Best stocks for 2024?

Good morning,

If you’re like most investors, 2022 was tough on your portfolio. The major indexes posted double-digit losses. And if you owned any of the Magnificent 7 stocks of 2023, you know they were anything but magnificent. 

But 2023 has been a different story. And if you own a stock like Nvidia Corporation or Tesla, Inc. you have doubled your money.  

Some investors will chalk that up to luck. But history says that’s not the case. That’s been evident in the market in the decade that started in 2020.  

One lesson that the 2020s is teaching investors is that there are always opportunities, no matter what is happening in the broader economy. Finding these opportunities is a matter of understanding market trends.  

For example, in 2020, savvy investors saw an opportunity when oil prices briefly turned negative to buy oil and gas stocks at all-time cheap valuations. At the same time, many investors were buying stocks of biotechnology companies that were on the forefront of vaccine research. 

It can also require a willingness to take profits when you get them. For example, in 2021, investors doubled their money in EV stocks and other clean energy stocks as the Biden administration put a new emphasis on clean energy. Some of those stocks didn’t play out as expected. And some stocks gave investors 2x or more gains but have fallen back since then.  

So, what will 2024 bring? That’s the focus of this special presentation. We can’t say for sure, but here are seven stocks that look like they can help you double your money by 2025. 


View the 7 Stocks That Can Turn $5,000 Into $10,000 by 2025


The Early Bird Team


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Investing in stocks is a lot like planting a garden. You start with a little seed (your money), and you hope that over time it grows into a big, beautiful plant (more money). Today, we're going to talk about what kinds of stocks might help turn $5,000 into $10,000 by 2025, which is like trying to grow your garden as big as possible in a few years.

First, it's important to understand that investing in stocks can be risky, just like gardening. Sometimes, despite all your hard work, things don't grow the way you want. The weather might be bad, or pests might come. In the stock market, things like the economy getting weak or companies having problems can stop your money from growing, or you might even lose some.

But there are ways to try and pick stocks that have a good chance of growing. We're looking for stocks that might grow a lot, and fast. These are often called "growth stocks." They're like the fast-growing plants in your garden. These stocks are usually from companies that have new and exciting ideas, are making new products, or are growing very quickly.

Tech companies are often good examples of growth stocks. They make new gadgets, software, or services that everyone wants to use, like the latest video game or a cool app for your phone. As more and more people buy their products, these companies can grow very fast.

Another type of stock to look at is called "emerging market stocks." These are stocks from countries where the economy is just starting to grow really quickly, like a young plant that's just starting to sprout. These countries might be building lots of new things, like roads and buildings, and starting lots of new businesses, which can make their stocks grow fast.

However, picking the right stocks can be tricky. It's like choosing the right seeds for your garden. You need to do your research. Look for companies that seem strong, have good leaders, and have a plan for how they will keep growing. It's also smart to read and watch news about companies and the economy, like checking the weather and learning about gardening tips.

Diversifying is also very important. This means not putting all your money into one type of stock. Instead, spread it out over different kinds of stocks. This way, if one doesn't grow, you have others that might be doing better. It's like planting different kinds of seeds in your garden, so if one plant doesn't grow well, you have others that might do better.

Remember, turning $5,000 into $10,000 by 2025 is a big goal, and it might not happen. Investing is always uncertain, like weather in gardening. You're aiming to double your money in a few years, which is ambitious. It's important to be patient and keep an eye on your investments, just like you watch and take care of your garden.

In summary, choosing stocks to try and turn $5,000 into $10,000 by 2025 is like planning a fast-growing, diverse garden. Look for growth stocks in areas like technology or emerging markets, do lots of research, and spread your investment over different types of stocks. But always remember that investing comes with risks, and it's important to be patient and realistic with your goals. Just like with gardening, sometimes things don't grow as expected, but with care and smart choices, you give your garden the best chance to flourish.


 
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