My Top Five Buys Right Now
The TikStocks Portfolio finished +45% in 2024...
The stock market is finding its footing.
And that's been good news for a few of our recent buys. We added to multiple new tech stock positions in November, both of which are already up double digits. That's even more impressive considering the S&P 500 is basically flat since Donald Trump's election in November.
Only time will tell where markets will head next. But other than a slightly more hawkish Federal Reserve, nothing has changed with my outlook for the market. And as I reviewed in the "My Three Predictions for 2025" newsletter yesterday, I expect 2025 to be a solid year for the markets.
That means now is the time to add to core portfolio positions, along with reviewing some buys for those building out their portfolios.
Core Portfolio (SPY, QQQ, etc.)
Wall Street was bearish heading into 2024.
In fact, the average Wall Street bank expected the S&P 500 to rise a mere 1% in 2024. Considering the index finished the year up 23%, these forecasts were spectacularly wrong.
Going against this prevailing bearish narrative and looing recession calls is a key reason the TikStocks Portfolio delivered a 45% return in 2024...
...topping our stellar 36% return in 2023. And I don't expect the upward trajectory to stall any time soon since we're in the early-to-middle stages of the following tailwinds:
Global liquidity Boom (read more here)
Global AI productivity Boom (read more here)
Boomer Spending Boom (read more here)
Millennial Peak Earnings Years Boom (read more here)
Trump 2.0 Deregulation Boom (read more here)
The "shakeout" we've seen over the last month has done minor damage to the S&P 500's technical picture, as the index was briefly trading below its 50-day MA. However, it has since reclaimed this level, which is a bullish technical signal:
I will be watching to see if $SPY can close above $610 and create a "higher high" on the chart. If that happens, we could be off to the races.
With that in mind, I will continue holding my positions.
New Members: Allocate 5% of your portfolio to a long position in the SPDR S&P 500 ETF (SPY) and 5% of your portfolio to a long position in the Invesco QQQ Trust (QQQ).
Mega Cap Tech Holdings (AAPL, MSFT, etc.)
Going into 2024, I was right when I predicted the Magnificent 7 tech stocks would outperform the rest of the market. While this was out of consensus at the time, there were simply too many tailwinds at these companies backs for me to think anything else.
Holding - and adding to - these mega cap tech positions is a key reason the TikStocks Portfolio returned 45% in 2024:
But that was then, and this is now. That's why if I were buying tech stocks here, there are a few that are screaming buys and a few I would avoid.
At the top of my buy list is still…