2025 Outlook ReportEmpowering Investor Success大MORNINGSTAR
INTRODUCTION1Table ofContentsWelcome toOur2025OutlookCHAPTER16Our Best InvestingIdeas When,theUSLooksExpensiveCHAPTER210How toBuild a Portfolioto ReachYourGoalsCHAPTER3不FindingReturnsin aFalling Rate EnvironmentCHAPTER4心The Pros andCons ofInvesting inPrivateAssetsCHAPTER5The Impact ofAlon Investingin2025CHAPTER6How toBuild a PortfolioThatLooksAfterYou@2024Moringstar
Welcome to Our2025OutlookAs we look to next vear, it is already clealthat investing conditions in 2025 will be verydifferent from 2024. Inflation has diminishedmany central banks are loosenina the reinson the economy, and formerly unloved assetsthave made a roaring comeback. Yet some things remain the same: There are many attractive opportunities foinvestors, artiicial intelligence contnues to dominate the spending of technoloqycompanies, and nvestors stll tavor cash deposits over longer-term assetsSomeconditionsaretimelesssuchasthe vnlatilitv ofassetnrices theneplfor investors to lift their eves to the horizon instead of focusina on the latestneadline. and the importance ot creatina porttollos tnat meet vourneeas as anInvestor ratner than simbiv cnasina tne nlanest returnsAs in orevious vears this outlookis desianed to help you succeed by bringingtogetherthe researchand insights from analvsts and investors across Morninastalto help you make better investment decislons in the year aheadc2024Morningstar
IntroductionWe've divided the document into six sections, each of which addressesa key challenge or opportunity faced by investors as we enter the new yearOurBest Investing Folowing the sella rise in US stockprices in 2024, many large US companldeas When theUS LooksExpensivereturns We highlight some better alue opportunities for those making newinvestments or wanting to reduce their exposure to the US market.How toBuild a Portfolio Investing is fundamentallya exchange of spending powertoday forto ReachYourGoalsthe attainment of a goal in the future. Building a portfolio to met theseqpals requires a long-term perspective, a commitment to deep researchanda willingnesto think and act independently We hare some thoughtson how to build a successful portfolio that meets these future needsFindingReturnsinaAs many central bankshave started tocut interestrates,cash depositsFalling Rate Environment lok lssattractive. We look at the alternative optionsTheProsandConsofPrvate assts have isen to prominence over the past few years as moreInvesting inPrivateAssetsfast-growing companies are staving in private hands and others are.seeking loans from nontraditional surces. Wehighlight the opportunites,and challenges of investing in these popular assets.TheImpact ofAl onAs artificial intelligence continues to dominate the minds of investorsInvesting in2025the opportunities are shifting. We look at where the best invest ments.resideas weenterthenewvearHow toBuild aPortfolioMany investors, especially those who have ...
