What is Your Most Profitable Trade and Predictions for 2024?
Welcome to Thursday Special!
As we look back on 2023, what is your most profitable trade, and what strategies contributed to it?
Taking the time to analyze and learn from our successful experiences can provide valuable insights for the upcoming year, with the hope that everyone can achieve substantial financial gains.[USD][USD][USD]
Looking beyond our successes, let's also venture into bold predictions for 2024. What industries do you believe hold the most potential?
Whether it's the advancement of technology, shifts in consumer preferences, or global trends influencing the market, your insights can contribute to our collective ability to stay ahead of the curve and identify growth opportunities in the coming year.🚀
Feel free to reflect on your experiences, share your predictions, and exchange thoughts with other tigers. Who knows, you might be the next visionary in our midst!
Wishing everyone a prosperous new year filled with successful trades and investment opportunities![Heart]
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@Universe宇宙 @Shyon @Aqa @HelenJanet @DiAngel @LMSunshine @koolgal @GoodLife99 @rL @Zarkness @xXxZealandxXx
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The group reported a sparkling set of results for its third quarter 2023 (3Q 2023) back in late October.
For the first nine months of 2023 (9M 2023), net revenue rose 18.1% year on year to S$104.5 million.
Operating profit more than doubled year on year to S$20.3 million while net profit nearly tripled year on year to S$15.1 million.
The better results are due to the initial one-month contribution from iFAST’s Hong Kong ePension contract.
There could be more to come in 2024.
iFAST will continue to recognise revenue from the ongoing implementation of the eMPF system in Hong Kong and management expects revenue and profitability for 2024 to show “robust growth” compared with 2023.
CEO Lim Chung Chun also hinted at higher dividends next year as profits are expected to substantially increase.
@TigerEvents @TigerStars @Daily_Discussion
In 2024, still believing that tech will be the best industry, specifically for China/ HK tech- beaten down for too long!
🌟🌟🌟My Most Profitable ETF is $Energy Select Sector SPDR Fund(XLE)$ . It is currently up 44% even though Energy Stocks have been trading sideways this year. In just 1 trade I gain access to the largest and strongest US Oil Giants like $Exxon Mobil(XOM)$ and $Chevron(CVX)$ as well as Warren Buffett's favourite oil stock $Occidental(OXY)$
The expense ratio is a low 0.10%. The Top 10 holdings Exxon Mobil and Chevron take up 39% of the total weightage. The Top 10 weightage is 75%.
With the current ongoing war in the Middle East and the Ukrainian war, the conflicts could escalate at any time. There is also an embargo on Russian oil by the US and its allies.
XLE is low cost and diversified. The best part is the nice, juicy dividends that I collect every 3 months. The current dividend yield is 3.47%.
I believe that XLE ETF is a great ETF to buy and hold long term as energy is an essential commodity that we can't do without.
@MillionaireTiger @TigerStars @TigerClub @TigerPicks @Tiger_SG
OCBC, their recent focus on eco-friendly initiatives like Eco-Care Loans showcases anticipation of environmentally conscious consumer choices in the face of economic uncertainties. Additionally, their data-driven strategies and appointment of a head of data office indicate a commitment to leveraging technology for efficient operations and risk management in a volatile environment.
OCBC's focus on transparency, innovation, and sustainable practices positions it to weather the storm. The bank's commitment to data-driven decision. Bullish OCBC in 2024 @MillionaireTiger
Gain at least by 40-50%.
Investing based on 3 important factors:
1. Pick the leader in the particular sector with max moat.
2. Gather more stocks during dips when undervalued.
3. Never listen to the "analysts or economists". the market has more bulls than bears.
Wishing all a gainful New Year and may the market be with you in the 2024!
AI breakthroughs: Generative AI will empower drug discovery, tailor treatments, and automate mundane tasks, reshaping clinical practice. Expect early deployments in diagnostics and personalized medicine.
Pharma transitions: Specialty pharmacies see rapid growth thanks to personalized treatments and gene therapies. Traditional pharmacies adapt by offering wellness services and integrated care.
This is just a glimpse – healthcare promises a thrilling 2024, where technology empowers patients, revolutionizes care delivery, and unlocks immense potential for growth and innovation.
One of my more profitable trades in 2023 include going long on is Cleanspark.
Reasons why I selected this stock for long term holding + option trading:
1) Price of Bitcoin is on the uptrend
2) High likelihood of Spot Bitcoin ETFs being approved in Jan 2024
3) Bitcoin halving event in April 2024 4) Though market cap wise, Cleanspark is not as huge as MARA and RIOT, but it mines Bitcoin in a more efficient manner than the other 2, and is highly profitable. Using clean renewable energy to mine puts Cleanspark in a highly advantageous position should the mining sector face carbon footprint regulations / taxes. Cleanspark achieved a milestone hash rate this year (better than that of RIOT) and is expected to do much better heading into 2024 with the acquisition of higher efficiency mining equipment.
5) Great institutional interest and high trading volumes / traction.
One of my more profitable trades in 2023 include going long on MARA.
Reasons why I selected this stock for long term holding + option trading:
1) Price of Bitcoin is on the uptrend
2) High likelihood of Spot Bitcoin ETFs being approved in Jan 2024
3) Bitcoin halving event in April 2024 4) MARA being a mining company with largest market cap, highest mining hash rate and large Bitcoin holding
5) Great institutional interest and high trading volumes / traction.
took an interest in EVTL. think it would be the next EV industry.
Happy new year fellow Tigers. stay safe and happy 2024.
Huat Ah! [Miser]
@MillionaireTiger
The advancement of technology, healthacre and transport sectors will disrupt the market in 2024 providing ample opportunities for tigers to enhance their wealth and financial growth.