Happy New Year to you all! We want to thank everyone who took the time to complete the poll last week which outlined your predictions in 2024. Below are the results from our latest survey.
S&P Price Target Predictions
Although the most optimistic forecasts align with those of the most bullish Wall Street analysts, the more conservative predictions remain quite subdued. On average, clients anticipate positive returns in 2024 which is a sentiment shift from where things were a year ago.
Price of Bitcoin by Yearend
Admittedly, the poll exhibits a broad range, making the consensus of $40,000 – $100,000 a reasonably secure prediction. There are, however, a few Bitcoin enthusiasts who anticipate it surpassing $100,000 this year, especially if a spot ETF receives approval, potentially gaining momentum.
Best Performing Stock
The predictions spanned a wide range, featuring numerous Mega Cap tech stocks. Among the most interesting forecasts, one name stands out:
Safety Shot (SHOT), a beverage manufacturer specializing in a product designed to lower blood alcohol content. This company has captured media attention by addressing the age-old issue of the notorious hangover. We appreciate the creativity here!
Billion Dollar Club!
At the end of 2023, Lake Street achieved a noteworthy milestone, exceeding $1 billion in client assets. This accomplishment is a testament to the trust and backing we’ve received from our clients. The team has dedicated tremendous effort to consistently offer top-notch financial advice, and surpassing the billion-dollar mark indicates that we are on the right track.
We are truly grateful to everyone who contributed to reaching this milestone. Your confidence in our services has played a pivotal role in our success, and we consider ourselves privileged to have you as part of the Lake Street family.
Presented by the Financial Planning Committee of Lake Street, an SEC Registered Investment Adviser
The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor. This report is not intended to be a client-specific suitability analysis or recommendation, an offer to participate in any investment, or a recommendation to buy, hold or sell securities. Do not use this report as the sole basis for investment decisions. Do not select an asset class or investment product based on performance alone. Consider all relevant information, including your existing portfolio, investment objectives, risk tolerance, liquidity needs and investment time horizon. Diversification does not ensure a profit or guarantee against a loss. There is no assurance that any investment strategy will be successful. Investing involves risk and you may incur a profit or a loss.