As we approach the season of giving, Jared Levy, Chief Markets Strategist at Peak American Financial, joined Business First AM to discuss how Americans can both benefit from this year’s impressive performance from markets and give back to their communities.
A Year of Market Triumphs
The U.S. stock market has been exceptionally kind to investors in 2024, delivering gains that have surpassed expectations. The S&P 500 has risen over 27%, the Dow Jones is up 19%, and the NASDAQ boasts a stellar 31% rally. Even Bitcoin has staged a significant comeback.
Levy emphasized the importance of recognizing and securing these gains, urging investors to balance their optimism with caution. “The markets have given so much back to investors, but these periods of abundance often don’t last forever,” Levy warned. “Take some of that risk off the table, lock in profits, and don’t be afraid to pocket some of your earnings.”
A Precision Approach to AI Investing
While discussing potential opportunities for future gains, Levy highlighted the EXT Trackers AI ETF (XAIX) as a targeted investment for those interested in artificial intelligence. Unlike tech-heavy funds like the NASDAQ 100, XAIX provides a more nuanced approach, investing not just in chipmakers like NVIDIA but also in established companies like Bank of America that stand to benefit from AI’s broader adoption.
“This ETF is a great way to invest in AI without the volatility of smaller, unproven names,” Levy explained. “It’s very liquid, has a low expense ratio, and offers exposure to companies likely to flourish because of AI advancements. I can see this ETF delivering 10%, 20%, or even 30% gains over the next year.”
The Spirit of Giving Back
Beyond the markets, Levy also shared his passion for giving back. Each holiday season, Levy and his family distribute lunches to those in need and volunteer for Challenge Air, an organization that provides aviation experiences for children with special needs.
“Seeing the joy on young people’s faces when they experience something as unique as flying is incredibly rewarding,” Levy shared. “Giving back is about creating moments of happiness and hope.”
CLICK HERE to watch Jared Levy on Business First AM covering his trades.
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