It has been said that life can only be understood backwards; but must be lived forwards. Related to that theme once again on this site, welcome to my 2024 predictions!
We’re still very early in our new year and in case you missed it – well, we’re debt free.
So, when it comes to our plans, our lifestyle / debt free plans and a few other musings I’ve put together this short list of predictions that just might happen to us and beyond.
Play along, and I’ll revisit the results later this year.
Happy to learn in a comment what might be showing up in your crystal ball!
Before we get into what 2024 might have in store, I thought I would recap what I personally predicted might happen in 2023 and how close I was (or not!) at figuring out the future…
About 12 months ago, I made a few investing calls for 2023 on Canadian Money Forum.
These were my very bold predictions for the year that was, including where I finished as others played this lil’ game too!
Ha. Was I ever wrong about 2023 on a number of fronts!!
(I did win this contest in 2022 though :))
But herein lies the rub – getting the future right is more luck than any skill.
I’ve seen this with expert predictions and everything else year after year after year!
So, in the name of fun and entertainment here is what I think might happen in 2024.
1. The Ottawa Senators will NOT make the playoffs in 2024.
But this is easy.
My team has not had a great year and the rebuild continues but certainly under new ownership and leadership, I have no doubt things are moving in the right direction. I intend to hit at least one game in a few months, and potentially another before the season ends.
2. The Colorado Avalanche will win The Stanley Cup in 2024.
Championships are usually built from the defense out. Few other teams can match Colorado’s skill and firepower on the backend. The question remains for me – can the superstars on this team remain healthy enough, long enough to get it done this year?
3. Telus (T) will increase their dividend by over 5% total in 2024.
In recent years, Telus’ Board of Directors announced they intend to grow their dividend year after year. I expect nothing less in 2024.
4. Canadian Natural Resources (CNQ) will increase their dividend by over 10% this year.
CNQ should remain flush with cashflow in 2024, some of that should find its way into my pocket as a shareholder.
5. Here are my market predictions for 2024 in Canadian Money Forum:
6. Our reportable, projected annual dividend income will surpass $48,000 per year.
Here is where we left off at the end of December 2023:
7. We will buy a new HEV or PHEV vehicle in 2024.
We’re debt free, for now.
While our existing ICE car is only 13-years-old and we haven’t had a meaningful car payment in 9+ years, we are looking at a hybrid or PHEV to own for the next 10+ years. We intend to pay off this car in cold hard cash sometime in 2024.
We’ll see what we get right, or wrong, including our own finances later this year. 🙂