2023 is nearly over, and the Investing News Network is looking forward to 2024.
To kick off the new year, I asked five experts to share their most important "dos and don'ts" for investors.
Read on to find out what they had to say.
1. Rick Rule: Get involved in the resource sector
Many of the people I've spoken to recently have emphasized the importance of simply being involved in the resource space right now, especially gold and silver. Of course, veteran investor and speculator Rick Rule of Rule Investment Media may have said it best: "If you believe in a bull market in precious metals and commodities ... start by investing."
3. Gwen Preston: Get gold exposure now, wait on base metals
Gwen Preston of Resource Maven also commented on how crucial it is to have exposure to gold right now, but she said she's exercising caution when it comes to base metals. In the energy sector she sees a lot more room for uranium to move.
4. Jeff Clark: Look for juniors with cash and catalysts
In terms of how to identify companies with potential, Jeff Clark of TheGoldAdvisor.com said he's looking for stocks with the two Cs: cash and catalysts. He also described a strategy he uses to weed out stocks in his portfolio that he may need to sell — "What if I told you that you had to cut your portfolio in half?" he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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INN. (2023-12-22 13:00:00). investingnews.com
