Hey guys, welcome back. So 2023 is officially a thing of the past. So, Happy New Year. And welcome to 2024.
We are all now setting our goals and resolutions for the new year. I'm sure increasing our wealth remains a top priority for many now, and I think last year caught a lot of people by surprise, as the Fed was raising interest rates at the fastest pace in history. Many thought this would lead to a major collapse, which never happened. As you will soon see, many financial assets had a great year.
In this article, we have some very important topics to cover, including the performance of the #1 asset class, how everything performed last year, and the winners and losers. What are the best places to invest? Next, we'll go over the most important decision all investors need to make in the coming year. And then, finally, we'll finalize my personal plan on how I plan to maximize returns while minimizing downside in 2024.
Well, first off, now that the year is finally over, we can see how everything fared. So, how did things go, and what were the best places to invest in last year?
Here's how the asset class will perform in 2023. We'll take a look at the commodities index; This is the Goldman Sachs Commodity Index, which is a basket of commodities; We have bonds B and D, which is an aggregate bond market index.
We have cash, we have real estate gold stocks like the S&P 500. Technology stocks are NASDAQ, the cryptocurrency market, then Bitcoin. So, starting with commodities, commodities actually had a very bad year being down around negative 10%. Not a good place to be.
Bonds had a terrible year where they were at a certain low point and had one of the worst performances in hundreds of years before making a comeback. This index is finished.