The Ultimate Guide To Investing In 2024

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  • Опубліковано 28 чер 2024
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    This is your ultimate guide to investing in 2024. This video will cover everything from the stock market basics, to the most effective ways to put your money to work, and an exploration of the biggest economic and financial factors that are set to influence the markets in 2024.
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    TIMESTAMPS
    INTRO 0:00
    THE BASICS 1:00
    HOW TO GET STARTED 4:12
    MARKET DYNAMICS 5:13
    SHORT-TERM FLUCTUATIONS 6:41
    LONG-TERM TRENDS 8:33
    STRATEGY 1 11:48
    STRATEGY 2 13:56
    STRATEGY 3 17:23
    2024 KEY FACTORS 19:48
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    Disclaimer:
    The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
    Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
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КОМЕНТАРІ • 98

  • @HamishHodder
    @HamishHodder  5 місяців тому

    This video has been sponsored and approved by Aura.
    Stop data brokers from exposing your information. Go to my sponsor
    aura.com/hamishhodder to get a 14-day free trial and see if your personal information has been compromised

  • @JimGreenfield
    @JimGreenfield 3 місяці тому +44

    Okay so I advise you to start with stocks, When picking stocks my only advice is you buy a good cross-section of an economy and you should do well over the long term. The market will be high in 10 to 20 years, and significantly higher in 30. It's almost impossible for a company with no debt to go bankrupt. Canada is about 3% of the global marketplace, the U.S. is about 50%, and the remainder of the globe is 47%. Pay yourself first. It's time in the market, not timing the market. I stay on top of the market with my FA Anna Rounds Fay. Bulls and bears make money, but pigs get slaughtered. - some wise words

    • @Maryesther1
      @Maryesther1 3 місяці тому

      Thank you, this was definitely worth the read, as Investors may avoid making decisions out of fear of regret. This can lead to inertia, where individuals hold onto cash rather than invest, fearing they will make a wrong decision.

    • @AltmanP
      @AltmanP 3 місяці тому

      Thanks for sharing, I just looked her up on the web because this is equally important to me, and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

    • @HelenToner
      @HelenToner 3 місяці тому

      The aim is always to find stocks with market-beating yields and shares that at least keep pace with the market for the long term.

    • @MellisaAdam
      @MellisaAdam 3 місяці тому

      she has a pretty decent bio.

  • @KenHagenes-yv6un
    @KenHagenes-yv6un 5 місяців тому +85

    Nice and Informative video. I started investing with a qualified FA about a year ago and I’ve scaled from 70k to 280k in dividends. It's been great working with a pro.

    • @CarolJ.Sorenson
      @CarolJ.Sorenson 5 місяців тому +6

      I compounded 570k last year. I key into the instructions of my FA, Ann Marie Celentano and her returns have been remarkable

    • @JMorries
      @JMorries 5 місяців тому +2

      searched on google for this lady you mentioned. her records are impressive and I was able to reach out. thank you for sharing

    • @albforever
      @albforever 5 місяців тому +1

      I know Ann, my close friend trades with her too. The returns have been so good he bought a new house this month.

  • @Lateatnightshorts1
    @Lateatnightshorts1 5 місяців тому +9

    The title should be “stock market for beginners” lol

  • @hadiuzzaman
    @hadiuzzaman 5 місяців тому +12

    Very elementary content, useful for the beginners. Discussion of 2024 starts @19:44

    • @miket2916
      @miket2916 5 місяців тому +1

      so, not useful to you?

  • @McElvinn
    @McElvinn 5 місяців тому +32

    The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?

    • @Defisher
      @Defisher 5 місяців тому +2

      Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

    • @sheltonPston
      @sheltonPston 5 місяців тому

      No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

    • @Patatkevin
      @Patatkevin 5 місяців тому +1

      Please how do I find and contact this financial counselor ?

    • @sheltonPston
      @sheltonPston 5 місяців тому +5

      Nicole Desiree Simon deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy

    • @Donnald.
      @Donnald. 5 місяців тому

      Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

  • @meldavies9909
    @meldavies9909 5 місяців тому +2

    An excellent breakdown of what investing in stocks means. Should be included in most educational curriculum.

  • @antontzonev1194
    @antontzonev1194 5 місяців тому

    Great video once again, thank you Hamish!❤

  • @AndreaJohn1
    @AndreaJohn1 5 місяців тому +12

    I've been exploring the world of stock investing recently. There's so much information out there

    • @TheRick11
      @TheRick11 5 місяців тому

      Different stocks offer various growth potentials and risks. Some may provide steady dividends, while others focus on capital appreciation. It's essential to diversify your stock portfolio to mitigate risk.

    • @Muriel-1112
      @Muriel-1112 5 місяців тому

      Someone who act's fiduciary

    • @Muriel-1112
      @Muriel-1112 5 місяців тому

      Like CHRIS RYAN STEWART

    • @Thomas-ff7wn
      @Thomas-ff7wn 5 місяців тому

      He appears to be well-educated and well-read. I ran a GOOGLE search on his name and came across his website; thank you for sharing.

    • @Thomas-ff7wn
      @Thomas-ff7wn 5 місяців тому

      Looks efficient from what i am seeing, maybe i will send a mail to get insights

  •  5 місяців тому +1

    Good work Hamish! Awesome Thumbnail.

  • @harleycartley3138
    @harleycartley3138 5 місяців тому +61

    I follow these generally simple rules and this has worked amazing for me. Diversify, dollar or pounds cost averaging investing method, portfolio re-balance every quarter with my CFA and I have mainly an allocation fund with mix of SP500 managed ETFs/ index funds. worked out the best for me and my portfolio grew over 245% last year, just hit the 7 figure mark..Grateful to Emily Lois Parker.

    • @meredithelbert6608
      @meredithelbert6608 5 місяців тому

      Go hard in your 20's. Your 30's+ will thank you tremendously.

    • @donaldlocher2537
      @donaldlocher2537 5 місяців тому

      I looked up Emily Lois Parker on the internet out of curiosity; she has a strong résumé.

    • @robertthurmond8161
      @robertthurmond8161 5 місяців тому

      Truly It's all about using assets with compound interest to amass riches.

    • @billcresta
      @billcresta 5 місяців тому

      did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her too

  • @melkiyad2504
    @melkiyad2504 5 місяців тому

    Cheers Hamish! Great explanations and forsight, your content is a peg above the rest.

  • @anthonybengston
    @anthonybengston 5 місяців тому

    Excellent Hamish!

  • @bobbyjames5414
    @bobbyjames5414 5 місяців тому +18

    I’ve realized that the secret to making a million is making better investment..🙂

    • @Russelbobby45
      @Russelbobby45 5 місяців тому

      *Victoria k Walter*, That's Whom I Work With_

    • @craigbrown7886
      @craigbrown7886 5 місяців тому

      @@Russelbobby45Wow I'm surprised you know her too, she’s amazing!

    • @PatriciaMary11
      @PatriciaMary11 5 місяців тому

      This opportunity has changed my life, My credit score increased tremendously, I became a multiple 6 figure earner, I'm able to financially, support my family. I now have the time to be with my family and also the luxurious life I've Dreamt of.

    • @JeffreyAlice
      @JeffreyAlice 5 місяців тому

      @@PatriciaMary11is *Victoria k Walter* on youtube?
      please how do i reach her!?.

    • @bobbysmith1119
      @bobbysmith1119 5 місяців тому

      @@JeffreyAliceWell, she's not!... UA-cam is a public place; i can't drop her information here

  • @yuzaR-Data-Science
    @yuzaR-Data-Science 5 місяців тому

    Thanks, Hamish. I love your videos generally. But I felt that this one provided even more value then usual. Keep up a great work! If I may suggest an idea, that would be: deep dive into passive investing and what's it's future? can it ever fail one day? cheers mate. have a good one!

  • @brandonvanderkolk8064
    @brandonvanderkolk8064 5 місяців тому

    Banger dude!

  • @tadakimasu
    @tadakimasu 5 місяців тому

    Very nice summary Professor Hodder!

  • @Jake65Kelly
    @Jake65Kelly 5 місяців тому

    Thanks again Hammish. Where does the notion of ‘taking profit’ fit? is it trading or value investing?

  • @OMO_OBA
    @OMO_OBA 5 місяців тому

    This video provides a comprehensive explanation for beginners on how to invest in the stock market.

  • @wattsinvesting1679
    @wattsinvesting1679 5 місяців тому

    Nice thumbnail Hamish!

  • @waynelast1685
    @waynelast1685 4 місяці тому

    19:57 as you have commented in other videos, the stock market increase, was mostly due to the top 10 stocks in the S&P 500, and NASDAQ. So the question is, is this going to remain true for 2024, or what will happen to the broader stock market? Are we in a tech bubble or not? That would be a good idea for a future video? I’m sure a lot of people would love to see that.

  • @richardc488
    @richardc488 4 місяці тому

    Hammish I was up over 42% last year only doing US stocks

  • @danielcutts9564
    @danielcutts9564 5 місяців тому

    Up Soreth 😎

  • @whateverrandomnumber
    @whateverrandomnumber 5 місяців тому

    18:58 Astérix! Yaaaay!

  • @teamtuno
    @teamtuno 5 місяців тому

    I like the content (though it's a bit basic) but I never heard answers to specifically what about 2024 will "make or break" my wealth. What did I miss?

  • @KaiserSoze_MAR
    @KaiserSoze_MAR 2 місяці тому

    The title should be-stock market for beginners

  • @rebeccamoore8366
    @rebeccamoore8366 5 місяців тому

    I'm under pressure to grow my reserve that currently holds about $500k. I'm down by 20% already following the crash and I fear I could lose more.

  • @lukethmpsn
    @lukethmpsn 5 місяців тому

    I think trading can work. But not for those outside of the professional trading companies. Computer trading and huge amounts of information mean regular Joe's are at a massive disadvantage.
    Long term growth can't be shorted away from you and is generally an easier strategy.

  • @stephenjoyce5528
    @stephenjoyce5528 5 місяців тому

    Can't print the handout ;((

  • @Patriciacraig599
    @Patriciacraig599 5 місяців тому +5

    I'm considering investing around $700,000 in stocks as I've learned that savvy investors can still profit during challenging times. Do you have any solid stock market strategies for this year?

    • @sheltonPston
      @sheltonPston 5 місяців тому

      It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

    • @sherryie2
      @sherryie2 5 місяців тому +2

      Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m

    • @Aziz__0
      @Aziz__0 5 місяців тому

      I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

    • @sherryie2
      @sherryie2 5 місяців тому +4

      Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services

    • @Aziz__0
      @Aziz__0 5 місяців тому +1

      I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get

  • @waynelast1685
    @waynelast1685 4 місяці тому

    18:43 what does it mean “cash” ?

  • @user-wb4yj6sw3k
    @user-wb4yj6sw3k 5 місяців тому +1

    Basic

  • @timk8856
    @timk8856 5 місяців тому

    What does the YT title have to do with the content of this video ..? Not really much in my view (apart of a 2min macro summary at the end)

  • @miket2916
    @miket2916 5 місяців тому +2

    Oh, I thought it'd be keloids and clickbait titles/thumbnails

  • @miket2916
    @miket2916 5 місяців тому +1

    "2024 Will Make Or Break Your Wealth"
    really?

  • @DaxXx988
    @DaxXx988 5 місяців тому

    S&P500 alone is not "US stock market"

  • @useyourbrain1232
    @useyourbrain1232 5 місяців тому

    Put all my life saving in telsa at 100x leverage lmao, yolo😂

  • @DaxXx988
    @DaxXx988 5 місяців тому +2

    Stop fooling yourself and just buy the index/ETFs

  • @AmandaTrivizas-ql6xe
    @AmandaTrivizas-ql6xe 5 місяців тому +26

    I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller

    • @RyanGabriel-el4gt
      @RyanGabriel-el4gt 5 місяців тому +2

      😱 sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journey!

    • @AmandaTrivizas-ql6xe
      @AmandaTrivizas-ql6xe 5 місяців тому +2

      she's mostly on Telegrams, using the user name

    • @AmandaTrivizas-ql6xe
      @AmandaTrivizas-ql6xe 5 місяців тому +3

      MILLER185💯.. that's it

    • @SuccessMikeMatthew-gw5uh
      @SuccessMikeMatthew-gw5uh 5 місяців тому +1

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

    • @b.l3588
      @b.l3588 3 місяці тому

      God stooooop

  • @a004
    @a004 4 місяці тому +1

    Man this was boring

  • @user-gu5hq2bs4t
    @user-gu5hq2bs4t 5 місяців тому +1

    ❤️I will be forever grateful to you miss Charlotte Bates, I really don't know how to appreciate you, you change my life and my family situation, a huge thanks to her expert Charlotte...

  • @TheJacklance1
    @TheJacklance1 2 місяці тому

    That was very rudimentary and boring