2024 Investment Outlook: Three Tips for the New Year

What should investors do to protect their nest eggs as we head into a presidential election and face continued uncertainty about interest rates?

2024 is superimposed on top of a road that leads into the distance.
(Image credit: Getty Images)

2023 was an interesting year for the investment markets as U.S. stocks and bonds finished up for the year. This was in spite of a continuing war in Ukraine, Hamas attacking Israel, a regional U.S. banking crisis and, oh by the way, the Federal Reserve raised interest rates to a 22-year high. Either way, I’ll take it. The question now is, what’s next for investors? Better yet, how should investors allocate their nest egg in 2024?

As we look to the year ahead, here are three examples of how I am advising my clients:

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Michael Aloi, CFP®
CFP®, Summit Financial, LLC

Michael Aloi is a CERTIFIED FINANCIAL PLANNER™ Practitioner and Accredited Wealth Management Advisor℠ with Summit Financial, LLC.  With 21 years of experience, Michael specializes in working with executives, professionals and retirees. Since he joined Summit Financial, LLC, Michael has built a process that emphasizes the integration of various facets of financial planning. Supported by a team of in-house estate and income tax specialists, Michael offers his clients coordinated solutions to scattered problems.