Finimize - 💀 Evergrande stares doom in the eye

Big Tech wants to buy everything | China wants to break everything |

Hi Reader, here's what you need to know for September 21st in 3:12 minutes.

🤨 That’s some nice bitcoin you have there, sure would be a shame if something happened to it. Seriously, it would be: you should really join Casa CEO Nick Neuman for How To Keep Your Bitcoin Safe on Tuesday, so mafia-style threats won’t give you a second thought. Grab your free ticket

Today's big stories

  1. Big Tech has been buying up smaller rivals at a record pace this year
  2. NFTs could completely transform the way the internet operates, so you'll want to know where the best opportunities lie – Read Now
  3. China’s troubled property market is getting investors all kinds of nervous

Bigger Tech

Bigger Tech

What’s Going On Here?

Data out over the weekend showed that Big Tech’s been buying up startups at a record pace this year, as the sector tries to fill an insatiable appetite for world domination.

What Does This Mean?

Big Tech’s had a strong year, with digital life booming as everyone and their dog embraced home-working and online shopping during the height of the pandemic. But that demand has left them scrambling to improve their offerings, and they’ve gone about doing it the only way they know how: by buying big. They’ve spent over $264 billion on companies worth under $1 billion since the start of this year – already double the previous record set during the dotcom boom back in 2000.

Why Should I Care?

The bigger picture: A deal isn’t a deal.
The US government is wary of all this dealmaking, mind you: it suspects Big Tech is buying out smaller rivals to eliminate its future competition – a move that would limit the public’s choices and could, ultimately, force them to pay more. The government doesn’t sign off on a deal when the company does, either: it’s still looking carefully at Facebook’s years-old acquisitions of WhatsApp and Instagram, and it could still decide to unwind them if it thinks that’s in everyone’s best interests…

For you personally: Growth is the way to go.
The value of any stock is the value of its future earnings discounted back to today, but those future earnings are worth less when interest rates rise. And since growth stocks – including those of Big Tech – are all about the promise of future earnings, rising interest rates are a big worry for the sector’s investors. Right now, though, interest rates are at rock bottom, and they’re likely to stay that way for the foreseeable future. That might be why Goldman Sachs reckons growth stocks – especially Tesla, Uber, and Netflix – are the perfect place to put your cash right now.

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Analyst Take

Why NFTs Are More Than Just Nyan Cats And CryptoPunks

Why NFTs Are More Than Just Nyan Cats And CryptoPunks

What’s Going On Here?

Everyone’s heard of NFTs by now – unique digital assets people are paying hundreds of thousands for.

But here’s the thing: Andrew Steinwold – early investor in NFT marketplace OpenSea and founder of NFT-focused asset manager Sfirmion – thinks they’re much more than that.

Andrew reckons these digital artifacts are just a first step in a truly user-owned internet.

See, almost everywhere you go online right now, you are the product. But NFTs flip that paradigm so you get rewarded for the value you add to platforms.

And Andrew thinks we’ve barely scratched the surface of what that internet will look like.

So that’s today’s interview: why NFTs are much more than Nyan Cats and CryptoPunks, and how you can go about finding the value in them.

Listen to the interview here

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Fixer-Upper

Fixer-Upper

What’s Going On Here?

China’s latest crackdown – on its real estate industry – had investors worried on Monday, as every sector looks increasingly like a nail under its relentless regulatory hammering.

What Does This Mean?

China’s government has been putting all sorts of regulations in place to make it easier for homebuyers to get on the property ladder, as well as to reduce the amount of debt in the sector. But that’s put more than a few developers on the back foot – not least real estate giant Evergrande, whose $300 billion-plus in debt makes it the most indebted property company in the world. Evergrande warned just last month that these new rules could drive it to bankruptcy, and, true to form, it’s been struggling to come up with the cash to cover this week’s installment. Investors, uh, aren’t optimistic about its chances: they’ve sent the company’s shares down more than 47% in the last month (tweet this).

Why Should I Care?

For markets: It’s one thing after another.
It wasn’t long before investors were getting nervous that China’s clampdown would spill over into Hong Kong, which might be why a key index tracking the region’s property stocks dropped 7% on Monday. And once the dominoes started falling, they didn’t stop: Ping An – China’s biggest insurer with significant exposure to the country’s property market – saw its shares collapse more than 8% on Monday, while the prices of construction metals like copper and aluminum pulled back too.

The bigger picture: China’s Catch-22.
Property-related activities are estimated to make up 29% of the Chinese economy, so a catastrophic default of developers like Evergrande would be no small thing for the country itself. The question, then, is whether China is so adamant about getting debt levels down that it would rather take the hit to its own growth than bail those giants out. We don’t know the answer yet, but we might soon enough…

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💬 Quote of the day

“You’re fine, this is fine, keep going.”

– Courtney Dauwalter (an American ultramarathon runner)
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🌎 Finimize Live

💍 I do… love NFTs

Hear about the couple that got married with matching NFTs instead of wedding rings? Well, we can’t tell you what the future holds for them, but join Smile Group’s Billy Naveed on Wednesday for The Unstoppable Ascent of NFTs, and you’ll know if their rings are going to last. See you at the alter – sorry, Zoom call.

🚗 How To Profit From The EV Boom: 5pm UK time, September 20th
🔒 Navigating The World Of Bitcoin Security: 6pm UK time, September 21st
🚀 Should You Jump On The NFT Bandwagon?: 1pm UK time, September 22nd
📱 How To Be A Diligent Tech Investor: 4pm UK time, September 22nd
♻️ How To Turn Your Portfolio Green : 6pm UK time, September 23rd
🛢 How To Build A Commodities Portfolio: 6pm UK Time, September 27th
🤠 How To Win Big With Fractional Shares: 5pm UK time, September 28th
💰 Does It Make Sense To Own Bonds In 2021?: 3pm UK time, September 29th
🤖 The Pros And Cons Of Algorithmic Trading: 6pm UK time, September 29th

🎯On Our Radar

  1. “Wellness” has become a commodity. But one podcast is changing that.
  2. The science of being nice. How politeness differs from compassion.
  3. XOXO. What Gossip Girl says about America.
  4. Human fat was once in high demand. Fatty deposits of the damned, anybody?
  5. The helmet of the future. This necklace prevents brain injury.
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