I’d take health over wealth any day. It’s far more precious, and keeping it involves more thought and care than a pile of treasure or extra zeros in one’s trading accounts.
But, yes. Hopefully, all of us will be able to get through 2024 without too much financial grief and maybe even make a buck or two. I’m betting that the energy sector is where efforts and attention should be placed. The Houthis really have brought the Evil Empire to its knees, which is going to have spillover effects in other sectors as well.
That, and country funds look interesting to me for 2024, especially as the US increasingly marginalizes itself on the world’s stage and BRICS Plus increasingly steps forward. For sure, in the past, our home market provided plenty of investing opportunities, negating to need to look elsewhere. But that time and world is fading. Were I truly brave, I’d get involved with trading currenices, because the money can be good. But the homework is horrendous, and the markets are 24/7. The comprise I’m considering is the trio of UUP, BITO, and IAU, but long only, no inverses, because they tend to be illiquid.
That trio could make up 5% of a trading universe. So I need to find another 17 (or so) things I’m willing to track and trade. For sure, DBA and places like ILF, PIN, NGE, PAK, GREK as offsets to RSP. Throw in a few industries like TAN, FAN, URA, BDRY, and I’ve got a full plate.
Years ago, when Washington Wall Street was still being produced, the guy who ran the Schaeffer Value fund was interviewed. His disciple was to be always fully invested in 33, equally-weighted stocks. If he wanted to buy something, he had to sell something. The simplicity of that approach has always appealed to me even though I did the opposite in my bond investing/trading and carried hundreds of positions as a means to manage my risks. But a highly contrained, longs only, trading universe limited to 30 or so ETFs appeals to me, rather than chasing hither and yon after the latest “hot stock” or getting involved with inverses, which I fully expect to be banned again as the market crashes.