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STOCKS - Studies show that the Average American is absolutely horrible at investing. In fact, the typical return that most people achieve is just barely higher than the rate of inflation. The reason for this is simple: “Investors consistently bought assets that were overvalued and sold assets that were undervalued.”
For context, it was found that - in the first year, you have a 73% chance of being profitable, which increases to 80% in the second year, 90% in the fifth year, and, 97% in the 10th year - basically implying that the longer you stay invested throughout a diversified index, the more likely you are to come out ahead.
THE HOUSING MARKET - It's said that “More inventory will be generally offset by more buyers in the market. As a result, it is expected that, overall, the median home price in the U.S. will grow modestly, rising to $394,200 for 2024, a 1.5% increase over 2023.”
On the other hand, Redfin believes that 2024 will see a median price drop of 1%, Zillow thinks we’ll see a drop of 0.2%, Morgan Stanley anticipates a price drop of 3%, and JP Morgan believes that affordability could be resolved by the time 2027 comes around.
For the rest of the year, my entire 2024 investing blueprint is really simple:
First: Go through my expenses and reduce any unnecessary spending. Second: Invest consistently on a regular basis. Third: Buy and hold for the next 20 years Fourth: Continue buying Index Funds - 80% United States, 20% International Fifth: Save cash on the sidelines for a potential real estate opportunity And Sixth: Allocate 5% to speculative investments.
Separately, new revisions also show that American’s “Excess Savings” is way higher than expected, leading to the notion that there’s still plenty of dry powder on the sidelines, ready to buy in - IF the market were to drop.
Hope this helps! Are you reading this? If so, feel free to comment "I'm reading this" and I'll do my best to reply!
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
