24 Assets to Invest in for 2024: Part 7
In Part 6, I spoke about chip stocks, Axon (NASDAQ: AXON),Celsius (NASDAQ: CELH),and the iShares Bitcoin Trust (NASDAQ: IBIT).
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.
2024-02-03 11:30

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 7
19. Rivian ($11.35|0.27%)
I know, the EV sector has been under pressure lately. Tesla ($202.64|0.38%) has been selling off and other EV makers are as well. Rivian has been a tough stock to hold, especially if you are expecting Tesla-like growth at some point. Out of all of the EV makers that are not Tesla, I still firmly believe Rivian will have some staying power. The company is set to build its second factory in Georgia this year and continues to forge partnerships with major companies like Amazon and AT&T. I think it’ll be a bit rocky over the next couple of years but if you’re patient, Rivian could be an incredible long-term investment. Will there be better times to buy the stock? Most likely. But at these current prices, all you need is consistent growth from the company to provide a nice risk/reward on your investment.

20. Chainlink (LINK)
As I’m writing this, Chainlink is already breaking out of a multi-year trend zone and could be ready to revisit the $20.00 price level. Most casual crypto investors will know Bitcoin or Ethereum, but the truly serious ones know about the potential of Chainlink. It is built on the Ethereum network and provides bridging capabilities between blockchain and off-chain networks. It is widely seen as the link, pardon the pun, with the strongest potential to connect crypto and blockchain technology with the traditional finance world. Link is often overlooked as a legacy altcoin but with technology continuing to advance, this next bull cycle could see the network finally reaching its full potential.

21. Evolution AB (OTC: EVVTY)
Here’s a bit of a contrarian way to invest in online gaming. If you haven’t heard of Evolution Gaming, they are one of the world’s largest online casino game developers. The company makes everything from online slots to online poker games and is leading the online gambling industry in Europe. Evolution is based in Sweden but we can buy shares on the OTC markets in North America. In the most recent earnings report, Evolution anticipates a 14% revenue growth per year for the next three years and reported a 60% profit margin for its products and services. On top of that, Evolution’s stock even pays a dividend to shareholders with a 1.85% annual yield. If you want some exposure to international companies in a rapidly growing industry, I recommend taking a look at Evolution.

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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Published On
2024-02-03 11:30

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.

Perf. YTD-51.35%
52W high-59.55%
52W low12.94%
PE Ratio-1.98
MKT Cap11.01B

Analyst Ratings
Target Price$46.22
# of Analysts18
Last updated2022-12-17

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