24 Assets to Invest in for 2024: Part 4
In Part 3, I spoke about Robinhood (NASDAQ: HOOD),dividend ETFs, and owning SQQQ as a hedge against market volatility.
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Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.
2024-01-20 11:25

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.
24 Assets to Invest in for 2024: Part 4
10. Chip Stocks
It’s easy to say this now in hindsight after stocks like NVIDIA (NASDAQ: NVDA) and AMD (NASDAQ: AMD) recently made new all-time highs. But I truly believe that this is just the beginning of a massive bull run for these companies. NVIDIA Is already one of the largest companies in the world but I think companies like AMD will also be there over the next few years. Chips are the lifeblood of the technology industry and given how fast tech is evolving, these stocks will be similar to the software evolution we saw a few years ago. Owning some chip makers like NVIDIA can help but also the fabrication companies like Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and the equipment makers like ASML (NASDAQ: ASML).

11. MercadoLibre (NASDAQ: MELI)
There aren’t enough good things to say about one of the best-managed companies in the world. MercadoLibre is Latin America’s largest e-commerce platform with major operations in countries like Brazil, Mexico, and Argentina. It also operates other divisions like its Mercado Pago payment service and Mercado Credito, its credit services arm. Many people will look at the stock price and want to avoid buying a stock so expensive. But it has a more reasonable forward P/E of 46, which is high but not outrageous for a growth company. Many people refer to MercadoLibre as the Amazon of Latin America, which I believe is an appropriate comparison although the companies do operate in slightly different industries aside from e-commerce. I’m bullish on the Latin American region in general and my top stock pick is the great MercadoLibre.

12. Starbucks (NASDAQ: SBUX)
Starbucks seems like kind of a boring choice compared to other growth companies that I’m investing in. But let’s zoom out a bit: in terms of coffee and beverage brand equity, there may not be a stronger global brand than Starbucks. No matter how you feel about the beverages or coffee, seeing a Starbucks in any country in the world is a familiar and comforting sight. We all know about the thousands of stores it has in China, but perhaps the most bullish region for Starbucks is India. The company is on track to open 1,000 new stores by 2028 but it could easily reach that number far before then. India is the world’s largest country with one of the fastest-growing middle classes. Other brands like Apple (NASDAQ: AAPL) are starting to take notice and I think Starbucks can also be a major player and make India it’s next largest market.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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10 months ago
Good article.
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2024-01-20 11:25

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About the Author
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.


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