In 2023, millions of people had their eyes and ears on the economy. In particular, investors closely followed the economic development from time to time, both in the world and in the domestic market. Many of those who were able to invest profited in 2023.
WHAT GAINED THE MOST IN 2023?
Experts say that records will be broken in 2023, with the car market in first place. After sales of cars exceeding 1 million units, they were the second record investment vehicle in real estate sales. While sales rose in both housing and vehicles, records for sales and returns were broken for stocks and gold.
IT WAS A “GOLD” GOLDEN YEAR
Considering its returns, the shining star of 2023 is golden. Gold has not succumbed to inflation and has become the most profitable investment instrument. While at the beginning of the year the price per gram of gold hovered just above 1,000 lira, by the end of the year it reached 2,000 lira. “It provided a significant return for both geopolitical risks and Fed rate hikes. It has earned its investors more than inflation.
SECOND HIGHEST MANUFACTURER: AUTOMOBILE
The automobile ranks second on the list of top earners in 2023. It has added nearly 70 percent to the market value of vehicles. In the past year, the automotive market has turned into an investment tool.
Experts say that real estate is in third place among the most profitable investments, while the dollar is in fourth place. The dollar, which remained below inflation, strengthened by 55 percent in 2023. Experts say that the dollar will make its investors lose in retrospect, and the tool that will make the dollar, gold, real estate and cars more profitable in 2023 is the stock market.
WHAT WILL BE THE POPULAR INVESTMENT TOOL OF 2024?
According to experts, gold will continue to add value in 2024. While an increase in value is expected, especially for stocks, gold, the “safe haven” in investments, is at the top of the list for 2024. According to MTP, the exchange rate of the dollar is expected to be 34 TL in 2024 and 43 TL in 2025.
2024 WILL BE THE ERA OF SAVINGS
The main warning of experts for 2024 was in terms of savings. According to experts, 2024 will be an era of savings. Experts who recommend savings, even if small, advise small investors to open a stock account and evaluate their savings.