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My Biggest Investing Mistake of 2024 Wasn't What You'd Expect, but It's a Mistake I Won't Be Repeating Next Year


Published on 2024-12-07 17:01:01 - MSN
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  • The S&P 500 goes up about 10% annually on average. But 2024 has been an above-average year. As of this writing, the index has jumped almost 28% year to date. In short, investors didn't need to do anything special to make some serious money.

The article on MSN Money discusses the author's biggest investing mistake of 2024, which was not what one might typically expect. Instead of focusing on a poor stock choice or market timing error, the author highlights the mistake of not diversifying enough into alternative investments like real estate, commodities, or even cryptocurrencies. The author explains that while their stock portfolio performed adequately, the lack of exposure to other asset classes meant missing out on significant gains and potential risk mitigation. This oversight was particularly evident as sectors like real estate and commodities saw substantial growth due to economic recovery and inflation. The author vows not to repeat this mistake in the following year, emphasizing the importance of a well-rounded investment strategy that includes a mix of traditional and alternative investments to better weather market volatility and capitalize on diverse opportunities.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/my-biggest-investing-mistake-of-2024-wasn-t-what-you-d-expect-but-it-s-a-mistake-i-won-t-be-repeating-next-year/ar-AA1vsbwh ]