Investments for 2024? (1.Viewing)

Aside from domains, what do you see as a good investment for 2024 and even into 2025?

Bitcoin/crypto has had a resurgence this year. A year ago bitcoin was $28k CAD, now it's at $70k. There is a bitcoin halving coming up this April (the amount of new bitcoin released daily drops in half every 4 years), and that is usually bullish. Solana is up almost 10x in the past year. I'm not sure how much gains are ahead in crypto but some think there is room to run.

Tech stocks are pretty lofty at or near all time highs when they economy is starting to look rocky, so personally I'm staying away from those.

I think gold, silver, uranium, copper miners will do well, especially gold and silver. Gold has been consolidating around the $2000+ level and I think will break above $2100 and head higher this year. That will really show up in gold miner margins. Mining is a pretty unloved/disregarded sector right now, just as it was in 2000, before if went on a multi-year run.

You have a company like Newmont, the biggest gold producer in the world, at a 52 week low and even 5 year low. Two years ago it was trading at double the price and now has a 5% dividend. If the gold price takes off like many expect, companies like Newmont will do really well. When you get into a gold and silver bull market, the miner prices can double to 10x and give some pretty hefty returns. Right now the sector is unloved and cheap, which is the 'buy low' part of the 'buy low sell high' strategy. Mining isn't going anywhere as everything made of metal and the whole transition to green energy is going to require a lot of infrastructure, which means more mining is needed. Copper especially is forecast to have some big supply deficits in coming years, and it isn't easy to find and build the new mines that will be needed.

Can you invest in Grocery stores? They're doing well.

I just read this morning that Loblaws is doing a big expansion, adding 40 new stores.

domains said:

I just read this morning that Loblaws is doing a big expansion, adding 40 new stores.

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Of course they are, as all anyone can afford to buy is food.

Galen is opening up 40 new Loblaws stores and Bell is shutting down 100 Source stores - do the math. Food is in, luxury items are out.

I was talking to a TD branch manager in a social setting and he told me that people are walking in, trying to borrow money to pay for food. That's the sole reason they walked into the bank.

That's scary and what kind of weird-ass country are we building here.

I'm hearing more on financial podcasts that 'buy now pay later' schemes have been increasingly used and might be partly responsible for the stronger than expected consumer holiday spending season at the end of 2023. Savings gone, credit cards maxed out, hey now there is the buy now pay later option! I heard they are even exploring buy now pay later options for grocery shopping, meals and drinks at restaurants or clubs, etc. It's like some people have been accustomed to living a certain way the last few years and will do anything to keep funding that lifestyle - not that that includes groceries, but using buy now pay later for drinks at a club??

The waste management and environmental industries, especially in Canada, are thriving. To give you an idea on a smaller scale, a company I work with charges $200 to dump a tri-axle (18 cubic yards) of soil. They process it in ten minutes and sell the screened soil for $20 a yard. Trucks going in and out all day long.

Remember the phrase 'one man's trash is another man's treasure'?

domains said:

I'm hearing more on financial podcasts that 'buy now pay later' schemes have been increasingly used

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Like Klarna right? These schemes are turning into a disease right now, especially in Canada, where businesses are being created expressly to take advantage of new immigrants/workers/refugees/students. I read stories of "fake immigrant surcharges" online for everything from rentals to repairs to reno, and it's pretty sad.

Canada has become a country of opportunists and Trudeau is making sure their coffers are full with a ready supply of warm bodies with wallets.

DomainRecap said:

Like Klarna right? These schemes are turning into a disease right now, especially in Canada, where businesses are being created expressly to take advantage of new immigrants/workers/refugees/students. I read stories of "fake immigrant surcharges" online for everything from rentals to repairs to reno, and it's pretty sad.

Canada has become a country of opportunists and Trudeau is making sure their coffers are full with a ready supply of warm bodies with wallets.

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When an honest earning doesn't cut it anymore because the gov't is taking so much and handing it out to others, people are forced to become more opportunistic.

mcm said:

The waste management and environmental industries, especially in Canada, are thriving. To give you an idea on a smaller scale, a company I work with charges $200 to dump a tri-axle (18 cubic yards) of soil. They process it in ten minutes and sell the screened soil for $20 a yard. Trucks going in and out all day long.

Remember the phrase 'one man's trash is another man's treasure'?

Click to expand...

How do they know the soil is clean, not contaminated?

domains said:

How do they know the soil is clean, not contaminated?

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They require at least 100m3 of material from the same location, and anything to do with excess soil at that volume is heavily regulated.

Bitcoin has done pretty well since I started this thread. Yesterday hit about $93k, from $70k CAD on Feb 20, now back around $85k. so volatile, and other cryptos have been moving up with it.

Gold also is now at an all time high, close to $2150 US. and will likely go higher this year imo, along with silver.

I think gold and bitcoin are sniffing out the high government debt, and high costs of government borrowing to keep things going (overspending) with rates at 5%. US government debt is now increasing by $1 Trillion dollars every 100 days. Not sustainable. In April the Liberals are releasing their budget, which will be another multi-billions $$$ deficit.

If inflation comes back governments will have a hard time pushing interest rates higher, because so many are now at the breaking point already. If they lower rates and weaken the US dollar, gold and bitcoin will take off higher. They might have to make the choice between higher rates and breaking the economy, or letting inflation get away on them. Both aren't good at all.

Gold is now over $2300 US, it's in a technical breakout and mining stocks should start doing really well imo. Silver has also started to run, now almost $27 US.