminate these terms and conditions or your access to, and use, of the all or any part this website, including any links to third-party sites, at any time, with or without cause, including but not limited to any breach of these terms and conditions, in Thornburg's absolute discretion and without prior notice or liability.

Give Us a Call

Fund Operations

A Snowy Owl sitting on a sand dune with brown grass around it in a light snow on a cold winter day.
Build Your Business

The Magic of Calendar-Driven Goal Setting

Jan Blakeley Holman, CFP, CIMA, ChFC, CDFA, CFS, GFS
Director of Advisor Education
19 Jan 2022
3 min read

It’s the start of a new year and with that comes new goals. We’ve got tips on how to make them more likely to succeed this year.

January 2022, the beginning of a new year! The time when it’s possible to celebrate last year’s accomplishments, forgive ourselves for the things that didn’t go as planned, and decide what we’re going to achieve in the new year just by flipping a calendar page.

The process of committing to new year’s goals is called making “New Year’s Resolutions.” I call it “calendar-driven goal setting”. What it’s called isn’t really important, but it is helpful to know that calendar-driven goal setting is the most efficient approach to creating new goals. Think about it, instead of having to remind yourself that you need to decide upon your 2022 goals, the calendar does it for you.

If you haven’t decided upon your goals, you still have time. And if you’re so inclined, you can take part in one of many of the annual rituals that prepare you to achieve even more in the new year, including:

  • Setting a Match to Last Year
    While this isn’t technically a goal setting activity, it is a way to close the door on last year’s goals. In this practice, you invite folks to a bonfire. To prepare for the event, all participants write down their achievements, failures, names of people they want to banish from their lives and disappointments of the previous year. Then you all throw your lists into the fire and as they burn, you say goodbye to the year that just ended. While I don’t think this ritual ever closed the door on anything or prevented me from wallowing in my previous year’s misfires and mistakes, I did learn that you take a huge risk if you wear a down jacket to a bonfire, because bonfires and down jackets present a recipe for disaster. As it turns out, the crackling sound from the bonfire is usually accompanied by the little sparks and those little sparks will burn tiny holes in your jacket, guaranteeing that every time you wear that coat you will leave a trail of feathers wherever you go.
  • Feasting on Black-eyed peas (not the band, the vegetable)
    The New Year’s ritual meal of black-eyed peas with collard, mustard, or turnip greens, is said to bring good luck to those who enjoy it. The upside: with the right amount of luck, you may not need to set goals at all. The downside, you must choke down the meal to have a chance at the luck.
  • Taking a New Year’s Polar Plunge
    Every January it’s common to see clips of individuals, clad in virtually nothing, jumping into freezing cold water. In my home state of Minnesota, the registration fees paid by participants are donated to the Special Olympics, an exceptionally worthy cause. Unfortunately, the activity itself is rather “iffy” because jumping into 30-degree lake water when the air temperature is 3 below zero and the windchill is 20 below, can lead to death. Ok, maybe I’m exaggerating, but there have got to be better ways to ring in the new. If you choose to forego this ritual, consider making a donation to the Special Olympics anyway!

Or better yet…

Find a quiet place, sit down with the hot drink of your choice, and write down the goals you want to achieve this year. While quiet is good and a hot drink is always comforting, writing down your goals is what’s important here because when you write them down, there’s a greater likelihood you’ll achieve them.

In 2015 Dr. Gail Matthews, a professor at California’s Dominican University, conducted a study on goal setting. She divided the participants into five groups:

  • Group 1: set no goals and had no concrete plans
  • Group 2: set goals but did not prepare a plan to execute them.
  • Group 3: prepared well-defined goals and plans of action to achieve them
  • Group 4: prepared well-defined goals and plans of action, then sent these to a supportive friend
  • Group 5: prepared well-defined goals and plans of action, then sent these to a supportive friend, together with weekly progress reports

The recipe for success was clear. A resounding 70 percent of the members of Group 5 achieved their goals or were more than halfway there compared to only 35 percent of those who kept their goals secret and had no plans. So, write down your goals, come up with a plan of action, send them to a friend and update your friend weekly.

Discover more about:

Stay Connected

Subscribe now to stay up-to-date with Thornburg’s news and insights.

More Insights

Racers at the finish line on a track
Global Equity

Forget the Magnificent 7 – Why You Should Invest in Europe’s Fantastic 5

Europe has its own crop of market-beating growth stocks that are overlooked compared to the Magnificent Seven in the US.
Choosing between an older advisor and a younger advisor.
Investor Advice

Should You Opt for an Older or Younger Financial Adviser?

Do you want the wisdom that comes with age or the innovation that comes with youth? Maybe you can have both with an advisory team.
Markets & Economy

Observations: The Value of Dividends and Munis to Stoke Income

Our Co-Heads of Investments make the case for dividend-paying stocks and the tax-free feature of Munis as tax hikes are possible, given our government debt levels.
Markets & Economy

Observations: Market Concentration and the Fed’s Policy Outlook

Our Co-Heads of Investments discuss whether the equity market rally is finally broadening and whether the Fed's forecast for three rate cuts makes sense.
Markets & Economy

Observations: Are Investors Too Complacent?

Our Co-Heads of Investments discuss whether the financial markets' substantial gains following last autumn's 'Fed pivot' left investors smug amid potential dangers.
Woman with her smart phone and plexus connection
Global Equity

Avoiding Concentration Risk in AI: Is It Time for a Reality Check?

Overexuberance for all things AI can create concentration risk. See how we’re curating diversified exposure designed to perform over the long term.

Our insights. Your inbox.

Sign up to receive timely market commentary and perspectives from our financial experts delivered to your inbox weekly.