Investment Strategy Update: Q1 2024

I am considering a strategy change going into Q1 of 2024 and wanted to give an update on how things are doing for the year.

Why I am investing in crypto again

I often get asked by my friends how much cash I made on crypto as i’ve been a shill for it for almost the better part of a decade now. I would say I am a standard reason for how you can buy crypto way back in the day and

Justin's BlogJustin Barsketis

Things are getting hairy in the economy

I feel kind of foolish writing a bearish commentary on the economy, but I feel like the economic conditions right now are screaming at us, and I don’t see how our central planners are going to get us out of this mess. They are calling for “soft landings” or an

Justin's BlogJustin Barsketis

Portfolio Update

This last year I got about 10k into the markets using my previously mentioned strategies. I wanted to do more but life happens :D.

Crypto - Bitcoin has been absolutely crushing it since I released my post announcing I was buying again near 15k, today the price is sitting above 40k. My earlier smaller buys are up near 70%, where my later buys with more money are up around 20%. If only I realized how low of a price that was back last year, I thought it could still go down a bit so didnt buy as much as I should have. Once the tides turned though I started buying as much as I could afford.

Stocks - Both my individual stock pick portfolio and ETF portfolio are performing well. I kept on my auto buys for the ETF portfolio the most consistently out of everthing and it showed strong returns this year.

ETF Portfolio - +18.11%

Stock Portfolio - +9%

Treasury Bills - $3200 @5% ish

Strategy for 2024:

Stock - The stock market I think is set to rally another leg, which if does happen, puts the top 7 stocks at an extremely high levels. Even if these stocks lose 50% they will hav solid P/E ratios.

I dont think these stock prices can hold despite the AI race taking place. Google and Microsoft are the best positioned, but that will drastically depend on how their new products are adopted.

This being said, I think my strategy will be in early Q1 to wait for another rally getting the SP 500 near 5000 levels, then just rebalance my portfolios to minimize the exposure to the 7 stocks. I am highly considering just buying more treasury bills, or perhaps more crypto as I feel its the only asset with some high upside potential currently.

Crypto

BTC is about to experience its halving event, and we have the ETF on the horizon. I do believe these events will pump up crypto to new levels. If I were really trying to time this I think I would want to sell near 70k, but part of me wants to hold longer term to hope it gets up the the 120k level.

I may try to make some more serious BTC buys if it drops lower to its old resistance levels. This price action could easily explode up if big buyers come into the market, but at the same time, could just be a bear trap that has priced this in. The world liquidity markets still are in shambles and I many institutions are just buying up bonds for their safe return at record rates.