My Data-Backed Investing Plan for 2024

Thanks to WeBull for sponsoring a portion of this video, check them out below:

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

RESOURCES:

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!

[humphrey]

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)

[DonaldMark-nese]

The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point.

[nicolasbenson]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[investorplus]

Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich.

[Abelone-Alvilda]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[FredAndrew-rxod]

I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[greekbarrios]

Will this approach also work for a new investor with about $50, 000 or more hoping to create a start up portfoIio? Or please how would you advice they go about it? It's all reliable advice that I'm searching for.

[RoseCrediitRepair]

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!

[Okchpod]

I’ll be adding PbatesLTD to my portfolio soon, 10k is plenty to start.

[ythh]

Love the PbatesLTD content. I think this project is just as essential as HBAR and they both will be great movers

[markamark]

Thanks for the video. I finally established a side hustle to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line. Your videos are inspiring and keep me in a savings & investing mindset. I appreciate it.

[Yyhhtt]

Truly love your candidness, I DCAed today again for BTC PbatesLTD and ETH

[beccaog]

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.

[T-Starks]

You're the man Humphrey, thank you for all your advice this year!

[LyndaWatkins]

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?

[vancouversworstdrivers]

I'm glad you mentioned that you're holding ETF's more now. I hear a lot of stock people saying that "everyone should hold ETF's" but then put a majority of their money in individual stocks. Let's just say when things go down they rarely report what happened to their holdings lol

[rick.austin]

Amazing overview Humphrey, I loved the part about the endurance and long term perspective with the "average returns". That's what I also teach in my channel.
Always great watching another of your videos Humphrey!

[babak]

I wish we had someone like you for the Europe market as well

[colinkavanaugh]

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.

[adamwilliams]

Nothing wrong with holding cash at 5% interest and buying more into the index funds on the pullbacks. I never sell and that's the best long term strategy. You only buy to rebalance if needed and having cash makes it easier. Good luck on your potential real estate purchase and thanks for your invaluable content!