Dear Reader,
Welcome to the new year.
I hope you took it easy on the booze and aren't too hungover...
Before we get into my top stock picks for 2024, I want to set in stone some of my New Year's resolutions.
That way I can come back to this and check myself if I start to fall off the wagon.
First, let's talk routine.
I want to be in bed around 10:00 and wake up around 6:00. This will give me ample time to take my dog for a long off-leash hike so she gets her exercise. I do this sometimes already, but I want to be more consistent.
Second, let's talk fitness.
I started last year strong with the goal of doing 100 pushups, 100 situps, and 100 body-weight squats every day. That, unfortunately, fell by the wayside as my laziness kicked in. But this year, I want to get back into it and attack that goal. It's not hard when you just spread it out throughout the day, and before you know it, you're done. I also want to stretch, lift weights/kettlebells, and meditate/pray first thing in the morning, before the rest of the world is awake. Along with that, I started rock climbing again toward the end of last year, which was probably the best decision I made all year. Combine that with running once or twice a week and I've got a pretty active routine.
Third, let's talk health.
I've recently been on a diet consisting mainly of red meat, with the goal of building solid muscle so I can burn more fat. But anecdotally, the carnivore diet doesn't seem to be working as well as I had hoped. I think this is because in order for the diet to work correctly, you have to stick to it religiously, and I just get tired of eating ground beef and steak all the time. But what's the best diet? Well, it's probably the one that makes you feel the best. We're all different, so you have to find what works for you. I've personally done it all — fasting, intermittent fasting, carnivore, keto, Mediterranean. But nothing seems to get rid of that stubborn belly fat that I've carried around my whole life. Here's a little nugget of wisdom for you. Carbs by themselves aren't bad, and fat by itself isn't bad. But when you mix the two together, that's when disaster strikes.
Oppenheimer Would NEVER Have Seen This Coming
After 70 years, J. Robert Oppenheimer's legacy is being rewritten.
It's all due to the breakthroughs being made in next-gen nuclear technology, like small modular reactors (SMRs).
These mini reactors are safer, smaller, and will start popping up all over the world in the next few years...
But the real opportunity isn't in the builders of these SMRs — it's in their fuel source.
You need to see this one for yourself immediately.
Think about it... Why are all the most fattening foods a mix of carbs and fat? You've got pizza, which is bread (carbs) and cheese (fat). Cheesesteak, which is bread (carbs) and meat (fat). Bread and butter, pasta and olive oil... you get the idea. It's probably why these foods taste so good. Here's why these meals cause you to gain weight. When you eat carbs, your cells open up and go into storing mode. So if you pair carbs with fat, your cells intake the fat and store it. I didn't know this until recently, so I'll be trying to avoid those types of meals. Also, carbs don't trigger the mechanism in your brain that tells you you're full, so you tend to overeat them. I think this year, I will focus more on eating vegetables and fruits and eat meat sparingly. A lot of things in life are about how you feel, and I just feel better when I eat that way. Don't worry, though, I'm not going vegan on you. I'd also like to go one full year without drinking alcohol.
And we can't talk about health without talking about the brain. One of the best things you can do for your brain is read, so I'll be reading many more books this year.
Finally, let's talk about money.
This will lead nicely into my top stock picks of 2024.
I want to open a Roth IRA. It seems crazy that I haven't done that yet, but this will be the year to do it. I've had a traditional IRA since I was a teenager. I like the traditional IRA because it allows you to lower your taxable income by however much money you put into it every year. But the benefit of the Roth is that it's not taxed when you retire. Kind of hard to beat that.
Also, as it relates to investing, I want to have more discipline when it comes to selling stocks. There are countless examples in my own brokerage account when I sold way, way too early. The difference is astounding. I might make a cool 50% in a couple weeks and sell the position, only to look at it months later and realize I could have made 100%, 200%, even 350%, and sometimes even more!
So let's look at some stocks I think are going to outperform the market this year.
Goldman Sachs: AI a "$7 Trillion Opportunity"
Banking giant Goldman Sachs just said...
That the artificial intelligence (AI) market could be worth $7 trillion in just a few years.
And one former Wall Street analysts predicts it could hand you 5,300% profits — thanks to one little-known stock.
That's because this tiny firm holds over 200 patents on an AI breakthrough...
One that will be in 70% of cars, 80% of hospitals, and 94% of corporations.
To discover the details...
Simply click here.
Top Stocks of 2024
I'm going to go back to my 2023 predictions because they're largely the same for this year.
My top pick last year was Innovative Industrial Properties (NYSE: IIPR). It's a real estate investment trust that leases land to pot growers. And it pays the highest dividend in the industry, coming in at a whopping $1.80 a share per quarter. That'll surely come in handy in any economic season.
The second trend that I'm really excited about is the expanding psychedelics market.
That's because companies are cheap relative to those in the medical marijuana sector, and the evidence points to psychedelics holding more medicinal power than cannabis. Not to mention they're now considered safer by researchers.
As Big Think notes,
A pattern emerges when you compare the harmfulness of different types of psychoactive drugs: Alcohol and hard drugs like heroin and cocaine rank as the most harmful, while psychedelic substances like psilocybin and LSD score as the least harmful. It's perhaps not too surprising. After all, psychedelic substances are generally non-toxic and medically safe to consume. The drugs do not come with the same kind of overdose risks that substances like alcohol and heroin do. Still, psychedelics can have profound effects on the psyche. Bad trips are a real phenomenon. But bad trips are sometimes the result of an interplay between the drugs and the user's environment. As explained by Dr. Matthew W. Johnson, a professor of psychiatry and behavioral sciences at Johns Hopkins, the conditions under which someone experiences psychedelics can significantly influence the trip — for better or for worse.
Recent experiments have shown that psilocybin, the active psychoactive compound in magic mushrooms, is effective at treating things like PTSD as well as OCD and other anxiety disorders.
Here are the major players in the psychedelics market:
- Bright Minds Biosciences (NASDAQ: DRUG)
- Cybin (NYSE: CYBN)
- GH Research (NASDAQ: GHRS)
- Mind Medicine (NASDAQ: MNMD)
- Silo Pharma (NASDAQ: SILO)
Shots Fired!!!
A war is raging between Wall Street and Main Street, and we're going to battle.
Join our private community of like-minded investors every trading day at 9:00 a.m. for our "Opening Salvo."
We'll tell you which stocks we're watching. We'll catch you up on key market-driving events. And we'll be speaking our minds without any corporate sponsors or three-letter agencies peering over our shoulders.
Participation is free for anyone with this invitation.
P.S. This is an exclusive, limited-time event. We rally at 9:00 a.m. until market open. Trading days only. You must be a member of our private Discord to participate. Join here and check back in at the "Opening Salvo."
Finally, if you haven't been buying Bitcoin miners, you've been missing out on a huge rally.
The Valkyrie Bitcoin Miners ETF (NASDAQ: WGMI) is up nearly 400% year to date!
Individual stocks in the space include:
- Terawulf (NASDAQ: WULF)
- Marathon Digital Holdings (NASDAQ: MARA)
- Bit Digital (NASDAQ: BTBT)
- Bitfarms (NASDAQ: BITF)
The growth here is astronomical.
The crazy thing is... these companies are still penny stocks.
Once the fabled BlackRock Bitcoin ETF launches, all bets are off on how high these could go.
Here's to a great 2024.
Stay frosty,
Alexander Boulden
Editor, Wealth Daily
Check us out on YouTube!
After Alexander's passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.
Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns.
Check out his editor's page here.
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