24 Assets to Invest in for 2024: Part 6
This is a list I usually make for myself each year, although not with the clever title. I try to make at least a watchlist of assets I want to invest in for the coming year. This year is no different and with so many different types of assets coming to the mainstream, I thought I’d start this list out with some alternative asset types. This list will include cryptos, stocks, ETFs, and anything else I am considering for the coming year.
16. Axon Enterprise (NASDAQ: AXON)
Axon Enterprise is a company that I’ve written about before, several times. It has certainly garnered more attention in recent years as it controls a major part of the police equipment and software market. Most body cam footage you see on the news or online is from an Axon camera. The company was previously known as Taser International and still develops this equipment for law enforcement across the country. Why do I like Axon this year? If you didn’t already know, this is an election year and America is a divided country. There should be no shortage of protests and demonstrations, particularly around a certain Republican candidate. I think law enforcement spending rises this year and Axon is the chief beneficiary of an increased need for security and surveillance.
17. Celsius Holdings (NASDAQ: CELH)
Celsius is one stock I always kicked myself for not getting in earlier on. I heard very smart people talking about it when it was in the single digits and trading on the OTC Markets. Today, it is one of the fastest-rising beverages in America and recently expanded to Canada and Europe. It is also one of the top-selling beverage products at Costco warehouses in America. If it sells well at Costco, you know the company is doing well. Why didn’t I buy it? I don’t drink energy drinks so I never believed the hype! Sometimes investment decisions can come down to something as simple as that. So far in 2024, Celsius has pulled back a bit and is down by about 11%. Over the past 52 weeks, the stock paints a different story and is up by nearly 60%. I’ll be watching this stock as the market cools from all-time highs and potentially using this dip to start my position.
18. iShares Bitcoin Trust (NASDAQ: IBIT)
How long did it take for me to add one of these to the list? In January, the SEC finally approved 11 spot Bitcoin ETFs from the likes of Blackrock, Fidelity, Ark Invest, and Grayscale. These ETFs require the institutions to buy and hold spot Bitcoin to secure the value of the funds. Since January 10th, Blackrock has already bought more than $2 billion in spot Bitcoin as we see massive inflows of funds. IBIT has very low expense fees at just 0.12%. If you believe Bitcoin will continue to rise in price, you can throw these ETFs into your non-taxable retirement account and reap the rewards. It could even pay a dividend eventually in the future!