That greater good, you could argue, is prosperity for all. China wants their population to be wealthy, happy and obedient.
Uber does equal poverty for drivers. And it keeps them poor. You know what else keeps the poor, poor? Minimum wage laws. What poor people work for is not a wage...not initially, at least.
In 2019, the Fed is going to have to make some tough decisions: hold, cut or hike. My hope is that they don’t screw it up. But even if they do, it won’t be the end of the world.
Central bankers don’t know what higher or lower interest rates will do. They have some idea. The US Federal Reserve, for example, is often confident when they hike or lower interest rates.
Just by avoiding lottery stocks you’ve got a leg up on a majority of investors already. What’s the next lottery stock to steer clear of? I’d argue its Microsoft Corp [NASDAQ:MSFT].
China is quickly racing towards a problem. Manufacturing is a dying industry. Yet China doesn’t seem all that bothered. They want to become the manufacturing power house for higher value goods. So how does this benefit you?
No one is right all the time. And that’s OK. All you’ve got to do is get a few big bets right. If you only buy three or five stocks next year, you’re running a very concentrated portfolio.
How much do you think central bankers make? Most of these people are rich before they ever enter the role. And when they leave, they accumulate even more wealth as a consultant, book deals, etc.
Those with too much debt and investors that bought stocks when prices were extraordinarily high won’t like what comes next. Although you’re lucky. This isn’t a 2008 replay. Here's how you should play it form here...
You may have noticed, especially if you own one, that tech stocks are down again. It’s why Captain Hoff is holding onto more of his US$1.7 billion than usual. Should you do the same?