Anyone who has followed it since 2016 has grown their money by 101%-154%.
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Dear Fellow Investor,
“It’s time to buy stocks.”
I’m guessing that’s what thousands of investors the world over thought in early November, as Rishi Sunak claimed the fight against inflation had been won.
Maybe you’re one of them.
You’re not alone.
Investors the world over celebrated inflation’s defeat by buying stocks, with more or less every major market in the world rallying.
With that in mind, I have good news for you.
Take a look at this chart, which shows the performance of the “Magnificent Seven” of leading technology stocks… against the wider market.
As you can see, the “Mag 7” – Google, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla – are up more than five times as much as the rest of the market.
And that’s your opportunity.
It means while the market as a whole has been dragged higher by a few top superstars, there are plenty of stocks out there that are trading at much lower valuations.
Which means… it might just be time to be getting into the market, as 2024 rolls around.
It’s about time.
The last couple of years have seen some serious headwinds for investors, with rising inflation and interest rates keeping a lid on stocks.
Now, with both of those threats appearing to recede, you’re probably starting to wonder how you can get your portfolio moving forwards again next year.
The question is:
What’s going to be strongest over the next 6-12 months?
Will the “Magnificent Seven” tech mega-caps continue to lead?
Will bonds come back from the dead?
Will the FTSE 100 finally make new highs – after going nowhere for the best part of half a decade?
I’m going to answer some of these questions for you today.
In fact, I’m going to share what I call my “Money Map” for 2024.
It’s my way of finding order in the chaos… understanding which assets will be strongest when everything seems uncertain… and figuring out where the money will be made next year.
In other words…
The “Money Map” shows you where to invest – and where to avoid – in 2024.
It’s a simple but important goal.
No matter how complex or chaotic markets might seem, you still need a coherent, actionable plan. In simple terms that means:
- What to buy...
- What to sell...
- And what to avoid like the plague.
You need a plan.
And you need to execute it.
That’s what my “Money Map” is all about.
It’s based on the model I built whilst managing $3 billion at HSBC Global Asset Management for more than a decade – and it’s been used with great success by hundreds of private investors like you.
And as an active investor, I think it could be exactly what you need to keep your money growing next year.
So, here’s what I’m going to do in the next few pages:
2) I’m going to explain what it means for you and your money in 2024.
3) And I’m going to tell you about the two model portfolios I manage using this framework. I’ll also show you how to get every single stock recommendation in both of those portfolios, for free.
By the way: both of those portfolios have beaten their benchmarks since I started offering them to private investors back in 2016.
My conservative portfolio (it’s not exactly “set and forget”, but it’s not far off) returned 101.1% between 2016 and December 31 2023.
In the same time, its benchmark - the FTSE Private Balanced Index Total Return - went up 74.9%.
In other words, my conservative portfolio (which I call ‘Soda’) outperformed significantly.
And my more active, aggressive portfolio (which I call ‘Whisky’) has returned 154.8% in the same time.
In the same time, the FTSE 100 went up 68.7%.
In other words, Whisky has performed more than 2x better than the FTSE, with less volatility and only one down year out of eight.
I don’t like to brag. But I think those numbers stack up with anything else you’ll find out there.
And the people who’ve been following my recommendations over this time have done well for themselves. That’s why ByteTree has a 4.8 star rating on Trustpilot.
That tells me the work I’m doing is making a difference. And the feedback – again, all posted publicly on Trustpilot – has been overwhelmingly positive.
(There are plenty more like that. But you get the picture.)
With that in mind, let’s dive in to the model itself.
What is the “Money Map” and what does it mean for your money?
First things first, it looks nothing like a regular map...
That's because it doesn't give you the location of a specific place you can go.
It shows you precisely where your money needs to be for the biggest potential returns next year.
It’s the result of more than two decades spent working in the financial markets, both in the City at HSBC and advising private investors.
Now, I don’t want to pretend this is some sort of Holy Grail black box system that predicts every move in the financial markets.
That’s impossible. (Though there are plenty of charlatans out there on the internet who’ll swear otherwise.)
Financial markets are the most complex, dynamic system known to man.
They represent the hopes and dreams of billions of investors… reflect the supply and demand dynamics of hundreds of commodities and thousands of businesses… and are shaped by stories playing out in every country in the world.
They are – in other words – infinitely complex
But whilst working in the City, I set out to find a way of imposing order on the chaos.
I wanted to find a framework that’d help me understand and predict what’d happen next.
So that’s what I set out to do.
After years of research… working through multiple bull and bear markets… watching trends rise and fall, financial crises flare up and recede… and working alongside some of the very best investors in the world…
I slowly built the framework behind the “Money Map”.
It wasn’t easy.
But it works.
For proof of that, look at the track record I showed you earlier… and the reviews we’ve received on Trustpilot.
Once you understand it, you'll not only see where the smart money is moving right now... you'll see how you can move ahead of it to profit.
Instead of geographic coordinates, it has two key economic indicators.
These influence everything from the interest rate the government pays on its debt to what a pint of milk costs at Tesco – and everything in between.
Those two vital indicators are inflation and interest rates.
Based on whether they're rising or falling, the "Money Map" does the rest – showing you which sectors of the market to move into.
Take a look...
The Money Map
If it's all Greek to you, don't worry. It's simple, once you understand it...
One axis – running from left to right – charts whether bond yields are falling or rising.
The other – from top to bottom – shows whether inflation is rising or falling.
Here's the important point: If you put those two key data points onto the Money Map...
It tells you exactly where your money needs to be invested under any market conditions.
So what does that mean for your money today?
For the past two years or so (give or take), markets have been defined by rising interest rates and rising inflation.
But it looks like both of those key trends have now reversed.
Inflation may not be “under control” yet – we have to be much more cautious than that.
But there’s no disputing it’s falling, rather than rising, driven mostly by the fact food and energy costs have stopped going up.
And that means interest rate hikes are – most likely – now behind us.
Whether interest rates will FALL from here is another thing.
And it’d be a double-edged sword if they did. In 2000 and 2008, rate cuts actually signalled the start of a slowing economy and falling stockmarket.
But let’s not get ahead of ourselves.
Using the “Money Map” as our guide, falling inflation and steady interest rates imply we should be moving into ‘Quality’.
By that I mean non-cyclical stocks with stable cashflows. I’m looking at consumer staples, healthcare stocks, high quality travel and hotel firms, and investment trusts trading at deep discounts.
(In fact, I just added a new stock to one of my portfolios – a classic UK consumer staple stock with a great brand, stable cashflows and a very attractive valuation.)
Meanwhile, I’m expecting the commodities and other “inflation trades” to start pulling back. Many already have (markets are forward looking – and generally much smarter than people give them credit for).
Bottom line: these are the trends that will shape the markets next year.
They’ll define where the big money goes.
They’ll see trillions of dollars of capital move OUT of some assets and IN to others.
In case I'm not being clear:
Now is NOT the time to do nothing
As I’ve explained, interest rates and inflation are the two driving forces in financial markets.
When they change direction, everything changes.
Fund managers change their allocations. Money migrates. What was strong starts to fall back – and assets that were weak can begin to outperform.
These aren’t trends that are done in a day or two.
They play out over months, even years.
Make the wrong calls and you can find yourself holding the wrong assets at the wrong time – and regret it.
That means there’s a great opportunity on the table for you... or major risks if you sit on your hands and do nothing.
Which is where the “Money Map” comes in.
It’s designed to help you navigate these shifts – to get on the front foot and move money into areas in the markets that historically do well in these conditions.
It's your choice.
Move to quality stocks, at attractive prices, and I expect you to do well in 2024.
And there are more attractively priced stocks out there than you might think.
It may look like stocks have gone up a little this year.
But looks can be deceiving.
In the USA, for instance, seven stocks – the “Magnificent Seven” Silicon Valley megacaps – have accounted for most of the total market’s return.
Take a look at this chart. The green line is the “Mag 7”. The red line is the equally weighted S&P 500, which removes the bias towards those seven stocks. It tells quite a story…
On an equally weighted basis, the market hasn’t really done much for three years.
Large parts of it have actually fallen.
But the outperformance of seven big technology has dragged the wider market higher, papering over those falls.
That’s actually good news.
It means there’s some quality businesses out there, trading at valuations that merit a long hard look.
And that’s why I have a proposal for you
If all of this is coming out of the blue and you’re wondering who on earth I am, allow me to introduce myself.
My name is Charlie Morris.
I have 25 years of fund management experience. I launched HSBC’s Absolute Return Service in 2002, which grew to over $3bn.
After that, I managed the Total Return Fund at Atlantic House Fund Management until June 2020, at which point it was ranked number 1 out of 48 funds in the Trustnet Target Absolute Return Sector.
I founded what would become ByteTree in 2013. What began as a project to deliver reliable and trustworthy data on the emerging cryptocurrency markets has expanded to become a boutique research business offering the best model portfolios across multiple assets.
I also sit on the investment committee for the Society of Technical Analysis, and my gold valuation model was published by the London Mastels Bullion Association (LBMA) and the World Gold Council (WGC).
Prior to all that, I served as an officer in the Grenadier Guards, after graduating from Sandhurst in 1994.
And today I have a simple proposal for you.
Rather than go out and do the research yourself, I’d like to offer you an easier way forward.
As I said, I’ve successfully used the “Money Map” for decades as my guide when analysing the markets.
And I have two model portfolios, based upon its principles, ready and waiting to share with you.
I’d like to give you access to both of them, when you take a one-month free trial of The Multi-Asset Investor, my regular investing advisory.
In the Soda portfolio, you’ll find lower risk, long term holdings.
Each position is carefully vetted and researched by me. You get everything you need to make your move, from the ticker symbol of each recommendation, to the percentage of your portfolio it should make up.
Then there’s the Whisky portfolio, which is more aggressive and active.
I add – and remove – trades here a lot more frequently, as market conditions dictate.
The idea is, you can “mix your drink” however you like, according to your risk preference and goals.
You might go heavy on the Soda with just a dash of Whisky.
Or you could go the other way – embrace risk and plump for a bigger glug of Whisky.
It’s your call entirely.
You’re in total control of what you do and the decisions you make
I’m here to give you the ideas and insights you need to make good decisions.
And as a Multi-Asset Investor subscriber, you don’t just get access to those two portfolios.
You also get:
In other words, The Multi-Asset Investor gives you everything you need to manage your own money the smart way.
I like to think we do a good job of this. In the interests of complete transparency, here’s how both portfolios have performed since 2016:
Not every year has been a winner, just as not every trade makes money. There’s always risk involved when you choose to invest your money.
But overall, following my work since 2016 would have grown your money far more than the benchmark, far more than most active fund managers, and with no performance fees.
Which – let’s face it – is the name of the game.
And I’m pleased to say my subscribers appear to agree:
OK, so what does it cost?
Far less than you’d expect.
Back in my days as a fund manager, clients paid a management fee… and needed a minimum amount of starting capital.
But The Multi-Asset Investor is open to anyone.
There’s no performance fees or anything like that.
In fact, it costs just £30 a month.
Easily affordable for any private investor.
You can cancel any time you like.
PLUS – you get your first month free of charge
So you won’t actually pay anything today – but you’ll get near-instant access to both model portfolios and everything else I’ve been telling you about.
It’s quick and simple to sign up.
All you need to do is click here, or on the ‘Subscribe Now’ button below.
You’ll be taken to a page that lays out everything you get as part of your subscription.
Simply enter your email address in the box.
You’ll then be able to choose which additional free emails you’d like to subscribe to. Choose which newsletters you’d like then click continue – and we’ll do the rest. (A confirmation email will be sent to your inbox - click the "Sign in" button to access the "Six Lessons" report.)
Look, we’re heading into a new year.
The financial world is changing fast, with interest rates and inflation peaking.
That’s going to create opportunities for you.
But there are also risks out there too.
What the “Money Map” – and my research in general – aims to do is chart a course through the chaos… and help you grow your money.
Both of my model portfolios are ready and waiting for you, accessible the second your 30-day free trial starts.
It’s all ready and waiting for you…
If you’ll take the final step and join me at The Multi-Asset Investor today.
The Multi-Asset Investor
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