Despite 2023 being a strong year for indices, nine fund managers share their top investment advice and stock picks for 2024. The article discusses the potential for a business-friendly environment in the U.S. under a Republican sweep, expectations for earnings growth, and the likelihood of higher volatility.
It’s easy to forget – especially given that we hear it every year – that this time 12 months ago many professional investors were boldly predicting 2024 would be a “stock picker’s market.”
No matter. A new year is about to unfold, and nine fund managers are putting their investing intuition to the test again in our annual survey of their top investment advice and stock picks for the year ahead. U.S. and global markets are at some of the highest valuations in market history, which suggests prudent investors should take a more defensive stand. Given the difficulty of timing markets, we suggest investors broadly diversify portfolios and asset mixes using 500-year-old investment advice from German businessman “Jakob Fugger the Rich,” who recommended trimming areas that have done well and replacing them with segments that have lagged. Using this logic, investors should likely be trimming U.
Jason Del Vicario, portfolio manager, and Steven Chen, analyst, at Hillside Wealth | iA Private Wealth Inc.We recommend holding a concentrated portfolio, say 15 to 25 names, of exclusively high-quality stocks acquired at favourable prices and held for the long term.. Evolution is the largest casino in the world you’ve probably never heard of. This is because it dominates live online gambling and white labels its services to the likes of MGM and provincial lottery corporations.
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