The Capitalist Investor - Episode 209 In this episode, Luke revisits his predictions about weed legalization and cautions about sinking ships in the industry, while Tony shares his tactful investment approach for 2024, highlighting his penchant for value stocks and caution against pricy giants like Amazon. The conversation takes a festive turn as the hosts discuss their New Year’s plans, culinary ventures including dino eggs, and personal resolutions to improve health, increase savings, and even invest in relaxation with an Xbox. Meanwhile, they don’t shy away from hard-hitting topics like economic forecasting, weighing in on the volatility of oil production, the reasoning behind a potential bond rally, and separating viable economic data from sensationalist clickbait. Finally, the episode wraps up with the excitement of an office investment challenge victory dinner and a call to listeners for topics to explore in the upcoming year. Tune in to hear seasoned insights that blend serious financial acumen with light-hearted banter to ring in a prosperous New Year.1. The State of the Weed Industry and Investment ForecastsLuke led the discussion by reflecting on his previous correct prediction about the widespread legalization of weed. However, he offered a sobering update that a particular unprofitable business in the sector is facing the threat of insolvency due to dwindling demand. The hosts concurred that market saturation and regulation challenges continue to pose a risk for certain companies within the budding cannabis industry.2. Tony’s 2024 Investment Strategy – A Turn Towards Value StocksWith an eye towards the future, Tony shared his investment strategy for the new year, placing a spotlight on the potential upswing for value stocks. In contrast to his avoidance of energy sectors and highly priced tech stocks such as Amazon, Tony advises listeners to consider the merits of more traditional value investments, highlighting banks as a potential beneficiary of expected earnings growth.3. New Year’s Eve Plans and TraditionsA personal touch was added to the episode as the hosts exchanged their plans for New Year’s Eve, revealing a preference for comfort and simplicity. Whether it’s staying in to enjoy homemade dino eggs (stuffed jalapenos) or attending the unique ‘walleye drop’ event in Cleveland, the hosts remind listeners that celebration doesn’t necessarily require opulence.4. Economic Hot Takes Versus Data-Driven AnalysisIn a critique of sensational economic predictions, the team emphasized the need to focus on solid data over clickbait headlines. They dissected the flaws in hot takes and emphasized the importance of critical analysis when it comes to investment decisions. This topic underscored the show’s commitment to providing listeners with pragmatic and thoughtful financial insights.5. Personal and Financial Resolutions for the New YearThe episode wasn’t just about financial health; physical well-being was also on the docket. Derek expressed his resolution to make a return to regular gym sessions and to be mindful of his 401k contributions. Tony talked about his goals of maintaining fitness and increasing his Roth savings. Luke added his own personal improvement goals, which include not only physical fitness but also investing in leisure, such as purchasing an Xbox, to balance relaxation with financial acumen.Connect with Derek GabrielsenTwitter: @DerekGabrielsenFollow Derek on LinkedInSend Derek a message hereCheck out Derek’s YouTube channel!Connect With Luke LloydTwitter: @LloydBoyLukeFollow Luke on LinkedInSend Luke a message hereThe SWP Connect YouTube ChannelConnect with Tony ZabiegalaTwitter: @TonyZabiegalaFollow Tony on LinkedInSend Tony a message hereThe SWP Connect YouTube channel!Send your questions and comments to us at info@SWPConnect.com
