March 27, 2024

Last year was a very good year to be in equities. The S&P 500 returned 29%, the Nasdaq did almost as well, and the Dow and the small caps did about half that.

The old favorites — Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Google (NASDAQ: GOOG) — went up an average 37% in 2021. It’s good to have scale in pandemics.

But the places to be were hydrocarbons and cryptocurrencies. Bitcoin went up 66%, and crude oil went up 55%. I expect oil services companies will have a banner year as they turn the pumps on full again.

The big losers were Chinese ADRs, which fell 46%, and gold, which was down 4%. Chinese leadership would rather have obedience than riches, and gold is a barbarous relic.

Here’s a nice chart of the gains in the crypto space that Charlie Bilello was kind enough to put on Twitter. You’ll notice that Bitcoin is way down on the list.

I’m not a fan of Bitcoin and wouldn’t recommend buying it simply because it isn’t very useful and will be the first coin that gets the legislation hammer from Joe Biden.

That said, there are a number of great alt-coins out there. In my trading service Launchpad Trader, we bought a number of these stocks and saw some nice triple-digit returns. I use a basic three-tier system when buying these alt-coins:

  1. They are in an uptrend.
  2. They meet a specific need.
  3. They are backed by big names and/or companies.

Launchpad Trader assumes a bit more risk than your average newsletter,…

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *