How $10,000 Fared in 2024 Across a Range of Standout Investments
Published On Jan 1, 2025, 7:44 AM
In 2024, economic volatility was mitigated by strong market performance, particularly in the US, which saw a 16% gain in global stocks. The large tech companies known as the 'Magnificent Seven' (such as Apple and Microsoft) surged by over 67%. Bitcoin and gold also performed exceptionally, with Bitcoin up more than 120% and gold increasing by 27%. Argentina's stock index was the highest performing globally due to positive political changes. Overall, investors who took risks were rewarded significantly.
Stock Forecasts
XLK
Positive
The significant increase in large tech stock valuations indicates ongoing interest in AI and technology advancements. Investors may want to consider ETFs focused on these sectors, like XLK, which targets technology companies.
GBTC
Positive
Bitcoin's strong performance attributed to favorable regulatory shifts suggests potential for continued investor enthusiasm. Bitcoin-focused assets like GBTC could be viable.
GLD
Positive
Gold's performance indicates continued interest as a safe haven asset amidst geopolitical tensions. Consider ETFs such as GLD which track the price of gold.
EPI
Neutral
Argentina's market resurgence presents an opportunity; however, political and economic stability is still in flux. Investors should approach Argentinian investments cautiously, focusing on diversified instruments like EPI which offers exposure to the region.
Related News
Trump Weighs In on Immigrant Visa Debate but Offers Little Clarity
Dec 28, 2024, 9:28 PM
He said in an interview that he had used the visas for skilled workers “many times.” But he has mainly used visas for unskilled workers like housekeepers.
MicroStrategy mania exposes rare faultline in ETF industry
Dec 24, 2024, 5:03 AM
The sheer popularity of betting on the bitcoin-buying juggernaut MicroStrategy has led to rare growing pains in a corner of the $15tn global...
Stock market today: Dow, S&P 500, Nasdaq slide as government shutdown looms, inflation data improves but still sticky
Dec 20, 2024, 9:31 AM
Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.