How $10,000 Performed in 2024 Across Notable Investments
In 2024, investors who took risks saw significant returns despite global challenges
Investments, 2024, Bitcoin, Gold, US, Argentina
New York: So, 2024 was quite a ride for investors, right? With wars and political chaos everywhere, you’d think it’d be a disaster. But surprisingly, those who took a chance ended up smiling.
Markets were pretty stable, which helped a lot. Believe it or not, the MSCI global stock gauge only dipped 2% or more on three days all year. By the end, it climbed nearly 16%!
The US really led the charge, especially with tech stocks. The big names like Apple and Amazon saw a whopping 67% jump in their index. It was a wild time, especially with inflation cooling down and the Fed lowering interest rates.
And let’s not forget about Bitcoin! It shot up over 120%, hitting over $100,000, thanks to President Trump’s backing of digital currencies. Gold also had a great year, rising 27%, the best it’s done in 14 years.
Now, if you had put $10,000 into some of these investments, you’d be curious how it turned out, right? Well, Bitcoin would have turned into about $22,046, while Dogecoin would have skyrocketed to $35,345!
Tech stocks were a mixed bag. Nvidia was the star, turning $10,000 into $27,117, while Microsoft didn’t do as well, adding just $1,209.
In Argentina, things were looking up too. The S&P Merval Index was the top performer globally, and a $10,000 investment there would have grown to $21,377. Investors were feeling hopeful about President Milei’s plans to tackle inflation.
Gold and silver also shined bright. A $10,000 investment in gold would have increased to $12,722, while silver would have risen to $12,146. Not too shabby!