I invested $900,000+ in these Stocks | Full Stock Market Portfolio update for 2024

TL;DR

Analyzing a stock portfolio for 2024, including the performance and future outlook of individual stocks.

Transcript

around $1.8 million I invested in these stocks we're going through here today in this video I'm going to show you the entire public account we're going to talk about every single one of these stocks in this video I'm going to share my thoughts about these stocks for 2024 which ones do I think going to perform the best in 2024 versus uh let's call i... Read More

Key Insights

• 🎭 Meta, Tesla, and Elf Beauty are the top-performing stocks in the portfolio and are expected to continue performing well in 2024.
• ❓ Amazon is expected to benefit from the re-acceleration of growth in Amazon Web Services and could see increased investor interest.
• ❓ Cheesecake Factory and Target are considered stable investments for the portfolio, with potential for growth in 2024.
• 🦔 Certain stocks in the portfolio have been hedged to provide insurance in case of a significant market downturn.
• 🍝 The overall performance of the portfolio has significantly outperformed the S&P 500, the Dow, and bonds over the past five years.

Questions & Answers

Q: Is Meta still a good investment for 2024?

While Meta has performed well and is expected to have a decent year in 2024, the investor does not plan to buy more shares due to its already significant weight in the portfolio. They believe there are other opportunities in the market.

Q: What are the expectations for Tesla in 2024?

The investor is not expecting a great year for Tesla in 2024, considering concerns about high interest rates and EV demand. However, they are optimistic about the company's long-term prospects and believe it could still have a volatile year.

Q: Is Elf Beauty still a good investment for 2024?

Yes, the investor believes Elf Beauty is still a buy and expects the stock to perform well in 2024. They see it as the top stock in the beauty industry and anticipate significant growth.

Q: What is the outlook for PayPal in 2024?

The investor is actively buying PayPal shares and believes it could be their top-performing stock in 2024. They cite the company's innovation, growth numbers, and the belief that Wall Street will be excited by PayPal's performance.

Summary & Key Takeaways

• The biggest position in the portfolio is Meta, which has seen significant gains. The investor believes that Meta will continue to perform well in 2024 but will not be buying more shares due to its already heavy weight in the portfolio.

• Tesla is the second-largest position, and while the investor believes it could have a volatile year in 2024, they are still bullish on its long-term prospects. They would consider buying more shares if the stock goes down.

• Amazon is expected to have a good year in 2024, particularly due to the growth of Amazon Web Services (AWS). The investor believes that an acceleration in AWS's growth will excite Wall Street and attract more investors to the stock.

• Elf Beauty has performed well and is expected to continue to do so in 2024. The investor believes that Elf Beauty has become the top stock in the beauty industry and could see significant growth.

• PayPal is a stock that the investor continues to buy actively and is extremely bullish on. They believe it could be their top-performing stock in 2024, citing the company's innovation and expected growth in numbers.

• Other stocks in the portfolio, such as Skyworks Solutions and Fubo, have mixed outlooks. Skyworks Solutions is not expected to perform well in 2024 due to market trends, while Fubo could have a tremendous year if their financials continue to improve.

• The investor is optimistic about Cheesecake Factory, considering it a stable long-term investment. They expect it to perform decently in 2024, particularly as consumer confidence improves.

• Target is seen as another stable investment, with the potential to outperform Walmart in 2024 as consumer confidence grows.

• The investor has hedged certain stocks, including Polaris, Tesla, Toll Brothers, Chipotle, and others, to protect the portfolio in the event of a significant market downturn.