Investing is not only a way to add more income to your retirement savings or emergency fund, it is also a source of multiplying your wealth and increasing spending power over time. From highly secure to risky investment avenues, the spectrum of choices is extensive in this domain.
That said, StoneBridge professionals have curated a list of the top five assets to keep an eye on for March 2024. These selections are especially beneficial for those looking to strengthen their portfolio.
1. Microsoft (MSFT)
The company garners admiration with an IBD Composite Rating of 94 out of 99 and an excellent average EPS growth of 25% in the past three quarters. This growth reflects Microsoft’s successful adaptation and innovation in the tech world, specifically in the artificial intelligence sphere. CEO Satya Nadella’s vision of applying AI at scale is no longer a future idea, but a present reality, highlighted by the introduction of its own AI chip, the Azure Maia AI Accelerator, the new Bing search engine, and Edge web browser.
Ultimately, given its consistent performance and a pipeline of groundbreaking projects, Microsoft stands as an undisputed choice for investors intending to profit from the tech industry’s future.
2. The iShares Core S&P 500 ETF
For investors seeking to invest in a broad spectrum of the stock market, iShares Core S&P 500 ETF is a good choice.
Sponsored by BlackRock, this ETF mirrors the performance of the S&P 500 with astonishing accuracy. Its low expense ratio of 0.03 percent makes it an ideal choice for investors seeking to maintain a diversified portfolio at minimal cost. This ETF stands as a cornerstone investment, suitable for almost any portfolio, reflecting stability and offering exposure to the largest companies in the US.
3. Super Micro Computer Inc. (SMCI)
The tremendous leap of Super Micro Computer’s stock value in a tech-saturated market shows its core position in the dynamic interplay of the digital landscape. Being a state-of-the-art computer hardware supplier, the company is in an excellent position to take advantage of the rapid expansion in cloud computing, AI, blockchain technology, and autonomous vehicles markets.
With an impressive 955% increase in share value since the beginning of 2023, and over 200% in 2024 till now, Super Micro Computer embodies the high-growth potential within the tech sector, presenting a wonderful opportunity to growth-oriented investors.
4. Bitcoin
Illustration of Bitcoin logo on a blackish background
The cryptocurrency leader has, once again, captured global headlines, reaching a new all-time high of over $69,000. This recent growth, which is associated with huge capital injections by some of the US finance giants, clearly outlines Bitcoin’s volatile yet attractive nature.
While its price trajectory can offer immense returns, it should be approached cautiously. Investors must assess their risk tolerance as well as portfolio balance before jumping into the Bitcoin wagon, keeping in mind the possibility of both gains and dips.
5. Gold
In times of economic flux and uncertainty, gold’s allure as a safe-haven asset shines ever brighter. The role of gold in diversifying one’s portfolio is indispensable, giving protection against inflation and market volatility.
Note that with options like gold CFDs, offered by brokers like StoneBridge Ventures, participants can navigate the price movements of this precious metal without the necessity of physical ownership. This avenue simplifies and democratizes access to gold, making it effortlessly convenient for anyone to leverage its value.
Bottom line
As we look towards the investment horizon of March 2024, these five assets stand out for their potential to enhance and diversify investment portfolios. From the tech behemoths paving the way to the future with AI and hardware innovations to the timeless value of gold, there is a wealth of options to suit a variety of investment strategies and risk profiles.
