My Top Investment Ideas For 2024

Summary

The video discusses the content creator's top stock and market ideas for 2024 across four key areas: non-tech stocks, small cap stocks, Chinese stocks, and fixed income. He argues these areas offer opportunities compared to the major tech stocks that drove markets in 2023. Specific ideas mentioned include Pfizer in pharma, Costco in retail, a Russell 2000 small cap ETF, existing investments in Tencent and Alibaba despite risks, and benchmark US Treasury and high yield corporate bond ETFs. The creator welcomes feedback on his thesis and ideas others are considering for 2024.

Takeaways

• 😀 The video marks the first one in 2024, after taking some time off over the holidays
• 👍 Andrew shares 4 areas or pockets of the market he is bullish on for 2024
• 💡 He believes non-tech sectors like pharmaceuticals and consumer staples could outperform tech
• 🔎 Small cap stocks that have lagged could see upside if rates fall or sentiment improves
• 🚩 Andrew acknowledges risks but thinks Chinese stocks are depressed and due for a bounce
• 💵 With higher yields, fixed income is more viable than in recent years as rates may fall further
• 📝 Andrew asks viewers to share in comments how many ideas they agree with and why
• 🙌 He thanks long-time viewers and invites new viewers to subscribe
• 🔔 The Blossom app launched in the US after success in Canada with 880k users
• 👍 Andrew is open to video ideas and feedback to improve content

Q & A

What is the overall theme of the areas the speaker likes for investing in 2024?

The overall investing theme seems to be looking outside of big tech stocks and finding undervalued or beaten down stocks and sectors that could rebound if market sentiment improves in 2024.

Why does the speaker say non-tech could be an area to look at in 2024?

The speaker says the big tech/FANG stocks have massively outperformed and driven index returns higher recently. So instead of chasing those stocks at current valuations, it may be prudent to look to other beaten down sectors for better future returns.

What is the speaker's view on small cap stocks?

The speaker sees potential upside in small caps if market sentiment and interest rates improve in 2024. Small caps tend to be more sensitive and have sold off more, so they could rebound strongly if conditions get better.

Why does the speaker still like Chinese stocks even after poor recent performance?

He views the depressed prices of his Chinese holdings, like Tencent, as good long term businesses selling at attractive valuations now. Sentiment could quickly shift on positive catalysts.

What are the speaker's fixed income ideas for 2024?

He discusses bond ETFs, like TLT and high yield bonds, paying 5-6% as attractive income sources, especially for older investors. If rates fall, bonds could benefit further.

What does the speaker say about individual bonds vs bond ETFs?

He says he never buys individual bonds but plays the fixed income space through bond ETFs that give broad exposure for most investors.

What changes and areas of focus does the speaker mention for his business?

He discusses expanding his financial app Blossom to the US market. And focusing efforts across his YouTube channel, Blossom, his investing academy, and Instagram.

What is the speaker's view on diversification and tech concentration risk?

He notes the top tech stocks now comprise 30% of the index. So having flexibility as an individual stock picker allows better diversification when tech dominates.

Why does the speaker say 2024 could see positive market catalysts?

Being an election year, policy decisions tend to aim at propping up the economy and markets. And potential interest rate cuts could also boost sentiment.

What feedback does the speaker request on the video?

He asks viewers to leave comments on how many of his 4 investment area ideas they agree with, as well as any other ideas they have.