PAX - How I Would Invest $1 Million Today
2024-02-10 09:00:00 ET
Summary
- Investing in 2024 is very challenging.
- Valuations are high and the world is very unstable.
- Here is how I would $1 million today.
Someone asked me yesterday:
"If you received $1 million, how would you invest it?"
It is not an easy question given that:
- Stocks ( SPY ) are today priced at historically high valuation multiples.
- Interest rates are expected to be cut substantially in the near term.
- Real estate cap rates remain quite low in most cases.
- Gold could suffer major capital flows to alternatives like Bitcoin.
- Bitcoin, on the other hand, has already risen a ton.
- We may be facing a recession in the near term.
- China could decide to invade Taiwan and we are much closer to a 3rd world war than what most people appear to understand.