VRA Investment Letter: 50.26% Gains for VRA Portfolio in 2023. Key Investing Notes for 2024. Latest From Rich Ross. Buy the Dip in the Miners.
/Good Thursday morning. 2023 marked 17/20 years that the VRA has outperformed the markets. The VRA Portfolio finished the year with gains of 50.26%, beating each US equity index (S&P 500, Dow Jones, Nasdaq, Russell 2000) with the Nasdaq as our closest competitor (+43.7%). Our comp each year is the Russell 2000 (similar risk profiles), which finished 2023 with gains of 15.1%.
Our top performers included:
1) NAIL (3 x Housing ETF) with gains of 262%
2) SOXL (3 x Semi ETF) with gains of 225%
3) Palantir (PLTR) with gains of 167%
4) Galaxy Digital (BRPHF) with gains of 174%
5) Multiple VRA positions with gains in the 40-50% range (TESLA, URA, XTRAF, Bitcoin)
VRA Bottom Line: it remains our (strong) view that we are in the Roaring 2020’s, powered by our “5 Big Bribe Megatrends”. This bull market will ultimately rival the 1995-2000 dot-com melt-up. As Tyler covered in his podcast yesterday, we are coming off of extreme overbought readings on the VRA Investing System, with (some) investor sentiment surveys hitting extreme greed levels (Fear & Greed Index, AAII). Some weakness should not surprise, however we expect it to be short-lived.
Key Investing Notes for 2024
- Our 3 VRA Inflection Points (from July 2023 on) will continue to drive stocks higher; disinflation, lower rates and lower USD.
- As we did throughout 2023, we will be buying dips. We will continue to shine a spotlight on the strongest opportunities (from a market timing point of view).
- We look for semis/tech to continue to lead the markets higher in 2023 and look to re-add housing (NAIL) back to the VRA Portfolio. Housing will continue to lead the consumer-based economy higher, in 2024 and years to come.
- We also expect small caps and precious metals/miners to have a stellar 2024. Our forecast remains for gains in the 40% range for small caps and possibly double that in the miners, as we look for gold to hit $2400 with upside to $3000+.
- We look for our VRA 10-baggers to have extraordinary years. You can sign up for our 14-day free trial to find them at VRAletter.com
Major Driver of Higher Stock Prices in 2024; record fund flows into US equities.
December 2023 marked the highest inflows into ETF’s on record, with $135 billion coming into stocks. The public is “beginning” to fall back in love with stocks.
The Latest From Rich Ross
Ross is the technical savant at Evercore. Ross had a red-hot hand in 2023 and remains highly bullish for 2024.
Of note, Ross also loves semis/tech, along with bitcoin and gold
We Are Buying this Dip in the Miners
GDX ( Miner ETF) is in the process of putting in an ascending bullish channel. GDX recently had a golden cross (50/100 dma) and within the next several days will have another (50/200 dma).
We look for counter-trend rallies in rates and USD to soon fail and for precious metals/miners to find support near current levels.
Until next time, thanks again for reading…
Kip
Join us for two free weeks at VRAletter.com
Sign up to join us for our daily VRA Investing System podcast
