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My Investment Strategy For 2024

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I am not a professional investor and have never claimed to be. I'm an amateur investor sharing my experience of what I've learned, where I have had success, and where I've had failures. I share my thoughts on investing and performance with transparency. My approach and goal to investing is to buy high-quality long-term investments in world-class businesses that I call "compounders". I view my investments as businesses, not as stocks. Before creating content on YouTube full time I worked as a senior-level programmer for 8 years. Over the years as a programmer, I compounded my knowledge of development. I take the same iterative learning approach to my study of investing. I study investing as a craft in the continual pursuit of being better. I will make mistakes in investment decisions from time to time. Results are not guaranteed. Please do not blindly follow me into any investments, and make sure your portfolio and investments are built around your specific income, risk tolerance, personality, timeline, and overall circumstances.

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65 COMMENTS

  1. I’m going to be uploading a little less frequent over the next two weeks, so I can spend some time with the family around Christmas. I’ll still be on the community discord doing some AMA’s and other fun things. If you want to hang out on the discord or try out Qualtrim check out the Patreon.

    Try out the Patreon today: https://www.patreon.com/josephcarlson

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    🎥 Over 100 exclusive videos, and new ones every week.
    🚀 Full access to Qualtrim.com, the stock analysis website I built from the ground up
    📚 Transparent portfolio updates, with every buy and sell I do, as well as monthly one-pager updates.
    💬 Access to the Joseph Carlson Show private discord community, with 4,500 members

  2. Very good video Joseph. If at all possible, it would have been nice if you included you watch list for 2024 and went over the main points why these stocks are on your watch list. Perhaps this can be your next video 🙂 Happy Holidays and a Happy New Year to you.

  3. Thank you for bringing valuable content, excellent work 👏 Wishing you and your family a happy, healthy and peaceful holiday season!

  4. Thanks Joseph! You’ve become a better investor over the 4 years watching you and your growth has helped me grow. Here’s to another 15 years (as thats when I plan on retiring maybe you will before then?) Cheers!

  5. Commit to doing your best and always sharing it with us Joseph. Thanks for all the great learnings of 2023 and early well wishes for 2024. Hoping to make more gains together with the JC community. 👍🙌

  6. Always a good idea to take a step back and breakdown your portfolio, it’s strengths, weaknesses, where you can improve, or stay the same.

  7. I agree. Sick of chasing lower prices for mediocre companies. I have decided to pay up for quality companies for most of the portfolio.

  8. I’m hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I’ve been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I’m not sure on how to mitigate risk

    • Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70–80% in secure investments. looking at your budget, you should consider financial advisory.

    • Excellent info. My problem is when it starts dropping I think it’s going to keep dropping for awhile and I wait so I can get the best deal. Next thing I know, it’s back up again. I’m retired so don’t have as much time but don’t need the money for at least ten years or so. Gets tricky for me

  9. Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

    • Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

    • It took me 5 years to stop trying to predict market movements based off charts studying, cause you never know. Not having a mentor cost me 5 years of pain I learn to go where the market is wanting to go and keep it simple with discipline. I’ve made over $250k since then.

  10. Invest early, frequently, and consistently. If you buy a decent cross section of an economy, you should do well in the long run. In 10 to 20 years, the market will be high, and much higher in 30. A corporation with no debt is nearly hard to bankrupt. Canada accounts for around 3% of the worldwide market, the United States for about 50%, and the rest of the world accounts for 47%. First and foremost, pay yourself. It is time in the market, not market timing. I keep my FA at the top of the market. Parker, Emily Lois. Pigs are butchered while bulls and bears gain money. – a few insightful words

    • Thank you, this was definitely worth the read, as an Investors may avoid making decisions out of fear of regret. This can lead to inertia, where individuals hold onto cash rather than invest, fearing they will make a wrong decision.

    • I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you that you talk so highly about?

  11. The S&P 500 moved 8.9% higher in November, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I’m still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas…

    • I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

    • True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She’s helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

  12. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?

    • Since the crash, I’ve been in the red. I’m playing the long term game, so I’m not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

    • In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

    • She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  13. The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I’m blessed because if not I wouldn’t have met someone who is as spectacular as Expert Mr KAYLIAN SMITH.

    • Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023

    • Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

    • You’re absolutely right, and that’s a beautiful mindset you’ve got there I never thought of it this way before.

    • I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping, he’s too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable

  14. I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I’m seeking to invest $200K across markets but don’t know where to start.

    • The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

    • You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

    • I just googled her and I’m really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  15. I’m thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

    • I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

    • True, A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She’s helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

    • I just googled her and I’m really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  16. I do say we all share a common opinion, no matter the strategy or method we all want the highest returns with the lowest risk possible, its not so easy as I write it, I wonder what are better ways to actualize such returns.

    • this is just facts, we also know for a fact the market can be very rewarding when approached the right way, firstly the need for experience is called for, you’d have to have consistent and continues studying the market, getting well informed would you a lot of good.

    • My portfolio just surpassed a million on ROI, in my opinion and experience, I believe having a FA handle the technical and complicated aspect is one of top moves to getting remunerative.

    • You can stop wondering. Knowledge, knowledge and knowledge. Understand where the world is going to have at least a passing understanding on how the playground is likely to develop. Understand the different fields of business, the opportunities and risks involved and finally understand the individual companies you invest in. The numbers tell you nothing if you don’t have a context to put them in. I would’ve liked to buy into NVIDIA a while back, but I didn’t because I have zero idea about how much the company can actually grow, how well their tech ACTUALLY works. Simply put, I do not understand the business of NVDA sufficiently well to figure out whether or not that stock is a golden opportunity or a disastrous bubble. Always remember to accumulate knowledge and reliable sources for information and news while you accumulate wealth. We all want to buy good companies, but it takes a lot of work to actually identify the really good ones that have actual growth potential to justify their often premium price.

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