2024 Preliminary Strategy & Positioning
2024's First Move - Happy New Year to All
Note: Welcome to all new Members in our Community. My Daily Market Notes and Pre-Markets on WhatsApp will resume on Tuesday, January 2nd, 2024. Notes are sent out Monday-Thursday.
Take advantage of our 2024 Offer as it expires tomorrow.
Hi Everyone,
I wish you all a prosperous 2024.
In this note, I will layout high-intent transactions that I have as we enter the new year.
The first order of business is that I believe on intermediate-timeframes (looking out 60-90 days), the VIX is too low, the indices are too high, and stock selection plays an increasing role in managing exposure in an elevated stock market.
My priority is to protect what we’ve built in 2023, and slowly extend it into 2024. While everyone is looking for the one cycle that makes them rich, I’m looking to continue working my system that is going to pay me year in, year out - with as manageable of a drawdown as possible.
To set proper expectations going forward, my aspirational target return on any given year is to go for 10-18% regardless of market conditions. I will again aim for 10-18% in 2024 after achieving this target in 2023. Being able to do 10-18% per year on long timeframes on repeated timeframes is much better than having years that look like 50% one year and -30% the next. Mathematically, a -30% year wipes out a +50% year. Don’t forget this.
Anything more than 10-18% per year will purely be a bonus in my opinion. I do not believe this return profile will be easy to achieve in 2024, but I will give this target my best effort.
This below is my Hand heading into the New Year. I wish all of you a strong 2024.
Also, last call to join and lock in current prices before they move up on January 1st, 2024 while we add in a new feature that we believe will be valuable for everyone.