The 10 BEST INVESTMENTS For 2024

In retirement there's no need to take big risks. You can still take measured risks though if you want to. Just make sure what you risk is only a very small portion of your overall portfolio. With that said, here are the 10 best investments for 2024 with #1 being the safest and #10 the riskiest.

Note: info from NerdWallet.

Hi, my name is Duane. After a career in the music industry, I retired early at 59 in 2021 with just over $500K. Soon thereafter, the stock market (and my investment portfolio) tanked. This is my early retirement journey.

***I AM NOT A LICENSED FINANCIAL ADVISOR OR RETIREMENT PLANNER. THIS CHANNEL IS MEANT TO PROVIDE GENERAL INFORMATION ONLY THAT MAY INTEREST YOU. PLEASE CHECK WITH A PROFESSIONAL BEFORE ACTING ON ANY OF THE OPINIONS STATED ON THIS CHANNEL OR IN THE COMMENT SECTION OF THIS CHANNEL***

If you received some good info from this video, feel free to buy me a coffee!

[Joegolberg]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[BillJenkins-rwlb]

Best investment ever for 2024....pay off your 18%+ interest credit cards!

[stevegorkowski]

Watch out for the scammers in the comment section. They talk about big gains but you get 100% losses. If it sounds too good to be true, it probably is too good to be true.
I count my money less and enjoy my retirement more!
Enjoy your retirement!

[eddieslittlestack]

401k match. Instant & guaranteed return.

[craigo]

When I graduate college in 1978, I had an uncle who told me about S&P index funds. He said he had always done well with them and was all he invested in. I started putting 50$/month in them (plus I had a retirement plan at new job). Over the years let the dividends reinvest and kept increasing my contribution a little each year. Now, I have retired @ 50 and lived very well and each year it continues to grow. Slow and steady.

[FunTimePlaying]

Been lovin' T-Bills over the last couple of years. Laddering 3, 4 & 6 month T-Bills has resulted in nice monthly interest income. With an average 5.3%, based on the channel theme of $500K, that's $26, 500 interest income per year, or you can look at it as $2, 208 per month or $509 per week. At this point in my life the income takes priority over equity appreciation, which as shown in your monthly portfolio update doesn't always result in gains.

[rickdunn]

Treasury's are generally better than CDs, why: 1. Risk Free 2. No state tax due. Money Mkt. at Vanguard is usually higher than nearly all others. Index funds: use low cost Cap Weighted Index Funds (Vanguard is typically the lowest cost-and cost matters). Be aware not all Index funds are created equal. Stay away from "enhanced index funds". Individual Stocks-not good, but if you must, keep under 5% of your portfolio. Remember when you buy someone else selling the stock (they think it's not good or will go down). Check tax consequences of buying shares in Art. Suggest keep watching the paint dry.

[boiledeggs]

Great episode Duane! I've been buying 3 month Treasury Notes at Charles Schwab. Getting about 5%. This is where I park my money in my IRA that is going to be moved to my banks checking for my monthly income.

[mickster]

don't understand crypto so i'm not putting any money in it

[ejames]

Very good advice. I am doing most of this. I do not have a mortgage and no credit card debt or car payments.

[kwokweng]

Your videos are getting better and better

[Eatpinktacos]

NVDA, bought it 1/16/2016 $6 ( 4 for1 stock split adjusted) up over 16, 000% as of today. Before I get hate I do realize I was very “ fortunate “ and this was probably “ once in a lifetime “ result

[lawcat]

I keep it simple with boring index funds, and these have gotten me where I need to be for retirement. I'd like to learn more about other types of investments and allocate a small portion for these once I think I know what I'm doing and comfortable with some risk.

[QuallsJohn]

Great video I been in Online MMF/CD for about 3 years now getting solid 5.12 % now.. Switched to the MMF funds in 401k and two IRA portfolios after dismal 2022. Happy with the safety of principle and solid growth. Nicely done Duane.

[ronaldsmith]

Not CDs. Buy treasury notes and bonds. They are state tax free. Also they are easily sold if you need the money before they come due. Ladder the bills. 3, 6, 9, 12 and 18 months.

[PROJECTRetire]

Great suggestions. I'd say avoid individual stocks at our age and savings level. I put about 1% of my savings into silver stocks a few years back and got clobbered. And with silver now up to $30+ I still haven't made my money back. Index funds are the best in my opinion.

[TomTom-bhwf]

Good episode, Duane. I enjoyed it. Thanks.

[zacharyo]

I’m an S&P 500 guy as well. But cash reserves in money market. Thank you Duane for the reminder to push some money there from local bank checking. A few more dollars of interest each month!

[randolphh]

I would say that ETFs have a broad range of risk depending on their mix of assets. The reason they are “good” is that they are very easy to trade, and generally better than individual stocks.

No mention of gold? Should absolutely be in the top ten. A small amount is a great diversifier.

Anyone with a horizon of 10 years or more should put 0.5% in Bitcoin(not other Crypto).

Depending on your portfolio size in relation to your needs, Treasury and CD ladders of 1-3 years, can make a lot of sense for money that you need to spend and can’t afford to lose.

[willay]

Yep took my savings and put it in a Savings acct at 4.3% online.