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<\/a><\/figure>\n<\/figure>\n\n\n\nAn ideal asset portfolio: Which assets cannot be depreciated<\/h2>\n\n\n\n
With the economy showing signs of instability, it’s prudent to be careful with your money. People are wondering if we’re in a bubble economy or if any drastic changes are bound to happen in the new year.<\/p>\n\n\n\n
While it’s impossible to predict the exact course of the global and US economy, there are numerous strategies to follow to be prepared for any outcome. In this review, we present several ideas from world-renowned financial experts and businesspeople.<\/p>\n\n\n\n
Let\u2019s find out the best strategies and ideas to take in 2024 to help you conserve and, ideally, grow your wealth.<\/p>\n\n\n\n
In the current landscape, what is considered to be the ideal asset portfolio?<\/h3>\n\n\n\n
Asher Rogovy, CIO, Magnifina<\/strong><\/p>\n\n\n\n “I believe that the ideal portfolio consists of 20-30 individual stocks. Given our economic outlook, we’ve been focusing on valuation. A recession or high-interest rates could pop the bubble propping up speculative growth stocks.”<\/p>\n\n\n\n Michelle Delker, Founder, The William Stanley CFO Group<\/strong><\/p>\n\n\n\n \u201cThe ideal asset portfolio in current times would be a balanced blend of equities, bonds, real estate, commodities, and alternative assets like cryptocurrencies. It\u2019s critical to assess individual risk tolerance and adapt accordingly.<\/p>\n\n\n\n Investors can also consider incorporating ESG factors as part of their portfolio strategy, given the increasing relevance and impact of these issues.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cCurrently, it’s most important to have a hedge against inflation. Stocks in commodity-based companies like oil producers and gold miners are one example.<\/p>\n\n\n\n Also, for any money you want to maintain long-term purchasing power, converting it to gold or silver is a hedge against inflation\u201d.<\/p>\n\n\n\n Andrew ALokenauth, Founder,TheFinanceNewsletter.com<\/strong><\/p>\n\n\n\n “Diversify across stocks, bonds, real estate, and cash. Allocate 60-70% to stocks, 20-30% to bonds, 5-10% real estate\/alternatives, and 5-10% cash.\u201d<\/p>\n\n\n\n – Focus on stable, dividend-paying stocks. Target sectors like healthcare, utilities, and consumer staples.<\/p>\n\n\n\n – Shorter-term bonds over longer maturity. Stick to investment grade.<\/p>\n\n\n\n – Income-generating real estate like rental properties. Avoid speculative investing.<\/p>\n\n\n\n – Keep sufficient cash reserves, enough to cover 6-12 months of expenses.”<\/p>\n\n\n\n Darcy Cudmore, Founder, ABC Finance<\/strong><\/p>\n\n\n\n “In my professional opinion, the ideal asset portfolio in current times will depend on the individual investor’s risk appetite and financial goals. However, a diversified portfolio of stocks, bonds, and cash is typically recommended. <\/p>\n\n\n\n Compared to previous years, there have been some fundamental changes in the economy, such as the increased use of technology in the workplace and the rise of digital currencies.<\/p>\n\n\n\n Investors should always be cautious when it comes to the current economic environment, as there are many factors that can affect the markets.”<\/p>\n\n\n\n Tim Doman, Investment Analyst, Top Mobile Banks<\/strong><\/p>\n\n\n\n \u201cSpeaking of the economy, there’s a lingering sentiment that we might be heading towards uncharted waters.<\/p>\n\n\n\n In my analyst days, we used to say that change is the only constant in the economy. But I’ve felt a seismic shift in the undercurrents recently. Is it just a phase or a harbinger of a significant change? Time will tell.\u201d<\/p>\n\n\n\n Tim Schmidt, VP of Business Development, Cayman Financial Review<\/strong><\/p>\n\n\n\n \u201cWhen I look at the economic landscape these days, it’s clear that change is afoot. Recently, I invested in a tech startup, expecting it to ride the wave of digital transformation. But things didn’t go as planned, reminding me that past performance doesn’t guarantee future results.<\/p>\n\n\n\n With emerging technologies and geopolitical tensions, investors should tread with extra caution.<\/p>\n\n\n\n While I’m not predicting an imminent recession, history teaches us that cycles are inevitable. And while the US is displaying resilience, unforeseen events could trigger economic downturns.\u201d<\/p>\n\n\n\n Sudhir Khatwani, Director, MoneyMongers<\/strong><\/p>\n\n\n\n \u201cOur economy is entering a digital era, revolutionizing businesses and consumer actions on a grand scale.<\/p>\n\n\n\n Unlike yesteryears, today’s commerce is entangled with sustainability and rearranged global supply chains, adding new flavors to the economic recipe.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cCurrently, high-interest rates by the Federal Reserve have led to much more expensive mortgage payments and created fewer buyers in the housing market. <\/p>\n\n\n\n High-interest rates are also hurting the ability of consumers to finance car loans and businesses to finance capital expenditures to maintain or grow their businesses.\u201d<\/p>\n\n\n\n Mark Damsgaard, Founder & Head of Client Advisory, Global Residence Index<\/strong><\/p>\n\n\n\n “Credit card spending is at an all-time high, and so are the losses.<\/p>\n\n\n\n According to Goldman Sachs, credit card losses are at their highest rate compared to when there was a recession back in 2008. Analysts also reported that credit card losses often happen when the economy is heading for a downturn. Alongside this, there was a 22% increase in loans.\u00a0<\/p>\n\n\n\n The country is still recovering from the pandemic. Even though it\u2019s been three years since it happened, a lot of industries were affected (although there are still industries that thrived).<\/p>\n\n\n\n So, some people rely on loans and credit cards to get by for the meantime, especially for people who don\u2019t have emergency funds. Recent reports say that 53% of Americans have not set up emergency funds. The increase in the inflation rate in the US also does not help.”<\/p>\n\n\n\n Ian Wright, Founder, Business Financing<\/strong><\/p>\n\n\n\n \u201cInvestors should expect stock market performance to be uneven in the short term as the transition from bear to bull market continues \u201c<\/p>\n\n\n\n Max Benz, Founder & CEO, Banking Geek\u00a0<\/strong><\/p>\n\n\n\n “Yes, investors should approach the current economic environment with caution. This is driven by several factors:<\/p>\n\n\n\n The investment deficit in developing countries has been widening annually, reaching about $4 trillion per year as they strive to achieve Sustainable Development Goals (SDGs) by 2030.<\/p>\n\n\n\n Global foreign direct investment (FDI) dropped by 12% in 2022, indicating an overall slowdown in global business activities.<\/p>\n\n\n\n The ongoing shift from fossil fuels to renewable energy requires considerable investment \u2013 particularly in developing nations. However, these countries have managed to attract just $544 billion out of the required annual investment of approximately $1.7 trillion for clean energy.”<\/p>\n\n\n\n Luciano Viterale, Co-founder, TickerNerd\u00a0<\/strong><\/p>\n\n\n\n \u201cInvestors should always be cautious, particularly when times are good. This reminds me of Warren Buffet’s famous quote:<\/p>\n\n\n\n “Be fearful when others are greedy and greedy when others are fearful<\/em>“<\/p>\n\n\n\n I think a lot of people become hesitant to spend\/invest. Although, these are generally the best times to find undervalued assets.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cYes, investors should be aware of the potential of declining earnings for companies due to the increased input of costs for transportation, materials, and labor due to the inflationary environment.<\/p>\n\n\n\n Investors should understand the potential impact of an inflationary recession on their investing strategy.\u201d<\/p>\n\n\n\n Jo\u00e3o Monteiro, Founder & CEO, CarteiraX<\/strong><\/p>\n\n\n\n “Absolutely. Being cautious is fundamental when making investment decisions, especially given the uncertainties in the global economy.<\/p>\n\n\n\n By spreading your investments over different types, you reduce the risk of a big loss in any one area. It’s also vital to be aware of major global events and shifts, as they can influence markets.<\/p>\n\n\n\n And if you’re ever unsure about a decision, getting advice from a financial expert can offer guidance and perspective.<\/p>\n\n\n\n In short, always be informed and consider multiple factors before putting your money toward any investment.”<\/p>\n\n\n\n More and more voices are raising concerns about a US recession, depression, or even an economic collapse. Before diving into our experts’ opinions on the possibility of any of those events occurring, we need to understand the important differences between those three terms.<\/p>\n\n\n\n An economic recession is the least severe of the three and is defined as two consecutive quarters of negative gross domestic product (GDP). Recessions are generally shorter in duration and less severe than depressions, with the latest US recessions occurring in 2008 and 2000.<\/p>\n\n\n\n An economic depression is a more severe and prolonged downturn in economic activity. A recession is characterized by extreme factors such as a substantial rise in unemployment, a significant drop in consumer spending, widespread bankruptcies, and a severe contraction in the GDP that lasts for several years. The Great Depression of the 1930s is the most famous example, marked by a global economic downturn, extremely high unemployment, and severe deflation.<\/p>\n\n\n\n An economic collapse refers to a complete breakdown or failure of an economy, which is the most extreme scenario out of the three. An economic collapse is characterized by a rapid and sustained decline in the economy that leads to a major decrease in the standard of living and potentially the need to restructure the whole economic system. The US has never experienced an economic collapse to this day. <\/p>\n\n\n\n Please continue reading to explore whether the U.S. economy faces additional threats beyond the possibility of an economic recession in 2024 and if alternative measures are being considered to help maintain and restore balance to the economic landscape.<\/p>\n\n\n\n Tim Doman, Investment Analyst, Top Mobile Banks<\/strong><\/p>\n\n\n\n \u201cDiscussing the big R \u2013 recession. It reminds me of a debate I once had with a colleague during my executive days. The US economy is robust, no doubt, but external factors are always at play.<\/p>\n\n\n\n With inflation rates being the talk of the town, one might feel a chill down the spine thinking of 2024. Yet, it’s essential to remember that economies have always adapted, and this too shall pass.\u201d<\/p>\n\n\n\n Sammie Ellard-King, Founder, Up The Gains<\/strong><\/p>\n\n\n\n “Predicting an economic recession is challenging. The next one might be influenced by factors like global economic interdependence, political decisions, and the state of the labor market.<\/p>\n\n\n\n Potential dangers to the US: The economy includes high debt levels, trade tensions, and unforeseen crises. Controlling inflation in 2024 depends on various factors, including monetary policy and economic growth.”<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cThe odds are high for a downturn with the pressure of inflation on the economic output due to production costs. Consumers also have increased their credit liabilities in recent years due to the pressure of rising prices in food, rent, and transportation.<\/p>\n\n\n\n Slower consumer spending due to stressed credit limits can slow the entire economy on the demand side.\u201d<\/p>\n\n\n\n Rory Donadio, CEO, Tribeca Capital Group LLC<\/strong><\/p>\n\n\n\n “Predicting an economic recession is not an exact science. However, rising inflation, supply chain disruptions, and labor shortages pose challenges to the US economy. If these issues persist, they could potentially trigger a recession.\u201d<\/p>\n\n\n\n Jonathan Merry, Finance Expert, Moneyzine<\/strong><\/p>\n\n\n\n “I predict a little bump in the US economic road coming up. By early 2024, I think we’ll hit a quick, mild recession. This could be due to many reasons like high prices, interest rates going up, people spending all their savings from the pandemic, growing debt, the government cutting back on spending, and student loans becoming due.<\/p>\n\n\n\n Inflation was very high in 2022, forcing the central bank to increase interest rates. This action pushed mortgage rates up.<\/p>\n\n\n\n Because of how the housing market is, inflation might stay high. The bank’s choices aren’t easy, as cutting rates might bring back inflation, but doing nothing could hurt the economy and the stock market.<\/p>\n\n\n\n At the moment there are an abundance of economic markers hinting at potential issues for the American financial scene.<\/p>\n\n\n\n With prices surging unprecedentedly in 2022, the nation’s primary financial institutions felt compelled to counter this by significantly hiking interest rates, pushing long-duration housing loans to peak levels not seen in years.”<\/p>\n\n\n\n Ian Wright, Founder, Business Financing<\/strong><\/p>\n\n\n\n \u201cThere are several threats on the horizon for the US economy at the moment. <\/p>\n\n\n\n While it has shown resilience recently, factors such as the auto worker strike, the possibility of a government shutdown, the student loan repayments resuming, and higher energy prices all have the potential to impact the economy adversely.\u201d<\/p>\n\n\n\n Sudhir Khatwani, Director, MoneyMongers<\/strong><\/p>\n\n\n\n \u201cThe trifecta of ballooned asset prices, financial high-wire acts, and a sudden hop in interest rates could spell trouble. A close watch on the Price\/Earnings ratio and consumer debt levels could offer early smoke signals of a market tremor.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cFood inflation, increasing interest rates, and consumer credit card limits. These could all drive a recession on the demand side.\u201d<\/p>\n\n\n\n Darcy Cudmore, Founder, ABC Finance<\/strong><\/p>\n\n\n\n “The US economy is currently experiencing a period of growth, but there are some signs that a recession could be on the horizon. If the US does enter a recession, it is likely to be characterized by high unemployment, low consumer spending, and a decrease in GDP.<\/p>\n\n\n\n The biggest dangers to the US economy right now are the ongoing trade war with China, the increasing national debt, and the potential for a global economic slowdown. Inflation is expected to remain under control in 2024, as The Federal Reserve has indicated that it will keep interest rates low.”<\/p>\n\n\n\n Dan Barrett, Co-Founder, Pacific Precious Metals<\/strong><\/p>\n\n\n\n \u201cThere are certain weaknesses in the US economy. The economy is yet to recover from inflation. And long-term interest rates are high.<\/p>\n\n\n\n Strikes by several bodies also cause complications. The banking crisis earlier this year has also posed a significant threat to the US economy.\u201d<\/p>\n\n\n\n Michelle Delker, Founder, The William Stanley CFO Group<\/strong><\/p>\n\n\n\n \u201cThe next global recession could predominantly be marked by widespread business digitization, significant labor market changes, and the more prominent role of fiscal policy in economic recovery.<\/p>\n\n\n\n And of course, the impact of environmental changes and sustainability may play a critical role.\u201d<\/p>\n\n\n\n Sudhir Khatwani, Director, MoneyMongers<\/strong><\/p>\n\n\n\n \u201cIt’s a bit of crystal gazing, but the next recession could be a byproduct of runaway debt, geopolitical scuffles, or a tumble in consumer confidence.<\/p>\n\n\n\n We might find ourselves in a mixed bag of stalled growth and higher jobless rates, urging policy magicians to whip up some rescue spells.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cIt appears we are in danger of stagflation as the trillions of dollars in excess money pumped into the system from 2020 to 2023 can’t be removed by simply raising interest rates.<\/p>\n\n\n\n Prices seem to have reached a new high as too many dollars are chasing a limited amount of goods and services. It’s possible when economic activity slows due to a credit crunch, prices could remain high.\u201d<\/p>\n\n\n\n Andrew ALokenauth, Founder, TheFinanceNewsletter.com<\/strong><\/p>\n\n\n\n “- Moderate risk of recession in 2023\/2024. Key indicators like unemployment, manufacturing, and yield curve do not signal an imminent downturn.<\/p>\n\n\n\n – If a recession hits, expect it to be milder than the 2008 crisis. Banks are healthier, less systemic risk in the financial system.<\/p>\n\n\n\n The main risks are high inflation, the Fed aggressively hiking rates, and supply chain disruptions. But inflation should peak in 2022.\u201d<\/p>\n\n\n\n Jake Claver, Financial Director, Digital Family Office<\/strong><\/p>\n\n\n\n “While it’s challenging to predict with certainty, there are indicators suggesting the US economy is approaching a slowdown.<\/p>\n\n\n\n Rising inflation rates, mounting public debt, and strained international trade relations are potential red flags.<\/p>\n\n\n\n The next global recession might be characterized by supply chain disruptions, tighter credit conditions, and increased unemployment.”<\/p>\n\n\n\n Max Benz, Founder & CEO, Banking Geek\u00a0<\/strong><\/p>\n\n\n\n \u201cInflation rates are expected to decline but remain above usual levels in the coming years. The European Central Bank predicts that headline inflation will drop from 5.6% this year to about 3.2% in 2024 and further down to around 2.1% by 2025.<\/p>\n\n\n\n However, given that these projections are higher than previous estimates and considering potential geopolitical and pandemic-related uncertainties, it might be challenging for authorities worldwide to bring inflation fully under control.\u201d \u201cInflation will only begin to become under control when the flow of new dollars into the economy ends. That requires tight monetary policy and to stop the rate of government deficit spending.<\/p>\n\n\n\n It can take three years to get inflation under control like from 1980-1982. A better target is 2025 but only if interest rates are kept high long enough, and the debt monetization of the dollar slows now.\u201d<\/p>\n\n\n\n Roberto Liccardo, Founder, BestStocks.com<\/strong><\/p>\n\n\n\n \u201cIn my opinion, controlling inflation remains a significant challenge as the country grapples with various price pressures, including services, housing, and transportation. While recent data suggests an improvement from the peak of 9.1 percent in June 2022, the overall outlook remains uncertain.<\/p>\n\n\n\n Economists are divided, with some expecting inflation to reach the Federal Reserve’s preferred 2 percent target by the end of 2024, while others project it might until 2025 or even later.<\/p>\n\n\n\n Despite the Fed’s efforts to tackle inflation through interest rate adjustments and balance sheet reduction, persisting supply chain challenges and increased labor costs continue to pose risks to price stability.<\/p>\n\n\n\n With these factors in play, achieving full control over inflation in 2024 remains a cautious aspiration.\u201d<\/p>\n\n\n\n Nick Edwards, Portfolio Manager, Truepoint Wealth Counsel\u00a0<\/strong><\/p>\n\n\n\n \u201cIt is difficult to predict if inflation will be under control in 2024.. The Federal Reserve has signaled that there could be more rate hikes in 2023-2024 to help control inflation and bring it closer to the Fed’s target of 2%.\u201d<\/p>\n\n\n\n Sam Weisfeld, Managing Editor, FinImpact<\/strong><\/p>\n\n\n\n “It currently seems like the inflation is steadily going down. But we are still not out of the woods. The effects of inflation are going to linger for quite a while. There are predictions of price drops on certain consumer goods, but a lot is yet to happen.<\/p>\n\n\n\n There are still challenges on the way. In my opinion, improvements will start in the second half of 2024, and the situation will be under control by the end of next year.”<\/p>\n\n\n\n Johannes Larsson, Founder & CEO, Financer.com<\/strong><\/p>\n\n\n\n \u201cTransitioning the U.S. to a command economy would be a massive change. Right now, the government and businesses are playing their parts equally. <\/p>\n\n\n\n Moving to a command setup means the government takes the lead in deciding what to produce and how. It has its pros, like better equality, but it also comes with downsides, like less room for innovation.<\/p>\n\n\n\n The current system allows for a mix of government help and individual freedom. Shifting entirely to a command system might not be the best move at the moment, but in times of crisis the government needs to think outside the box and come up with ways to protect the economy.\u201d<\/p>\n\n\n\n Kevin Thompson, Investment Adviser, 9i Capital Group<\/strong><\/p>\n\n\n\n \u201cThe United States economy is capitalist by nature. Removing some of the competitive nature out of the market and having a government-controlled price is anathema to the capitalist system.<\/p>\n\n\n\n By having the government control price and distribution, you are now removing competitors from an efficient market and removing innovation and talent, according to the invisible hand of free market capitalism.<\/p>\n\n\n\n In a perfectly competitive market, profits are eventually reduced to zero, and by removing this idea, prices will remain high for inefficient products and services.\u00a0 Free markets breed innovation and productivity, while market forces drive down prices over time. <\/p>\n\n\n\n Now, is capitalism perfect?\u00a0 Far from it, which is why the only form of government needed within free markets is regulation.\u201d<\/p>\n\n\n\n Andy Chang, Founder & CEO, The Credit Review<\/strong><\/p>\n\n\n\n \u201cIn a command economy, the government has direct control over the production, allocation, and pricing of goods. While this might simplify some aspects of management, it inhibits competition and could halt economic innovation.<\/p>\n\n\n\n On the contrary, the US, operating largely on a capitalist system, allows market conditions to dictate these factors. This model empowers entrepreneurs, fosters competition, and propels economic innovation.<\/p>\n\n\n\n My view, backed by years of experience in various financial sectors, is that a shift towards a command economy would bring more harm than good to the US. It’s crucial to think through all potential intricacies and consequences before committing to such a drastic change.\u201d<\/p>\n\n\n\n Oleg Segal, Founder & CEO, Deala<\/strong><\/p>\n\n\n\n \u201cIn my perspective, a shift to a full command economy might not be beneficial for the US. Its strengths lie in its entrepreneurial culture and the free market economy, which encourages competition, sparks innovation and offers consumers abundant choices.<\/p>\n\n\n\n However, there is arguably a need for enhanced regulation in key areas, given the recent experiences with economic crises and growing inequality.<\/p>\n\n\n\n For example, greater government command could be exercised over healthcare and environmental issues, where public welfare significantly intersects with economic impacts.<\/p>\n\n\n\n An exclusively command-style economy may stifle innovation, demotivate entrepreneurs and potentially lead to resource misallocation, as witnessed in some economies worldwide.”<\/p>\n\n\n\n The S&P 500 was up approximately 27%, while the Nasdaq has been one of the top-performing indices in 2023, with an outstanding 50% return. Is this impressive market performance going to continue in 2024, or is a stock market crash approaching soon?<\/p>\n\n\n\n Can the experts predict what is coming ahead in 2024? How well will the stock market do compared to the crypto market? Let’s find out!<\/p>\n\n\n\n <\/p>\n\n\n\n Tim Doman, Investment Analyst, Top Mobile Banks<\/strong><\/p>\n\n\n\n \u201cThe stock market’s performance is a classic crystal ball question. Forecasting the exact trajectory of the S&P and NASDAQ for the upcoming year always involves a bit of stargazing, yet from my vantage point at Top Mobile Banks and past experiences, we’re in for quite the ride.<\/p>\n\n\n\n The digital revolution, which I’ve witnessed firsthand, might bolster tech stocks, pushing NASDAQ to potentially outpace its peers. As for sectors that could shine, keep a keen eye on green energy, biotech, and AI-driven companies; they’ve garnered significant attention lately.<\/p>\n\n\n\n While predicting the exact timing of a market crash is more art than science, escalating debt levels, significant valuation disparities, or sudden shifts in investor sentiment can serve as canaries in the coal mine.<\/p>\n\n\n\n Remember, the market has rhythms; understanding them is the key to dancing gracefully amid its ebbs and flows.\u201d<\/p>\n\n\n\n Michelle Delker, Founder, The William Stanley CFO Group<\/strong><\/p>\n\n\n\n \u201cPredicting specific S&P and NASDAQ’s performances in the next 12 months is difficult as it depends on many unpredictable factors such as economic policies, geopolitical events, corporate earnings, etc.<\/p>\n\n\n\n However, vigilant market observation and diversified asset allocation can help manage potential volatility.\u201d<\/p>\n\n\n\n Tim Schmidt, VP of Business Development, Cayman Financial Review<\/strong><\/p>\n\n\n\n \u201cNow, on to the stock market, particularly the S&P and NASDAQ. There is no crystal ball here, but moderate growth might be the expectation with current trends. Some sectors, especially renewable energy and biotechnology, show immense promise.<\/p>\n\n\n\n However, it’s crucial to remember high potential doesn’t translate to low risk. I invested heavily in a pharmaceutical company a few years back, expecting a significant breakthrough.<\/p>\n\n\n\n While there was initial success, subsequent clinical trials proved less promising. So, diversification remains a nonnegotiable bit.\u201d<\/p>\n\n\n\n Roberto Liccardo, Founder, BestStocks.com<\/strong><\/p>\n\n\n\n \u201cIn my opinion, the S&P 500 appears poised to exhibit resilience despite the recent decline, with expectations of a rebound in 2024. I anticipate a favorable growth trajectory for the S&P 500 in the upcoming year.<\/p>\n\n\n\n Despite potential challenges posed by rising interest rates and economic uncertainties, I remain cautiously optimistic about the S&P 500’s performance.<\/p>\n\n\n\n As for the NASDAQ, its trajectory will likely hinge on the moderation of inflation and the Federal Reserve’s monetary policy, which could significantly influence the momentum of tech stocks in the coming year.\u201d<\/p>\n\n\n\n Darcy Cudmore, Founder, ABC Finance<\/strong><\/p>\n\n\n\n “The S&P and NASDAQ are expected to perform well in the next 12 months, as the US economy continues to grow.<\/p>\n\n\n\n The technology, healthcare, and consumer discretionary sectors are likely to perform the best in the next 12 months, as these industries are expected to benefit from the current economic conditions.<\/p>\n\n\n\n Investors should watch for signs of a stock market crash, such as a decrease in consumer spending, a rise in unemployment, and a decrease in corporate profits.”<\/p>\n\n\n\n Ian Wright, Founder, Business Financing<\/strong><\/p>\n\n\n\n \u201cThe AI space has the potential to be the best-performing sector over the next 12 months and beyond.<\/p>\n\n\n\n Already used extensively across multiple industries, its potential continues to increase along with ease of adoption, even by small businesses.\u201d<\/p>\n\n\n\n Luciano Viterale, Co-founder, TickerNerd\u00a0<\/strong><\/p>\n\n\n\n \u201cWe’re in a recession and inflation is sky-high so I honestly think basic materials stocks are going to perform the best.<\/p>\n\n\n\n Traditionally boring companies like Hudson Technologies have been seeing stable growth.\u201d<\/p>\n\n\n\n Sam Weisfeld, Managing Editor, FinImpact<\/strong><\/p>\n\n\n\n “With the current advancements in the field of AI, Nvidia is growing tremendously. There is a high demand for chips produced by Nvidia.<\/p>\n\n\n\n So, Nvidia is in the middle of a bull run. With AI explorations slated to increase further, Nvidia is going to grow upwards for at least the next two years.”<\/p>\n\n\n\n Andrew ALokenauth, Founder,TheFinanceNewsletter.com<\/strong><\/p>\n\n\n\n “- Expect modest returns around 5% in 2023 as market resets from high valuations. Volatility will remain high.<\/p>\n\n\n\n – Healthcare, energy, utilities, and consumer staples are likely to outperform if a recession hits. Avoid high-growth tech stocks.<\/p>\n\n\n\n – Next major correction may be triggered by faster than expected rate hikes, higher bond yields.”<\/p>\n\n\n\n Nick Edwards, Portfolio Manager,Truepoint Wealth Counsel<\/strong><\/p>\n\n\n\n \u201cNobody knows which stocks will perform best over the next 12 months. Having a diversified portfolio of both U.S. and international stocks, along with high-quality fixed income, can provide exposure to potential top performers during that period.<\/p>\n\n\n\n More importantly, it ensures that a portfolio is appropriately positioned for an investor with a long investment horizon.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cA negative GDP, the S&P 500, the 200-day moving average, decreasing earnings year-over-year for the biggest companies.\u201d<\/p>\n\n\n\n Max Benz, Founder & CEO, Banking Geek\u00a0<\/strong><\/p>\n\n\n\n “Multiples factors can indicate a looming stock market crash:<\/p>\n\n\n\n Rampant speculation<\/strong> – When speculation drives up prices beyond their intrinsic value or profitability, it often precedes a market downfall.<\/p>\n\n\n\n Economic slowdown <\/strong>– A general deceleration of economic growth can foreshadow a potential crash.<\/p>\n\n\n\n Peak stock valuations<\/strong> – High valuations often occur before a market slowdown, thus serving as an indicator of a possible downturn.<\/p>\n\n\n\n Low interest rates<\/strong> – While these can stimulate economic growth, they can also create an excess of money in the market, leading to bubbles and subsequent crashes.<\/p>\n\n\n\n Rising inflation and interest rates<\/strong> -These factors can strain the stock market, as seen by recent downturns in U.S. stocks amidst inflation concerns and anticipated interest rate hikes.”<\/p>\n\n\n\n Jo\u00e3o Monteiro, Founder & CEO, CarteiraX<\/strong><\/p>\n\n\n\n “Predicting a stock market crash is tricky, but there are signs that investors often look for. For instance, if stocks become too pricey compared to factors like what the companies are earning.<\/p>\n\n\n\n That could be a warning. Another concern arises when short-term interest rates become higher than long-term rates\u2014a situation that historically has signaled trouble.<\/p>\n\n\n\n Additionally, when large companies or whole countries have piled up a lot of debt, it can make the financial system more fragile.<\/p>\n\n\n\n Also, high unemployment or significant unexpected global events can be triggers. So, while no one can predict a crash with certainty, these indicators can offer hints of what\u2019s to come.”<\/p>\n\n\n\n Dan Barrett, Co-Founder, Pacific Precious Metals<\/strong><\/p>\n\n\n\n \u201cThere are some obvious signs of a market crash. Valuations get too high and it triggers a selloff. There are other signs like low economic growth, low consumption due to inflation, and increased unemployment.<\/p>\n\n\n\n The unpredictability of the stock market makes it hard to foresee a crash coming. But drastic changes in the market are a warning sign.\u201d<\/p>\n\n\n\n Johannes Larsson, Founder & CEO, Financer.com<\/strong><\/p>\n\n\n\n \u201cIf lots of people are losing their jobs and people are not spending as much money, that’s bad news for the economy. When investors see these signs, they get scared and start selling their stocks.<\/p>\n\n\n\n This selling frenzy can create chaos in the stock market, causing prices to drop rapidly. <\/p>\n\n\n\n So, rising unemployment and less spending by consumers are like warning signals that a crash might be on the way.\u201d<\/p>\n\n\n\n 2023 was the year of artificial intelligence, and 2024 will likely continue the same trend.<\/p>\n\n\n\n Artificial intelligence is expected to offer a lot more job opportunities, but what are the jobs that can hold the most potential in 2024? What will the peak of the unemployment rate be in 2024?<\/p>\n\n\n\n In the upcoming sections, we’ll analyze the forecasts and trends to gain a clearer understanding of the employment landscape, ensuring you will stay well informed about both the opportunities and challenges that may unfold in 2024.<\/p>\n\n\n\n Tim Doman, Investment Analyst, Top Mobile Banks<\/strong><\/p>\n\n\n\n \u201cThe job market in the next 12 months? Digital, digital, and digital! In my current role at Top Mobile Banks, I see the transformative power of technology every day. Jobs centered around digital expertise will undoubtedly be in high demand in 2024.\u201d<\/p>\n\n\n\n Tim Schmidt, VP of Business Development, Cayman Financial Review<\/strong><\/p>\n\n\n\n \u201cThe job market’s performance is somewhat intertwined with the broader economy. Within the following year, sectors like tech, healthcare, and green energy could offer substantial opportunities.”<\/p>\n\n\n\n Luciano Viterale, Co-founder, TickerNerd\u00a0<\/strong><\/p>\n\n\n\n \u201cGiven the current economic environment, it’s safe to assume the job market will continue cooling down. Salaries have started to fall and businesses have hiring freezes. This could change but I’m not optimistic.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cGood employees are always limited in supply in the job market. Currently, the trend is a drop in full-time employees and an increase in part-time workers. <\/p>\n\n\n\n Wages are the largest controllable expense in a business, and many companies are looking for ways to reduce the most expensive workers with technology. <\/p>\n\n\n\n Artificial intelligence is a real threat to white-collar and information workers. The trend is layoffs for office jobs and businesses reducing their employee count due to the pressure of inflationary costs on their businesses.\u201d<\/p>\n\n\n\n Jonathan Merry, Finance Expert, Moneyzine<\/strong><\/p>\n\n\n\n \u201cEven with all the challenges this year, like high inflation and interest rates, the job market is robust. US citizens have been spending quite a bit. But I don’t think this can last.<\/p>\n\n\n\n Salaries aren’t growing as fast, Pandemic savings are getting low, and people are racking up more debt. And guess what? Starting this month, many will have to start paying back their student loans.<\/p>\n\n\n\n So, I’m predicting we’ll see a dip in how much consumers are spending by the end of the year and even more in early 2024. But, as we move through 2024 and inflation and interest rates cool down, I think spending will pick up again. The job market from here on will be more stable.\u201d<\/p>\n\n\n\n Ian Wright, Founder, Business Financing<\/strong><\/p>\n\n\n\n \u201cJobs associated with generative AI strategy and engineering are likely to be in high demand in 2024. Those with relevant skills and experience will be able to command highly competitive packages.\u201d<\/p>\n\n\n\n Max Benz, Founder & CEO, Banking Geek\u00a0<\/strong><\/p>\n\n\n\n “Trends show that healthcare-related occupations hold significant potential for job growth by 2024.<\/p>\n\n\n\n Increase in Healthcare Jobs<\/strong>: Both healthcare practitioners and technical occupations alongside healthcare support occupations are projected to be among the fastest-growing sectors. As demographics shift and populations age, demand for these roles is expected to increase significantly.<\/p>\n\n\n\n Outlook for Other Occupations<\/strong>: Whilst healthcare-related jobs show the most potential, overall employment across various industries in the U.S. economy is also projected to rise by around 6.5 percent between 2014 and 2024.<\/p>\n\n\n\n Employment Decline in Certain Sectors<\/strong>: However, it’s crucial to note that not all occupational groups will experience growth. Roles relating to production occupations and farming, fishing, and forestry occupations are projected to decline during this period.”<\/p>\n\n\n\n Sudhir Khatwani, Director, MoneyMongers<\/strong><\/p>\n\n\n\n \u201cThe job market is buzzing for tech wizards, healthcare heroes, green energy innovators, and data detectives.<\/p>\n\n\n\n The narrative of digital transformation and eco-friendly practices is driving the demand in these sectors.\u201d<\/p>\n\n\n\n Roberto Liccardo, Founder, BestStocks.com<\/strong><\/p>\n\n\n\n \u201cBased on the Bureau of Labor Statistics’ projections, several occupations are anticipated to offer significant potential in 2024. These roles span various sectors, including healthcare, finance, and technology.<\/p>\n\n\n\n Among the notable positions are Home Health Aide, Nurse Practitioner, Occupational Therapy Assistant, Operations Research Analyst, Personal Financial Advisor, Physical Therapist, Physician Assistant, Statistician, and Wind Turbine Service Technician.<\/p>\n\n\n\n These occupations are expected to provide favorable job prospects, with diverse educational requirements and high levels of job satisfaction.\u201d<\/p>\n\n\n\n Sam Weisfeld, Managing Editor, FinImpact<\/strong><\/p>\n\n\n\n “There are no surprises here. AI engineers and coders are going to be the top jobs in 2024. With the business world accepting AI, the developers now have to work towards fulfilling the demands of AI users.<\/p>\n\n\n\n AI research is going to be at a peak pace for the upcoming few years. So, these jobs have the most potential in 2024.”<\/p>\n\n\n\n Michelle Delker, Founder, The William Stanley CFO Group<\/strong><\/p>\n\n\n\n \u201cPredicting the exact unemployment rate peak for 2024 is challenging due to various intervening factors. However, efforts towards economic recovery and workforce reskilling can help mitigate unemployment risks.\u201d<\/p>\n\n\n\n Sammie Ellard-King, Founder, Up The Gains<\/strong><\/p>\n\n\n\n “The job market’s performance depends on economic factors and industry trends. In 2024, jobs in technology, healthcare, and renewable energy may have the most potential.<\/p>\n\n\n\n The unemployment rate peak is hard to predict but may be influenced by economic policies and global events.”<\/p>\n\n\n\n Asher Rogovy, CIO, Magnifina<\/strong><\/p>\n\n\n\n “With unemployment close to its lowest level, there’s only one way for it to go: up. Unemployment rises much faster than it falls, and I would expect 2024 to be a tough job market given the restrictive monetary policy stance.”<\/p>\n\n\n\n Johannes Larsson, Founder & CEO, Financer.com<\/strong><\/p>\n\n\n\n \u201cIf a recession unfolds, it’s plausible that the unemployment rate could surge into double digits by 2024.<\/p>\n\n\n\n In a more optimistic scenario like a soft landing, we might anticipate the unemployment rate peaking at a more moderate level, around 4.5%. The trajectory will ultimately be shaped by a combination of fiscal policies, global economic trends, and geopolitical factors.\u201d<\/p>\n\n\n\n There is a reasonable chance that a recession will occur in 2024, according to our experts. What are the first steps to take in distress?<\/p>\n\n\n\n From managing your money wisely to understanding what to buy when times are hard, we’ll break it down. Plus, we’ll share tips on how to stay employed when jobs are not as easy to find.<\/p>\n\n\n\n Opinions are mixed, but thankfully, we got it all covered.<\/p>\n\n\n\n Tim Doman, Investment Analyst, Top Mobile Banks<\/strong><\/p>\n\n\n\n \u201cNavigating the tumultuous waters of an economic crash is akin to setting sail in a storm. The key is preparation.<\/p>\n\n\n\n To prepare, diversifying your assets is crucial; think of tangible assets like gold or even certain real estate investments that historically tend to weather financial storms better. Making money during a recession is counterintuitive.<\/p>\n\n\n\n Still, opportunities often arise in sectors overlooked during boom times, so keeping an open mind and being agile in your investment approach can be beneficial.<\/p>\n\n\n\n Luciano Viterale, Co-founder, TickerNerd\u00a0<\/strong><\/p>\n\n\n\n “There are a few things I recommend (and practice). The first is to simply reduce spending and build an emergency fund. I know it’s easier said than done but it’s important because the nature of an economic crash is that you could lose your source of income for an extended period of time.\u00a0<\/p>\n\n\n\n If you have this covered, the next best thing is to audit your portfolio and diversify your assets into recession-proof investments (think precious metals). “<\/p>\n\n\n\n Sam Weisfeld, Managing Editor, FinImpact<\/strong><\/p>\n\n\n\n \u201cYou can\u2019t foresee an economic collapse. But you have to be prepared whether you foresee it or not.<\/p>\n\n\n\n You should have a portion of savings put aside specifically for such emergencies. <\/p>\n\n\n\n You should learn new skills. You may lose employment during an economic crisis, and having relevant skills is like a lifeline in such situations.\u201d \u201cHave your mortgage locked in to control your cost versus rents that increase. Live on less than you make. Have a large emergency fund of at least six months of living expenses.<\/p>\n\n\n\n Have multiple streams of income. Understand the risks of your current investing strategy and accept the risks or adjust your system.\u201d<\/p>\n\n\n\n Jo\u00e3o Monteiro, Founder & CEO, CarteiraX<\/strong><\/p>\n\n\n\n “Preparing for an economic downturn requires a mix of smart financial habits and foresight. Diversifying your investments\u2014meaning not putting all your money in one place or type of investment\u2014is a good start.<\/p>\n\n\n\n It’s also wise to have a safety net: an emergency fund with enough money to cover several months of expenses. Paying down debt, especially high-interest ones, can give you more financial flexibility. And remember that markets have ups and downs.<\/p>\n\n\n\n If there’s a downturn, try to avoid making rash decisions based on fear. Instead, focus on your long-term financial goals and stay informed about broader economic trends”<\/p>\n\n\n\n Max Benz, Founder & CEO, Banking Geek\u00a0<\/strong><\/p>\n\n\n\n \u201cHistorically, recessions have followed periods where the Federal Reserve raised interest rates due to high inflation.<\/p>\n\n\n\n As such, investing in recession-resistant assets like gold, bonds, and even certain stocks might be beneficial.<\/p>\n\n\n\n Also, consider taking a page out of Warren Buffett’s investment strategy: He advises investing conservatively and holding onto cash when the market is on a high.<\/p>\n\n\n\n This approach allows you to buy undervalued stocks when the market inevitably declines.\u201d<\/p>\n\n\n\n Michelle Delker, Founder, The William Stanley CFO Group<\/strong><\/p>\n\n\n\n \u201cWhen gearing up for a recession, assets like government bonds, recession-proof or defensive stocks, and gold may be valuable to consider for their relative stability in turbulent times.\u201d<\/p>\n\n\n\n Tim Schmidt, VP of Business Development, Cayman Financial Review<\/strong><\/p>\n\n\n\n \u201cDiversifying assets, including real estate, precious metals, and even specific cryptocurrencies, can offer a buffer. But above all, invest in yourself.<\/p>\n\n\n\n Equip yourself with relevant skills and adaptability. In 2008, amid the recession, I saw many colleagues switch industries, retrain, and thrive. Hence, being proactive and embracing change can be your strongest allies.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cA home, a good car, gold or silver to preserve purchasing power and cash-flowing assets.\u201d<\/p>\n\n\n\n Johannes Larsson, CEO & Founder, Financer.com<\/strong><\/p>\n\n\n\n \u201cPrecious metals such as gold and silver are always a good idea. Recession or not, they never lose value. They are something to think of investing in.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cStart a business that focuses on helping people through a downturn, like a frugal blog or money-saving business. You can also short-sell stocks if you have a strategy with an edge.\u201d<\/p>\n\n\n\n Robert Johnson, Professor of Finance, Creighton University<\/strong><\/p>\n\n\n\n \u201cThe best investment strategy for most investors is to Keep it Simple, Stupid (KISS).<\/p>\n\n\n\n For the vast majority of millennials, the best investment strategy is a KISS strategy — people should invest in a low-fee, diversified equity index fund and continue to invest consistently whether the market is up, down, or sideways.<\/p>\n\n\n\n Unfortunately, too many investors feel that they need to stray from simple strategies and venture into speculative endeavors like cryptocurrencies. They fall prey to the illusion that investing in innovation will make them rich.<\/p>\n\n\n\n Much of investment success is simply not making mistakes. Just like turnovers in football, are highly correlated to losing games, making big mistakes in investments sets investors back. Investors should take a page from Bill Belichek, who focuses on players not making mistakes.<\/p>\n\n\n\n Mistakes occur when investors commit funds to new endeavors that they don\u2019t understand and, instead, are driven by FOMO.<\/p>\n\n\n\n Accumulating wealth over the long term is not difficult strategically. Dollar-cost average into a broadly diversified stock fund and invest whether the market is up, down, or sideways. Behaviorally, it is very difficult for many to stay the course in bear markets.\u201d<\/p>\n\n\n\n Johannes Larsson, CEO & Founder, Financer.com<\/strong><\/p>\n\n\n\n \u201cGenerating income during a recession might require some creativity. Look for recession-resistant industries\u2014healthcare, utilities, and essential services tend to be more stable.<\/p>\n\n\n\n Also, consider side hustles or freelance work. Being versatile in your income streams can provide a safety net.\u201d<\/p>\n\n\n\n Ian Wright, Founder, Business Financing<\/strong><\/p>\n\n\n\n \u201cIt is important to make your employer aware of your value. Take opportunities to highlight where you bring benefit to the organization and emphasize your flexibility.<\/p>\n\n\n\n It is also good to ensure that your digital presence is up to date and that you nurture your business networks so that if you are put in the position of needing to seek new employment you will likely already have several warm leads to follow.\u201d<\/p>\n\n\n\n Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\n \u201cAlways ensure your skills are valuable in the marketplace and work for a company strong enough to weather a recession. Create a profit margin for your employer.\u201d<\/p>\n\n\n\n Dan Barrett, Co-Founder, Pacific Precious Metals<\/strong><\/p>\n\n\n\n \u201cIt comes down to the field you are in and the skills you can learn. Jobs are going to be cut during the recession. If you are upgraded with the skills most required by your employer, your chances of being retained increase.<\/p>\n\n\n\n Even if you are let go, you can find use for the relevant skills. Focus on your upskilling and development.\u201d<\/p>\n\n\n\n Johannes Larsson, CEO & Founder, Financer.com<\/strong><\/p>\n\n\n\n \u201cContinuous learning and staying adaptable can make you more valuable to your employer. Networking is crucial too\u2014building strong professional connections can open up new opportunities even in tough times.\u201d<\/p>\n\n\n\n In summary, there is a range of opinions regarding the likelihood of an economic recession in 2024 and the expected course of the US economy. Factors such as inflation, high debt levels, trade tensions, and supply chain disruptions are cited as potential triggers.<\/p>\n\n\n\n Some experts predict a mild recession, while others highlight the uncertainties and challenges that could trigger a more prolonged US depression. Few experts expect the markets to continue the growth trajectory as usual.<\/p>\n\n\n\n The potential for economic challenges, including a recession and difficulties in controlling inflation, suggests a need for careful consideration and risk management in financial and investment decisions.\u00a0<\/p>\n\n\n\nCompared to previous years, are there fundamental changes in the economy?<\/h3>\n\n\n\n
Within the current economic environment, should investors be more cautious?<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\nUnderstanding the market economy: Is the US economy collapsing?<\/h2>\n\n\n\n
Is the US going to enter an economic recession?<\/h3>\n\n\n\n
What are the most significant threats to the current state of the US economy?<\/h3>\n\n\n\n
What will the next global recession look like?<\/h3>\n\n\n\n
Will inflation be under control in 2024?<\/h3>\n\n\n\n
Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\nWill the US do better as a command economy?<\/h3>\n\n\n\n
<\/a><\/figure>\n<\/figure>\n\n\n\nThe state of the stock market: predictions & strategies\u00a0<\/h2>\n\n\n\n
What is the anticipated performance of the S&P and NASDAQ in the coming 12 months?<\/h3>\n\n\n\n
Which stocks and sectors are expected to outperform in the next year?<\/h3>\n\n\n\n
What are the indicators for the next stock market crash?<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\nNext year’s work landscape: Jobs and unemployment predictions<\/h2>\n\n\n\n
How is the job market expected to perform within the next 12 months?<\/h3>\n\n\n\n
Which jobs are expected to hold the most potential in 2024?<\/h3>\n\n\n\n
What could be the peak of the unemployment rate in 2024?<\/h3>\n\n\n\n
<\/a><\/figure>\n<\/figure>\n\n\n\nHow to adapt during a recession: Economic downturn strategies<\/h2>\n\n\n\n
How to prepare for an economic crash?<\/h3>\n\n\n\n
Steve Burns, Founder, NewTraderU.com<\/strong><\/p>\n\n\n\nWhat assets should I buy to prepare for the recession?<\/h3>\n\n\n\n
How can one generate income during a recession?<\/h3>\n\n\n\n
What are effective approaches to staying employed amidst a recession?<\/h3>\n\n\n\n
<\/a><\/figure>\n<\/figure>\n\n\n\nConclusion<\/h2>\n\n\n\n