7 Popular Strategies for Investing in 2024

The investment landscape has been catching steam as of late, and it shows little signs of slowing down this 2024.

With ups, downs, and in-betweens, there have been a lot of financial movements across different investment channels this year. Moreover, most year-to-date valuations from major public companies like Apple and Alphabet are still well into the positive.

That said, inflation and interest rates continue to remain elevated. This has led many individuals to tighten their spending and put their money into more conservative growth vehicles, like bonds.

A recent, mid-year recession has also caused a global market selloff, causing fear and uncertainty in the market as billions of dollars from the stock market have been liquidated.

Regardless of the recent market correction, for investors in it for the long haul, the volatility of the market is business as usual. Investing is still a solid way to passively grow one’s income, and there are many ways you can do it in 2024.

Let’s explore some of the most popular investment strategies.

1. Real Estate Investing

One popular investing strategy that’s here to stay in 2024 is real estate property investing.

In the vast majority of cases, land value is always set to increase. This is especially true in fast-growing cities and the suburbs surrounding it in developed nations, such as the United States and Australia.

Given this fact, having a piece of land and property can be an excellent way to grow your net worth, hedge against inflation, and/or increase your income potential.

There are many ways investors can transform their property into an income-generating asset—from flipping it to renting it out to tenants for the long term.

Furthermore, you can also choose different types of properties to own and rent out, from commercial property to residential housing.

The one major drawback of real estate investing is that it has a high barrier to entry. Most properties can wipe out millions of dollars in your bank account throughout its lifespan. While you can and should mortgage it out, the total cost and obligation can be a major hit to your cash flow for decades to come—and this includes the interest rate.

In either case, when strategically thought out, you can grow your money substantially with even just a single real estate property. This, in turn, can increase your equity in the process.

2. Government and Corporate Bond Investing

In 2024, bond yields are, on average, valued much higher than they were in the years prior. This makes it an attractive option for investors to grow their capital in a safe but capable investment channel.

Both corporate and government bonds are seen as decent for yielding returns. These bonds are fixed-income securities that pay out dividends until maturity. Unlike other investment channels, the income investors can derive from these bonds is fixed and known about in advance.

As capable as they are, government and corporate bonds lock your principal in for the duration of the agreement. This can last as short as five years or as long as thirty years, depending on the terms of the contract. You will, however, get a fixed annual payout equivalent to the annual yield percentage. This is called a coupon payment.

One strategy that many investors are employing is the bond laddering strategy. This technique entails investing in multiple bonds that mature in different years. The newly expired bond can be reinvested in a bond that matures a year after the current longest-term bond, continuing the cycle.

3. Stock and ETF Investing

While the world is reeling from a market correction as of August 2024, it’s important to take a step back and look at the bigger picture: most stocks and index funds are up relative to their value at the start of the year.

For instance, the S&P index fund, which mirrors the stock value of 500 of the biggest companies in the US stock market, is still up by 9.35% YTD in 2024. Major publicly listed companies across the tech and healthcare industries are also up by 10% to 15%, like

Regardless of the current market state, learning how to read charts and applying sound fundamental and technical strategies when selecting shares of stocks is crucial to improving your portfolio. These are also activities that every investor worth their weight has gone through on their own.

Another cool perk of stock investing is the ability to score on annual dividends. This can help increase your capital a little more (by 2-6%) each year, which can add up if you’ve allocated a significant amount of money in dividend-yielding stocks like TLS ASX.

4. Gold Investing

Yes, you read that right: gold and other commodities are in season this 2024. In fact, gold has increased by over 20% from its year-to-date valuation as of August 2024, and is currently sitting close to its all-time high.

One reason why gold is such an attractive option for investors is that it acts as a tangible store of value. This makes it a great asset to have during times of economic turbulence.

Furthermore, gold is also valuable on a global scale. It’s not only storable in gold bar form but it can also be repurposed into jewellery (in fact, over 49% of gold becomes jewellery) and other valuable objects.

People across different nations understand its scarcity and inherent value, making its market a wide pool of potential investors.

Investing in a Gold IRA has also become a favored choice for those looking to include gold in their retirement savings. Many investors turn to reputable gold IRA companies to ensure a smooth process and reliable management of their precious metals investments.

Gold can even be accessed through gold-based exchange-traded funds (ETF) and mutual funds, with shares representing an ounce of actual, material gold. Incorporating physical gold into your investment portfolio is a stable choice that mitigates market risk. However, not all gold investments are the same; for instance, understanding why gold coins cost more than bars can inform wiser purchasing decisions. This option is considered to be the most sought-after strategy of most investors in 2024.

5. Cryptocurrency

No one would’ve believed that Bitcoin, Ethereum, and other altcoins would be able to bounce back from the 2021-2022 crash, but they did. And they came back formidably strong.

Cryptocurrencies are among the most volatile and risky investments in the market, but with the proper strategies, these investments have the ability to provide high potential returns.

In 2024, there have been new developments in the space that have just added to its mainstream adoption. For instance, Ethereum was added to exchange-traded funds in June 2024, allowing investors to own it without actually owning the native token.

While the recent market crash has lowered the current value of cryptocurrency, there’s no denying that this investment option is here to stay. And with the proper investment and exit strategies, it’s very possible to own a profitable portfolio.

6. Emerging Market Investing

While everyone has their eyes on developed markets and their pertinent companies, a few investors are starting to shift their focus and diversify into companies and ETFs from emerging markets.

South Korea, Taiwan, Vietnam, and Turkey are some countries that have headed the spotlight for emerging markets in 2024. These countries have developing economies that are among the best in their region, or even continent, yet few outside players have fully capitalised on them yet.

These countries have specific industries that are their main money makers.

For instance, South Korea and Taiwan lead with technology and AI. On the other hand, Vietnam leads in trade and manufacturing. Turkey leads in agricultural products, textiles, motor vehicles, and construction equipment.

Of course, there are other nations that deserve worthy consideration in your portfolio, but the ones listed above are some of the common ones that investors are starting to realize and dive deeper into.

7. Diversification

While investing remains popular, it’s important to consider various scenarios, including inheriting shares in Australia. Understanding the tax implications and management of inherited shares can help you optimize your portfolio and make informed investment decisions.

What do you think is the best course of action: investing in one stock or in a dozen different ones?

In most cases, it’s the latter. Putting multiple eggs in your basket is called diversification, and it’s an effective strategy that many investors in 2024 are sticking with for this year and beyond.

Instead of just picking a single stock, investors have chosen to spread to different stocks in different industries. They may also choose to add a healthy mix of low-risk and high-risk options, depending on their risk tolerance, financial goals, and overall strategy.

The reason why diversification is such an appealing option for investors is that it helps provide stability to a portfolio.

In case one sector or one stock dips considerably, the overall portfolio won’t be vastly affected. This can make your investments more predictable and stable over time.

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More Recommended Ebike/Scooters

Check out these other ebikes and scooters I've reviewed:

Urban Arrow Ebike – Last year, I made one of the largest purchases I’ve ever made – I bought a $9,000 electric cargo bike from Urban Arrow. In my Urban Arrow review, I will discuss what it is and why I decided to buy this bike, as well as discuss how impactful a bike like this can be on your journey to financial independence.
Troxus Explorer Step-Thru Ebike – The Troxus Explorer Step-Thru is a fat-tire ebike that I’ve had the pleasure of riding for a while now. It has amazing power, great looks, and awesome range. If you’re looking for a great fat-tire ebike that offers a lot for the price, the Troxus Explorer Step-Thru is definitely one for you to consider. Check out my Troxus Explorer Step-Thru Review.
Hovsco HovBeta Ebike – The HovBeta is a folding ebike with great specs and a lot of interesting features, and importantly, it’s sold at a good price point. I’ve had a blast commuting with it and using it to do deliveries with DoorDash, Uber Eats, and Grubhub. Check out my Hovsco HovBeta Ebike Review.
Vanpowers Manidae Ebike – The Vanpowers Manidae is a fat tire ebike that I’ve been riding as my primary winter commuting bike and have also been using it to do food delivery with apps like DoorDash, Uber Eats, and Grubhub. After clocking in a decent number of miles with this ebike, I wanted to write a post sharing what my experience with the Vanpowers Manidae ebike has been like. Check out my Vanpowers Manidae Review.
Sohamo S3 Step-Thru Folding EBike Review – A Great Value Folding Ebike – The Sohamo S3 Step-Thru Folding Ebike is an entry-level folding ebike that offers a lot of value for the price point. I’ve been riding the Sohamo S3 for a while now, putting the bike through its paces, and I have to say, this bike has exceeded all of my expectations. Check out my Sohamo Review.
KBO Flip Ebike – The KBO Flip is an excellent bike. I’ve had a great time riding it and think it’s a versatile bike that can be used for a lot of purposes and can fit a variety of lifestyles. It’s worked out great for me as a general commuter bike and as a food delivery bike. Check out my KBO Flip Review.
Hiboy P7 Commuter Ebike – The Hiboy P7 is an excellent electric commuter bike that’s offered at an affordable price point. The range and speed of this bike are both very good, so you won’t have any trouble getting anywhere you need to go with it. As a food delivery vehicle, this is also good – with how much range it offers, you’ll be able to work all day on a single charge. Check out my Hiboy P7 Commuter Electric Bike Review.
Himiway Escape Ebike – The Himiway Escape is an interesting bike for anyone looking for a moped-style ebike. If you’re a gig economy worker, the Himiway Escape is particularly interesting and it’s possible to think of it as an investment, especially if you can opt to do deliveries with the Himiway versus using a car. It’s not cheap, but you can definitely make your money back when you compare the mileage you’ll put on your car versus using an ebike. Check out my Himiway Escape Bike Review.
Espin Sport Ebike – The Espin Sport is a good ebike for someone who is looking for an ebike that feels and rides more like a regular bike. There are many ebikes that are really only bikes in name. In reality, they’re basically electric mopeds. The Espin Sport, by contrast, is a bike you could probably ride without the battery and you’d feel like you’re just riding a regular bike. Check out my Espin Sport Review.
Varla Eagle One Scooter – The Varla Eagle One is an excellent scooter that can make sense for a lot of people. It can work as a primary mode of transportation. You can use it to work on gig economy apps like DoorDash, Uber Eats, and Grubhub. And it can also be a recreational vehicle if you’d prefer to use it for that. Check out my Varla Eagle One Review.
Varla Falcon Scooter – The Varla Falcon is an excellent scooter that offers a good amount of power at a lower price point compared to more powerful scooters. It’s not exactly an entry-level scooter, nor is it a high-powered scooter. I think it fits somewhere in-between those two categories – an intermediate scooter if I had to give it a category. Check out my Varla Falcon Review.
Hiboy S2 Scooter – The Hiboy S2 is an excellent entry-level commuter scooter that's perfect for someone looking to save some money in transportation costs and improve their commute. Check out my Hiboy S2 Review.
Hiboy S2R Scooter – The Hiboy S2R is one of the more interesting electric scooters I’ve been able to test out. It’s not a high-powered scooter, but for an everyday transport option, it’s very useful, especially given some of the unique features that it has. Indeed, for the price, the Hiboy S2R might be the best value scooter I’ve used. Check out my Hiboy S2R Review.
Fucare H3 Scooter – The Fucare H3 is a fun scooter and I’ve enjoyed testing it out. For a daily commuter or quick trips or errands, the Fucare H3 is probably the scooter I’ll use. It’s portable and easy to maneuver, so it’s just easier to take on the road when I need it. Check out my Fucare H3 Scooter Review.

More Recommended Investing App Bonuses

For additional investing app bonuses, be sure to check out the ones below:

M1 Finance ($100) – This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account. Check out my M1 Finance Referral Bonus – Step-By-Step Guide.
SoFi Invest ($25) – SoFi Invest is an easy brokerage account bonus that you can earn with just a few minutes of work. Use my SoFi Invest referral link, fund your SoFi Invest brokerage account with just $10 and you’ll get $25 of free stock. I also have a step-by-step guide for the SoFi Invest referral bonus.
Webull (20 free stock shares) – Webull's current promotion gives you 20 free shares valued between $3-$3,000 each if you open an account using my referral link. Here’s a guide I wrote about how to earn your free shares using Webull.
Moomoo (15 free stocks) – Moomoo is a free investing app currently offering 2 different referral bonuses if you open an account using a referral link. Read my Moomoo referral bonus guide for more information.
Robinhood (1 free stock) – Robinhood gives you a free stock valued between $2.50-$225 if you open an account using my referral link.
Public (1 free stock) - Public gives you a free stock valued between $3-$70 if you open an account using my referral link.

More Recommended Bank Account Bonuses

If you’re looking for more easy bank bonuses, check out the below options. These bonuses are all easy to earn and have no fees or minimum balance requirements to worry about.

Upgrade ($200) – Upgrade is a free checking account that’s currently offering a $200 referral bonus if you open an account and complete a direct deposit. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Here’s a post I wrote with more details: Upgrade $200 Referral Bonus – Step By Step Directions.
Ally Bank ($100) – Of all the banks out there, Ally is, without a doubt, my favorite. At the moment, Ally is offering $100 to customers who open an eligible Ally account and meet the requirements. Here are the step-by-step directions to earn your Ally Bank referral bonus.
Fairwinds Credit Union ($175) – Fairwinds Credit Union is offering a referral bonus for users that sign up using a referral link. Fairwinds has no fees or minimum balance, so this is a particularly easy bonus to earn. Since this is a smaller credit union, my gut instinct tells me this offer won’t be around long, so if you’re in a position to meet the bonus requirements, grab this bonus before it’s gone. Here is my step-by-step guide on how to earn your Fairwinds Credit Union bonus.
Chime ($100) - Chime is a free bank account that offers a referral bonus if you use a referral link and complete a direct deposit of $200 or more. In practice, any ACH transfer into this account triggers the bonus. This bonus is easy to earn and posts instantly, so you’ll know if you met the requirements as soon as you move money into the account. I wrote a step-by-step guide on how to earn your Chime referral bonus that I recommend you check out.
US Bank Business ($900) – This is a fairly easy bank bonus to earn, since there are no direct deposit requirements. In addition, you can open the Silver Business Checking account, which comes with no monthly fees. Check out how to earn this big bonus here.
GO2Bank ($50) - GO2Bank is an easy bank bonus that I recommend people take advantage of if they have an easy way of meeting the direct deposit requirement. I like that it’s easy to open the account and that the bonus pays out quickly. Check out my step-by-step guide on how to earn your GO2Bank $50 referral bonus.
Current ($50) – Current is a free fintech bank that’s offering new users a $50 referral bonus after signing up for an account using a referral link. Current is an easy bonus to earn and also gives you access to three savings accounts that pay you 4% interest on up to $2,000. That means you can put away up to $6,000 earning 4% interest. That’s very good and makes Current an account I recommend to everyone. Check out my step-by-step guide on how to earn your Current Bank bonus.
Novo Bank ($40) - Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. In addition to being a good bank bonus, Novo is also a good business checking account. It has no monthly fees or minimum balance requirements and operates a good app and website. Indeed, it’s the business checking account I currently use for this blog. Check out my post on how to easily open a Novo account.
Varo ($25) – Varo is a free fintech banking app similar to Chime or Current. It’s currently offering a $25 bonus to new users that open a new Varo account with a referral link. The bonus for this bank is very easy to meet, all you need to do is spend $20 within 30 days of opening your Varo account. Check out my step-by-step guide to learn how to earn this bonus.

Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.

Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $300 if you complete a direct deposit.
5% Savings Accounts. I'm currently getting 5.24% interest on my savings through a company called Raisin. Opening a Raisin account takes minutes to complete, it's free, and all of your funds are FDIC-insured. I explain how it works, why I'm now using it to store my emergency fund and any other cash savings I have, and why I recommend everyone check it out in this review.
US Bank Business. US Bank is currently offering new business customers a $900 signup bonus after opening a new account and meeting certain requirements.
M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account.
Empower. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.

Feel free to send Kevin a message here.