🛁 Who says you can't invest in a bubble?

Hi Reader, here's what you need to know for September 13th in 3:09 minutes.

🎉 You might feel like you’re too late to start out in crypto, but not on our watch: we asked bitcoin analyst and economist Jason Deane and the Luno team to join us for How to Master the Crypto Ecosystem on Tuesday, so you can find out everything you need to know about the tricky little rascals. Get your free ticket here

Today's big stories

The UK economy’s recovery from the pandemic slowed to a halt in July
There are a few good reasons to invest in the stock market bubble, no matter what the market commentators might say – Read Now
US airlines lowered their earnings forecasts last week because of an uptick in Covid cases

Stress Test

What’s Going On Here?

Data out on Friday showed the UK economy grew just 0.1% in July, and that notoriously stiff upper lip looks like it’s starting to tremble.

What Does This Mean?

July’s growth was one-tenth of what it was the month before, but at least there’s a small caveat: June was the tail-end of a remarkably strong second quarter, which saw the economy grow 5% as Brits threw off their bowler hats and let down their hair. Trouble is, things are very different now to how they were even back then: the government has withdrawn various economic support measures, the disruption-ravaged supply chain is limping along, and consumer spending has dropped off a cliff. And all this before the country enters the deep, dark winter with the Delta variant snooping around…

Why Should I Care?

For markets: Investors want to be quids in.
You’d think the British pound would suddenly have found itself enemy number one on Friday morning, but investors actually pushed the currency higher relative to the US dollar. That might be because the Bank of England has indicated that it’s prepared to bump up interest rates as soon as May next year, which would make sterling much more appealing to anyone overseas. But Goldman Sachs isn’t so sure the central bank will actually follow through with that plan, saying it reckons any rate increase will be delayed till 2023. And if the economy keeps struggling to get out of first gear, the investment bank might just be right.

Zooming out: Real estate takes a break.
It was one thing after another for the UK: the country’s housing market dropped off in August, after the government rescinded the tax incentives it had put in place at the height of the pandemic (tweet this). But – and sorry to all you hopeful homeowners out there – it might just be taking a breather: experts are expecting low borrowing costs, lockdown-driven savings, and a shortage of properties to keep property prices high.

You might also like: How to profit from the UK property market.

Copy to share story: https://www.finimize.com/wp/news/stress-test/

🙋 Ask a question

Analyst Take

Who Says You Shouldn’t Buy Stocks In A Bubble?

What’s Going On Here?

You’re constantly being told how “dangerously high” markets are right now.

And it’s true: it is a risk to buy stocks when they’re in a bubble. But it’s also a risk to keep your hard-earned savings in cash that’s being eroded by inflation.

So you could make the opposite case: that there are some strong reasons to invest in a bubble, as long as you’re smart about how you do it.

Chief among those reasons is that no one knows when a bubble will burst. It could be next month, but it could be years from now – and that’s money down the drain in the meantime.

So that’s today’s Insight: three reasons to invest in a bubble, and three (and a half) strategies to do it the right way.

Read or listen to the Insight here

Bank better with Albert

We bet there’s something about your bank that bothers you: high fees, an outdated app, limited options – you name it.

But with Albert, you’d be hard pressed to find something you don’t like. Here’s why.

Real humans: Albert has a team of geniuses ready to honestly answer your money questions.

No hidden fees: Albert doesn’t charge monthly maintenance fees, late fees, or require a minimum balance.

Killer tech: Albert’s app lets you easily bank, save, and invest all in one place.

Smart AI: Albert’s algorithm analyzes your transactions and automatically sets aside small sums to save.

And that’s only the half of it. Try the bank that’s focused on you: get started with Albert.

Get Started