2023 was an interesting year for the investment markets as U.S. stocks and bonds finished up for the year. This was in spite of a continuing war in Ukraine, Hamas attacking Israel, a regional U.S. banking crisis and, oh by the way, the Federal Reserve raised interest rates to a 22-year high. Either way, I’ll take it. The question now is, what’s next for investors? Better yet, how should investors allocate their nest egg in 2024?
As we look to the year ahead, here are three examples of how I am advising my clients:
1. Cash is not always king.
There is a record amount of cash on the sidelines, $6 trillion in money market assets, according to Reuters. If you’re in a money market waiting for the right time to invest in the stock market, good luck. In my experience, it never feels like the right time to invest. There is always something — “the market is too expensive,” “the…
