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How to get ahead in 2023

Hello friends. Insider’s newsletter editor Hallam Bullock here, reporting from London while Phil Rosen is out. Even though ChatGPT wrote a convincing article for Phil last week, AI can’t hope to deliver the best insights for our Opening Bell readers.

So, as the New York Stock Exchange shutters to observe Martin Luther King Jr. Day, I’ve rounded up some of our top markets stories from the past couple of weeks.

We’ve got top tips for stocks (and serving prison time), a path to financial freedom, and what to expect for the rest of 2023.

Buckle up.


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A home with a for sale sign.Data from the US Census Bureau shows not a single home sold in November was under $200,000.

Steve Pfost/ Getty Images

1. Want to build up a property portfolio? This real-estate investor has some advice for you.

At the age of 28, Thomas Harr owns 42 properties, many of which are multifamily homes that have numerous rental units within them. Achieving a portfolio of that size is no easy feat — nor is his goal this year: to grow that portfolio by another 75 to 80 properties. 

Even as the housing market faces a correction, Harr says knowing what to expect in advance allows him to adjust his deals — and the six top tips he shared with Insider could help others prepare. 

If you want to start investing in real estate this year, Harr says don’t be deterred by uncertainty or high-interest rates. From utilizing government-based loans to negotiating potential corrections into an offer, he’s got some advice to get you started. 

Read his top tips here. 


In other news:

Warren Buffett speaks onstageWarren Buffett speaks onstage during Fortune’s Most Powerful Women Summit at the Mandarin Oriental Hotel on October 13, 2015 in Washington, DC.

Paul Morigi/Getty Images

2. US stock futures are down early Monday. Meanwhile, bitcoin topped $21,000 over the weekend and is currently trading just below that level. Here are the latest market moves.

3. On deck today: Saudi Electricity Company Bearer, Almarai Co, and more, all reporting.

4. Goldman Sachs says these 40 stocks have at least 34% upside. US stocks got off to a choppy start in the first week of 2023, however, Goldman Sachs still sees attractive investing opportunities. Check out their 40 high-upside picks.

5. Paul Krugman, Jeremy Siegel, and Cathie Wood weighed in on Tesla. Krugman, the Nobel Prize-winning economist, compared Tesla to bitcoin. He added that he wouldn’t trust Musk to feed his cat. Meanwhile, Siegel thinks the EV maker’s valuation is too high, and Wood suggested one way that Musk will try and tempt customers back. Read more here. 

6. “Pharma Bro” Martin Shkreli offered advice to Sam Bankman-Fried on potential prison time. As Bankman-fried awaits trial after pleading not guilty to eight counts of fraud, Shkreli suggested he should shave his head and start listening to rap music. Here’s the full story.

7. The best of Warren Buffett in 2022. It’s never too late to listen to the 92-year-old investing titan’s advice. Last year, he called out stock-market gamblers, savaged bitcoin, and praised Elon Musk and Jeff Bezos. He also recommended one way for people to offset inflation. Check out Buffett’s top quotes of 2022.

8. There’s a big investing opportunity in 2023. According to a couple with a 47-unit real-estate portfolio worth $19 million, the housing market could offer some significant returns. They broke down the top regions to buy in.

9. A financially independent millennial is predicting a short-lived money making boom. According to Grant Sabatier, 2023 will be the year of the “the creator millionaire” — here’s how he plans to take advantage of it.

10. Feeling inflation? The worst is yet to come for Americans. Last year saw the Federal Reserve hike interest rates seven times, but the real impact still hasn’t hit many Americans. As one expert said: “2023 is going to be the survival of the fittest.” Here’s what you want to know.


Curated by Hallam Bullock in London. Feedback or tips? Email hbullock@insider.com.

Edited by Karen Friar in London. 

 

Read the original article on Business Insider