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Here’s my investing plan moving forward into 2024! We have a lot of big things to consider in 2024: the election, interest rates, and economic environment. My plan is aimed at a long-term investing plan that I can continue with a well-mannered temperament.
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Timestamps:
0:00 – Start Here
0:18 – 2023 Recap
1:37 – Elevated Interest Rates
3:56 – Presidential Election Year
5:15 – Revised Retirement Account Limits
7:12 – Asset Allocation for 2024
8:47 – Optimizing for Endurance
10:38 – Personal Situation for Cash
12:17 – Real Estate
12:47 – Cryptocurrency & Conclusion
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PS: I am not a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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Thanks for watching this year, all. The channel grew a ton and the support means a lot ❤🙏 Subscribe and I'll see you NEXT YEAR (lol)
By Cash do you mean cash in house or bank in a savings account? I use to keep cash aside for emergency , but always had the fear will spend it or lose it.
Great video. Would love to hear more about your plans for buying a home in 2024 and what criteria (e.g. interest rates fall below "X") you're waiting for before you strongly consider buying.
Shopify is the easiest play. I work deeply in e-commerce and Shopify is simply here to stay for a long time. Absolute beast platform.
I like that plan of "keeping your hand off the trigger"! The best investments are the ones you wait for.
Put your cash into a high yield savings account
You say you hold 25% in cash but where is the best place to keep your cash? I’m keeping it in my savings account where it earns next to nothing. Thanks for your great videos. I’m an older investor who has been lazy with my investing until recently and am learning a lot.
This is a question for anyone that would like to share their advice. I do dollar cost averaging in the US, but I also have a stock account in Australia, but every time I purchase any stock, there is a small cost for each share purchase, depending on the amount purchased. This is much different to the US where there are no charges to constantly buy or sell shares. Is dollar cost averaging still effective for my Australian stock account. Your advice would be appreciated. 14:18
should i bother with IRA if i want to retire before 50/65? i bother with 401k since i can get employer match? if i wanna retire before 50/65 should i keep using a regular brokerage account?
My plan is to continue stacking my coins in Nexo.
The music is annoying in the background. Makes it harder to hear what is being said. What good does it do?
I agree with the slight tilt toward more cash. For the 1st time in years, you can get paid to wait (5%). Pretty good deal with the sky-high evaluations of the tech sector.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller
When it comes to investment, diversification is key. That is why my interests are set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech, Health, coins, and gold. I'm also working on an investment plan that includes AI looking into Nvidia, MSFT, and Alphabet stocks among others with my Fin. Advisor, Linda Sue Baier. It's been a year and a half of steady growth…
I’m 36 and starting my life from 0. Where do I start from for investing in mutual fund in 2024. Thank you
Jan 25, 2024 now look at Tesla's stock today
Love the PbatesLTD content. I think this project is just as essential as HBAR and they both will be great movers
I'm DCAing in PbatesLTD as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Truly love your candidness, I DCAed today again for BTC PbatesLTD and ETH
I’ll be adding PbatesLTD to my portfolio soon, 10k is plenty to start.
Id love if you made videos that tracked a portfolio that followed your strategy and showed gains and losses
Great advice
Ramit Sethi: "Do Not Buy A House!"
You're the man Humphrey, thank you for all your advice this year!
I'm interested in investing in alternative assets but I'm not sure if it's a good idea. Can anyone provide some insights on their risks and potential rewards?
People who are successful don't only appear that way. Hard labor produces the things that most people view as riches, a fulfilling profession, and purpose.
Well my plan is simple. Just carefully buy and buy and buy as much as I can whenever I can in the next correction. This is for those who know where to look though. I made over $910k in profits alone during the last correction and even pulled it off with ease in a bad economy. Looking to more this year.
Thank you 🙏🏾🙏🏾
Truly love your candidness, I DCAed today again for BTC PbatesLTD and ETH
What mutual fund do you recommend for long term
Love the Dragon Ball Z Kai reference 🧡 Just opened my first self directed Roth IRA. Very exciting!
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.