Top 9 Assets To Hold in 2024

253: 2024 GOAT Portfolio

Markets seem to be throwing everyone for a loop recently — including some fo the best money managers in the world.

Everyone is looking for the next best thing to print profits on. The current macroeconomic and geopolitical environment is making that very difficult for the majority of people. Even worse, the wealth gap is growing rapidly in the United States.

All around the world trends are becoming more concerning for investors and making it difficult to anticipate what is coming down the line. China's stock market has lost $1 trillion in value over roughly 13 trading days.

The S&P 500 ended 2023 with a 24% increase and in 2024 it seems that markets will continue to defy expectations — the S&P is up 4.4%, the Nasdaq is up 5.72%, and the Dow Jones is up 1.98%. Jerome Powell announced last week that the Fed may have to dial back it’s initial hopes of quick rate cuts in 2024.

“The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at all controversial”.

On the heels of the Covid 19 pandemic the US debt level has reached $34.16 Trillion.

$34.16 Trillion folks.

If the outlook of national financial prosperity is bleak — the reality on the ground is also worsening for many Americans.

Bankrate's latest survey results found that nearly 56% of U.S. adults lack the emergency funds to handle a $1,000 unexpected expense and one-third (35%) said they would have to borrow the money somehow to pay for it (Fox). This is startling.

Any recession or prolonged downturn in markets could mean that many people are stuck without the cash or funds to handle day to day expenses or emergencies.

Today we’ll be walking through 9 Assets and a few other ideas that in my opinion could make up a very strong core portfolio in the years to come. Everyone is on the hunt to boost their income and net worth in an effort to shield themselves from the uncertainty and volatility we are seeing socially, politically, and economically.

Those who have read Arb Letter know my track record is strong — particularly within crypto and tech with solid calls on a number of names in the last two years. Shoutout LINK 0.00%↑ — up nearly 300% since we urged a strong buy at the $5/$6 level months ago.

I look for solid long term names to hold that generate quicker returns due to adoption of technology and changing narratives. The idea is to generate returns within a year so that you have the option of either selling half of your position or riding it out longer term because you have cash and profits to rebalance your exposure with.

Not rocket science or some market algo from a quant at AQR.

Basic picking of quality names and assets.

Everyone including professional money managers and Portfolio Managers at top hedge funds get calls wrong — nobody is perfect. With that being said, today we’re covering 9 Assets that I feel have the strongest capacity to bolster a long term portfolio and produce outsized returns.

The blunt truth is — many people are going to be nowhere near retirement. — even Boomers who thought they were well off are realizing nothing is for certain in today’s market. This is another whole issue I will have to spend some time speaking to at some point — the sheer amount of people in this country who will be working into their 60’s and 70’s with no end in sight. On top of that, with entrenched inflation, hyper partisan politics, and a faltering job market disrupted by cost cutting, automation, and AI — most people’s economic future is not guaranteed to be successful, prosperous, or rewarding.

The opposite is true. Many will not make it.

If you’re a seasoned trader or investor today will be a solid overview of some names you’re likely already holding. If you have only a 401k or retirement account today’s guide will provide you with some ideas as to how to structure a more aggressive portfolio to attempt to outperform your longer more conservative holdings.

If you read Arb Letter you know there are a myriad of geopolitical, macro, and social factors we are going to have to endure and fight through in the coming years to come out on top and be successful. Still, financial prosperity is one of the top tools you can use to:

a.) escape a shitty 9-5 corporate job for the rest of your life

b.) buy back your freedom and time to spend on things you want

c.) make sure you are insulated from the madness around us

The point of today’s guide is to give you the almost perfect package of 9 assets (equities/crypto based) to generate life changing returns — not a meager 8% each year. These picks cover several industries and spaces and together could form the backbone of a very strong portfolio that generates returns from human nature, geopolitical conflict, advances in AI and technology, and societal conditions that we see changing before us with each passing week.

Let’s get into it.

“How many millionaires do you know have become wealthy by investing in a savings accounts? I rest my case.’’

Robert G. Allen, Author