Building Wealth

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The End of the “Crypto Winter”? 

Bitcoin is down about 70% from its November highs. And Ethereum has dropped 80% from its peak to its bottom. I’ve said in past posts that I’ve always been skeptical of the long-term prospects of the cryptocurrency market. But some crypto analysts are still optimistic. If you are worried about your cryptos and want a reason to hold on, click here for an argument from Ian King, editor of Strategic Fortunes, that predicts a comeback.

What’s Behind the Stock and Bond Market Sell-Off? 
The stock market, so strong just months ago, seems to be collapsing. Bond markets are down, too, from some of the highest levels ever recorded. How did they get so high in the first place? Bill Bonner provides a short, elegant explanation. Click here.
Investment Potential in China

If you’re worried about the US stock market and are considering foreign markets as a hedge, you will be interested in a recent recommendation by Alex Green, Investment Director of The Oxford Club. He’s talking China.

Here are some of his reasons:

* China is the world’s second-largest economy. It grew at an average annual rate of more than 9% from 1989 to 2022, and may overtake the US as the world’s largest as soon as 2030.

* Nearly 30% of global manufacturing happens in China. Eighteen of the world’s largest companies are headquartered there.

* It has a growing affluent class, with 5.3 million millionaires, the second-most behind the US. Its middle class is estimated at more than 400 million people.

And, says Alex, the Templeton Dragon Fund (NYSE: TDF) is a good way to play it.