In this video we cover the TOP ETFs for 2024!
It's a new year and time to mix up the trades a bit. So what are the TOP ETFs for 2024?
ETFs have quickly emerged as a leading investment tool among all investors over the last 25 years. Currently there are over 3000 ETFs to choose from! Which makes finding the best ones for job a tad challenging at times! But not now!
OVERVIEW:
In this video we will discuss the following:
• Top ETFs for 2024
• How I trade
• Index ETFs
• Commodity ETFs
• Sector ETFs
Resources Mentioned In This Video:
Transcript:
hey folks it's that time again we've got
to the end of another year which means
we're starting a new season and that
makes it the perfect time to take a look
at some of our trades and see what we
might want to shift which is exactly why
I have decided to do a video today on my
best ETFs for
2024 it's going to be great let's
go
[Music]
hello hello everybody it's Jeremy Whaley
here from trade Maestro hope you're
doing fantastic today and as I said in
the opening we're going to take a look
at my best ETFs for
2024 so it's a new season whenever
you're watching this if you're watching
at the end of 2023 or if you're watching
this just after the New Year perfect
time perfect time to take an account of
everything and of course exchange traded
funds are one of the best tools to use
for our portfolios especially when
you're trying to manage something that
historically maybe has been done by a
fund manager but you've taken control of
that and so that's what we use ETFs for
so I'm going to talk about my best ETFs
for 20124 for those of you who may be a
little bit new to some of the stuff that
we do and maybe aren't as familiar with
the terminology let me just kind of give
you one slide on what is an ETF what are
ETFs and an ETF is simply that's an
acronym for or an exchang traded fund
ETF exchange traded fund what does that
mean well folks it's like a mutual fund
only different so if you're familiar
with the concept of a mutual fund which
most of you are because you know most of
your retirement funds and your
retirement fund managers are using
mutual funds so a mutual fund is a
pooling of different stocks that you
bring together into a fund and then you
pull people's money together to buy all
these stocks and then as the collective
fund Rises then you make money on it
well an ETF is kind of like that but the
difference is you don't trade it like a
mutual fund instead you trade it like a
stock it trades on the exchange exactly
like an individual stock so you know
you're used to trading an apple or a
Google or you know any of the 3,000 Plus
stocks that are out there well guess
what you can also trade a fund like that
and when we do that it's called an
exchange traded fund and guess what it
is way way better than a mutual fund it
gets rid of a whole bunch of the bad
stuff of the mutual funds it adds a
whole bunch of the great stuff that you
get whenever you trade a directly uh
trade a stock directly and that makes
this in my opinion the the mutual fund
of the future I've called it that for
probably 15 years and um the first time
I called it that it was already well
established and that was at least 12 or
15 years ago so for sure this is the
mutual fund of the future all right with
that said I have given you the preframe
if you want more uh information about
ETFs then you can take some of my
courses on ETFs and learn more about
that but what we're going to do here is
I want to give you a list of my favorite
and my best ETS for 2024 so get ready to
take screenshots get ready to take your
pictures and before we do this I want to
also remind you kind of my philosophy of
how I trade um I'm not a day trader per
se sometimes we'll do b day trades but
that's not my preferred style of trading
uh everything that I'm going to share
with you in terms of this list of ETFs
will work great for day trading if you
want too my style of trading is more
intermediate swing term intermediate
swing term how do you like that
intermediate term swing trading how's
that intermediate swing trading um which
means that my typical trades are going
to be anywhere from 3 months up to maybe
six or eight months sometimes nine
months sometimes 10 months sometimes
longer just depends on the swing but um
in general we're going to pretty much
catch the intermediate uh swing of the
trade that's the the focus for what
we're doing okay so with that said as a
pre-frame um let's jump in oh actually
one more thing I want to say before we
get going I want you to know these are
not specific trade recommendations I am
not at all saying that these funds are
going up this is a really really
important point in fact I should have
done a slide for it but I didn't I am
not saying these funds are going up
here's what I'm saying these are funds I
like to trade Now understand as a Trader
we trade the upside and we trade the
downside and that just means that these
are good funds to trade okay and they're
my favorites for the upcoming season so
with that said now you know do do not go
out and just buy these funds directly I
mean you can but that's not what I'm
suggesting I'm saying put them on your
watch list and then use Smart trading
behavior all right let's get into
it for starters let's look at my
favorite index ETFs now index ETFs these
are going to be exchange traded funds
that trade an
index and honestly this list pretty much
never changes but I'm going to share it
with you anyway uh The Benchmark is the
Dow Jones Industrial Average the ETF
that we trade for that is Dia diamonds
Dia a okay The Benchmark the S&P 500 the
one we trade for that is spy that's the
spiders spy and then for the NASDAQ it's
QQQ now those are
by far the most popular ETFs that I
trade spy Spy is the most popular ETF
traded so it's always on my list because
of the popularity for it um so there you
have it but if you're looking to get
exposure to the NASDAQ 100 use QQQ if
you're looking to get exposure to the
Dow Jones use Dia if you're looking to
get exposure to the s&p500 use spy and
if you're looking to get exposure to
Russell 2000 which some of you might be
uh use ticker symbol iwm that is the
correlating exchange traded fund
now let's talk about the bottom of this
list the bottom of the list you're going
to notice there's a bunch of short funds
and as I said just a moment ago just
because something's on the list doesn't
mean you need to go buy it these short
funds are designed to go up when the
market goes down so here's what happens
if the overall Market takes a bearish
turn and you don't want to be trading
SPY you don't want to be uh trading the
diamonds Dia uh or QQQ if you don't want
to be trading one of those then how can
you make money in a bare market and the
answer is this next set of funds these
are inverse funds you buy these just
like a stock you can buy them long you
can also buy them short or sell them
short but um it's already a short fund
it doesn't make any sense to do that so
you're going to use these this
particular funds that I'm about to tell
you you're going to use them in a bare
Market when you're looking to make a
profit while the Market's going down
you're going to use these funds you're
going to buy them like a regular long
trade but they're going to go up okay so
here we go uh the 2x short Dow this is
if the Dow Jones is going down and you
want to trade a bearish trade use ticker
symbol
DxD
DxD uh for the short S&P 500 I use
SDS for the short NASDAQ I use use
qid and for the short Russell I use
twwm now you will notice all of these
are 2x funds which means they're going
to move twice as fast okay and I do that
especially for the short trades I
definitely use the 2x funds for that um
I like these funds I trade out of those
um
probably well every every Ticker on here
except for twwm I will probably trade at
least once in the next 12 to8 18 months
just depending what the Market's doing
but I trade these fairly often I trade
the Russell the least um The Diamond spy
q's and the related inverse funds I
trade them relatively often okay so
there's my index list all right next
let's talk about the Commodities list
now um I do not go through every
commodity um these These funds that I'm
sharing with you these actually are the
core funds that I use in some of our ETF
um bigger picture money man management
plans specifically the one that I teach
my ETF uh course that I call raging
profits so these are the ones that we
use for the commodity rotation and so
here they are for gold we're going to
use ticker symbol
GLD for silver we're going to use ticker
symbol
SLV for oil I will use
Uso and for natural gas I use un
G now those are the primary
Commodities I do not rotate through
other Commodities I if I'm not in one of
those four then we'll just be in cash
okay you also notice however two more at
the bottom that are not specifically
Commodities but they don't really fit
somewhere else better so I stick them in
here and that is solar and treasuries so
for solar we use Tan t
an and for TR treasuries we use
TLT now I will tell you that treasuries
are starting to look pretty good right
now at the beginning of the year um
they've actually given us some really
good signals the FED has signaled that
they're done raising rates which means
treasury should have a pretty good
outlook so out of this list that's
definitely one you're going to want to
keep close on your radar gold and silver
it's just the ETF versions for for gold
and silver and then oil and natural gas
again it's the ETF for that so um these
are the only commodity funds that I
really work with um you know from time
to time we might look at some others but
these are the ones that we consistently
rotate in for our rotation for our
sectors okay and finally the last
section is actual sectors and so again
part of our money management plan that
we do we rotate through five of these
actually excuse me we rotate through
five uh
diversifications three of those are
going to come from this list right here
which is our sector list okay so let me
give them to you right here and they're
all the X's basically so xlc is for the
communication Services XL Y is consumer
directory Consumer Staples xlp energy
XLE financials XLF Healthcare
XLV Industrials as xli materials as xlb
real estate XL re Technologies xlk and
xlu for utilities so take a screenshot
of that and then you can have that list
and like I say the these are part of the
bigger picture plan but these are the
ones that we rotate through and I've
been using them for a long time and
really really get great results with
them so again I want to emphasize just
because something's on the list doesn't
mean you need to go buy it right now
what it is is it's on your watch list
and then based on your criteria for what
you should be getting into and when you
move in and out of the ones that are
appropriate so if you want to learn more
about that you want to learn more about
how we use these I actually
have a 3-day challenge that is free
you're welcome to go sign up for it all
you need to do is um well I'll put a
link below so wherever you're watching
this if you're on YouTube or Facebook or
our website or wherever you can um you
can just go right below or wherever and
get yourself signed up for it and um
yeah that's how you do that okay so
that's the best way to do it it's three
days it's easy it's free you have
nothing to lose and then you get all of
the information that I'm sharing with
you okay you'll understand how these
funds really work uh next if you have
not signed up wherever you're listening
right now if you're on YouTube Facebook
wherever subscribe like follow whatever
you need to do so you can get the rest
of our updates because we'll be sending
more out and of course you always want
to have access to them all right thanks
a lot for watching hope you guys have a
great new year or if it's already in the
new year when you're watching this I
hope you had a great New Year and I hope
you have the greatest 2020 for forever
all right until next time happy trading
we'll talk to you
[Music]
soon
