2024 in Review: Wins, Losses, and Lessons

Ladies and gents, thanks for the overwhelming support for since launching in May of this year. 

As I’ve said many times, I’ve always enjoyed the stock market.

It’s what got me started with investing in 2004. It’s what pushed me to my first job working in the industry as an investor relations consultant in 2007. It’s what drove me to the brokerage side at Union Securities, then Canaccord, and eventually to deals and everything in between.

As I progress with the newsletter and more and more subscribers share their thoughts and feedback, it seems the sweet spot is all related to my love for investing, specifically.

It’s about picking stocks, writing about markets and trends, and just generally sharing anything I find interesting. I don’t charge for this newsletter, and I don’t let companies pay me for promo. It’s just me. (For now?)

Which I also like, as it means I can write when I want and choose not to write when I don’t want to.

Full autonomy.

So, without further ado, thanks for your support; and congrats to anyone who’s made some dough off these "non-investment advice" stock picks I enjoy so much.

So, let’s hit on what I talked about - from commodities to golf to top stocks.

What’s likely most interesting to everyone is what I predicted and how I did.

✅ What did I get right?

❌ What did I get wrong? 

Lets dive in.

✅ In June I predicted (With ) that we’d see at least one more rate cut, which was correct.

✅ I predicted would go over $10 by year end; which was very correct;

❌ In the same interview, I said copper would close the year at over $5 per pound. Unfortunately, it’s now at $4. However, I’m still bullish on copper over the medium and long term.

✅ On June 17th, I wrote about the (Gold Junior’s) and how it was an interesting opportunity, given the current macro and political events shaping up.

In June, it was $42. It peaked in the months following at $52 and has since settled back down to $52.

It’s an interesting gold market indicator to watch - it’s been trending in the right direction. Hopefully, support holds here, as I’m working on a gold project in Namibia!

I actually think we’re heading into a commodities super-cycle that’ll take us beyond 2030, and this is just the start of it. Reminder: we’ve been in a 14-year commodity bear market, and the GDXJ has finally broken out from that - which is why I think there’s more to come.

This is what I call the classic “break test buy” theory, where it breaks out over the upper Bollinger Bands, comes back to test the middle support band (on the day chart), and that’s your buy - right at the test level. If it breaks out again, it’s off to the races.

It’s broken down slightly from that, so I’m not entirely convinced it’s a good place to put funds yet. However, I’ll be watching closely, as it has still broken many bullish trend lines.

On June 20th, I talked about , which has now moved from $27 to $24 and back up to $34. This is one of my more conservative picks, with forecasts around $44 next summer. A decent return I’ll wait for, given Elliott Management’s involvement. Once I see that target price hit, I’d be out.

One of my top picks - on June 27th, I wrote about and mentioned how it looked like an optimal entry point, listing all my reasons. This turned out to be quite accurate, as it moved from $180 to a peak of $480. An incredible return if you could hold through that volatility. Nice work to all who made money there!

In June, and again on July 3rd, I talked about , one of my other favorites. Anyone following me knows this is a top pick.

I covered SOFI from $6.23 and published my first report around $6.50, stating it would head north of $10 by year-end.

It did that by October, and I updated my forecast in October to $16 by mid-2025. It surpassed all my expectations, hitting $17 in Q4, and I’m pleased to report I still like it and still own it - although it’s getting expensive on a multiple level.

In July, I covered , the one that got away.

This was one of my top lithium picks that I never entered. I started following it around $3.30 and watched it drop to the $2.40s before it was acquired by a major for well north of $5.00.

If I had played this right, that would’ve been an easy double. ✅

CAPRI Holdings - the one that went south, big time. With a no-go judge ruling on the merger, this possible 50% win turned into a 50% loss.

As I explained in the article, Capri, the parent company of Michael Kors, Versace, and Jimmy Choo, was at the center of a potential $8.5 billion takeover by Tapestry (owner of Coach and Kate Spade), announced last summer (2023).

If this deal had been approved, Capri’s stock should have moved from its then-current price of around $38 to a target of $57, representing a jump of about 50%.

As I said in the article:

While I never entered the position, I do think it can recover to its pre-deal talk levels of $35. Time will tell, but I believe there’s good value here, especially now at what appear to be oversold levels. Speaking of which, I should do a full write-up and deep dive on this.

Coming back from that one, I covered Tesla again in my "Trump" article here at $290, which was already up nicely from my initial commentary at $180. It’s now at $420 after recent highs of $480—a nice win for all who played.

On December 11th, I did a deep dive into Innoviz at $0.70. It had just moved off its $0.50 lows and performed my favorite “break test buy,” which I briefly explain above.

With strong support building, it looked ripe for a breakout.

So, I quickly pushed out my article to give any willing participants a chance to join me.

A few wrote to me saying they got in at $0.70 and rode it all the way up to $1.90 in the following weeks. Congrats to those who played!

Those were my main picks and ideas—for fun—and TTWO/ . But that’s more of a 2025 story.

Moving on to Danny’s Doubles, it’s time for a year-end recap and update.

Ahhh, this one’s been frustrating.

I owned 70,000 shares of a stock I sold at $0.30, only to watch it go to $5.00. That would’ve been a lot more than a double for me!

However, I’m coasting around the $40,000 level, up from my initial “Danny’s Doubles” starting investment of $25,000, after dropping to $13,000 trying to make money too quickly.

I’ll keep you posted as I pass the $50k mark and announce my 2nd pick (actually my first) for the move from $50k to $100k.

Here’s a quick recap of prices from then (July 1st) and prices as of December 30th, when I wrote this.

Seven of my 40 companies more than doubled. Not bad - I’ll take that!

Unfortunately, I didn’t own them for my campaign, and if I did, it was too late, or too small a position i.e. .

We can’t win ’em all, but we’re getting close.

Overall, the numbers are most definitely in our favor for 2024. I’ll report back, but I really think we’re onto something with this.

The performance of these companies has been quite strong, as well, with only a few outliers like SMCI and CHEGG.

Not a bad model portfolio…

2024 has been a tough year with challenges all over the place, but The Net Worth Club has given me a great outlet to push my investing game even further - while having some fun with it.

Happy New Year to all, thanks for reading, and cheers to a prosperous and healthy 2025. 🥂

Happy hunting!