US Sovereign Wealth Fund Insider Shares Top Picks for 2024!

Buy these stocks before the US creates a sovereign wealth fund. Both President Biden and Trump actually agree, the US needs a sovereign wealth fund and these are the stocks that will get boosted when they buy. ✅ Stay Informed! Get the Wall Street Breakfast newsletter Free https://mystockmarketbasics.com/WallStreetBreakfast ✅ See the Best Analysis with Must Reads - Free Link https://mystockmarketbasics.com/MustReadsNews If you liked this video, these are perfect for you! » The 10 Stocks I'm Buying for 10X Returns https://youtu.be/lZ4ApZ_xXqw » One of These 10 Penny Stocks Will Make You Rich https://youtu.be/9WUOtmqIPBo » Get Paid EVERY Week with this Dividend Fund https://youtu.be/zXVEAhociro It's nothing short of a miracle that the two sides can agree on anything but Joe Biden and Donald Trump agree on this one thing, that the US should create a sovereign wealth fund. A sovereign wealth fund is like a pension fund but set up by the government for the benefit of all its citizens. These are usually resource-dependent countries like Saudi Arabia that gets most of its government revenue from oil sales, so the wealth fund is there as a backstop for when those resources begin to deplete or when prices are low. Wealth funds can also be used to counter economic and policy downturns, so paying out a benefit during a recession, or to reduce volatility in government revenues from year to year. More than 50 countries have wealth funds from China’s largest CIC at $2.75 trillion with five funds in the trillions of dollars. In fact, 11 US states already have what they call permanent funds from Alaska’s $80 billion fund that pays out $1600 a year to residents, to the $52 billion Texas Permanent School fund that has distributed more than $4.3 billion to schools in the state. So it’s not out of the question that the US would set up a national wealth fund and it can be a good economic tool, but is it even possible? These are usually set up with resource revenues and government budget surpluses, which the US hasn’t had a budget surplus, that tax revenue minus spending, in decades and is forecasting a $2 trillion deficit for this year. In fact, the US setting up a wealth fund is a little like the question, should you invest or pay off debt first. So we don’t exactly know where the money would come from for this but that’s never stopped Americans before. Trump has said he wants to fund his wealth fund through tariffs on imports, the problem his team has already earmarked projected tariff revenue to cut taxes. The Biden administration hasn’t released a funding plan though it would likely include asking Congress to appropriate starter funding. I'll reveal the stocks to watch before the US sovereign wealth fund is created and which stocks to buy. My Investing Recommendations 📈 🤑 Save $150 Off the Ultimate Options Course and Get the Options Calculator and Strategy Finder Free https://mystockmarketbasics.com/optionsave150 ✅ FREE Report! See the top five stocks in my portfolio, the five stocks I'm buying for the next 30 years! https://mystockmarketbasics.com/motleyfool 🤑 Join me on the Blossom app and see all the stocks in my portfolio! https://mystockmarketbasics.com/blossomsocial ✅ See why I transferred all my non-stock real estate investments to Arrived. Dividends up to 8% and double-digit returns on rental properties. Get started today! https://mystockmarketbasics.com/InvestArrived Quick-Start Guides! FREE Step-by-Step Guides to Get Started Fast! ⏩ Make an Investing Plan Right for YOU! 5-Minutes to a Personal Investing Plan https://mystockmarketbasics.com/quick-start-plan ⏩ Easy, Step-by-Step to Analyzing Stocks! 5-Minute Guide to Picking the Best Stocks! https://mystockmarketbasics.com/quick-start-stocks Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. Disclosures: All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission. This video was sponsored by Seeking Alpha but that in no way changed the content or my views on stocks.