Charlie Munger's Final Advice For 2024.

What is Charlie Munger's investing advice for 2024? Luckily for value investors, just 2 weeks before his death, CNBC was able to interview Warren Buffett's famous right-hand-man to see his views on how to invest in 2024.

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★ ★ CONTENTS ★ ★
0:00 Charlie's Final Interview is Released.
0:40 Charlie's Secret to Success
3:40 2024's Limited Investment Opportunities
6:50 Being a Value Investor in 2024
9:45 Quality over Quantity
12:39 Focus on the Big Ones
14:50 Charlie's 5 Key Points for 2024

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[DonaldMark-nese]

Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.

[PichetteSeth]

80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.

[GREGG-]

I was part of the recent layoffs at twitter and this bites hard. Grateful that I kept some savings about 600k tho! Now I am looking for ways to invest this into the stock market to generate good dividends to supplement for my monthly expenses.

[andersonedward]

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

[microwaveovenyt]

charlie fr just said “you gotta thug that shit out”

[JamieAlberto-pusi]

I’m under pressure to grow my reserve that currently holds about $500k. I’m down by 20% already following the crash and I fear I could lose more.

[michaelwebsternz]

The one thing that nobody covers is how to actually hang in there. You can't hang in there without cash flow. Cash flow is the oil the makes everything run smoothly and without regular cash flow it's really hard to pay the bills. It's easy to hold onto great growth companies, which usually don't pay dividends, if other investments have cash flow / dividends to pay all ongoing living expenses. Without working full time, or having great cash flow from existing investments, holding on is much easier said than done. Especially when said cash flow isn't necessarily guaranteed or consistent.

[JefferyDuns]

I anticipate positive growth in the markets for 2024, and I'm considering investing $220k in stocks for my retirement plan due to recent rate cuts. Could you provide guidance on executing this investment safely? Additionally, are there any crucial tips or changes I should be mindful of in the current financial landscape?

[EloiseLittletonn]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[ghostl]

I think you have a gift of teaching. I have learned much from your videos.

[Bhavesh_verma]

Summary of the video : you don't need to kiss all the beautiful girls, one is all you need to be happy for life

[brandonedwards]

Soldiering on is best mindset for life, not just investing. Loved that interview with Charlie.

[wm]

Thank you, another brilliant video! Really enjoyed this one

[Martin-kcxj]

I've been investing for about 2 years, both passively and actively... I did some good trades, and some bad ones, and even the returns from the passive side haven't been that great considering I started in 2021, but I've realized that the most important thing BY FAR is consistently investing as much as possible from income. Living below your means and having a solid budget allowing you to invest regularly stress free is how the average Joe can get there, whatever "there" means. Compounding interest without additional capital will not do much unless you are either already in for a solid 6 figures, or 17 years old. I'm 40 with 55k in the market, reaching 100k is my priority, and it's not by trading that I'll achieve that. Didn't Charlie say something about that? Or was it Warren?

[NicholasBall]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[Great_PatBingsoo]

Great analysis as usual. I love how you break down these guru's nuanced advice into bite-sized snippets.

[chen]

Over two months ago I sold my 6, 300 Tesla shares and bought Palantir, Nvidia and Super Micro Computer. Wow I was so lucky I made those moves because I am way further ahead.

[theboiballincollig]

"We got a little less crazy and stupid than most people", CM... Classic...Legend, RIP

[improvementprogress]

your videos get better and better, thanks for your explanations and value you share with us 👌 great work

[guivmre]

How about a company with a CEO who doesn't want to get paid, no debt, 1 Billion in cash, 100M reserved for stock buybacks, just became profitable again, 22% short interest (self reported), stock around the lowest price in 3 years? (also the majority of household investors have their stock in the direct registration system at the companies Transfer Agent). GME