Finimize - 🤕 Philips has health issues

Hi Reader, here's what you need to know for October 19th in 3:04 minutes.

💰 If you want to really make money as a trader, you’ll need to hold your own during the good, the bad, and the downright ugly. Join InTheMoneyStocks.com’s Nicholas Santiago for How To Trade In Good Times And Bad on Tuesday, and find out how to get going when the going gets tough. Grab your free ticket

Today's big stories

China’s economy grew at its slowest pace in a year last quarter
There’s one precious metal with a lot more profit potential than gold right now – Read Now
Healthcare giant Philips reported worse-than-expected results

All Fail The King

What’s Going On Here?

Data out on Monday showed that China’s economy grew at its slowest pace in a year last quarter, as last year’s teacher’s pet suddenly falls out of favor.

What Does This Mean?

China might’ve outperformed the rest of the world last year, but this year has brought a whole host of challenges for its economy. Energy shortages, for one, have led to surging prices and power rationing, which has pushed factories to cut production and led to a drop in manufacturing activity. The government’s much-discussed crackdown on the real estate market, meanwhile, has really slowed the property sector down – no small thing considering property-related activities make up nearly a third of the Chinese economy.

All that might be why the country’s economy grew just 4.9% last quarter compared to last year – well below the 7.9% of the quarter before. Investment banks, for their part, saw it coming: data out last week showed that 10 of the 13 major banks have been cutting their full-year growth forecasts for China since August.

Why Should I Care?

Zooming in: Don’t expect a helping hand.
Things aren’t all bad: China’s exports grew 28% last month compared to the year before, while consumer spending grew by a better-than-expected 4.4%. The government might be holding out hope that this will be enough to keep its recovery on track for now, which could explain why it isn’t rushing to bring in any financial support programs.

The bigger picture: EMs break with tradition.
China’s fellow emerging markets (EMs) aren’t doing much better: Bank of America is forecasting that the group of them (excluding China) won’t grow as quickly as the US next year – the third year in a row that’s happened (tweet this). This wasn’t the plan: EMs – which have a lot of scope to come on in leaps and bounds using advancements from around the world – traditionally grow faster and offer higher potential returns than more developed markets.

You might also like: How China’s slowdown might affect your investments.

Copy to share story: https://www.finimize.com/wp/news/all-fail-the-king/

🙋 Ask a question

Analyst Take

Silver Miners Have Lost Their Sparkle, And That Might Be A Great Reason To Buy

Stéphane Renevier, Analyst

What’s Going On Here?

Silver miners have taken a trouncing this year.

Investors have been pulling their money from silver ETFs at a record rate, as a potential drop-off in inflation and Fed bond-buying puts them off the “poor man’s gold”.

But it might represent a seriously profitable value play for that very reason.

See, silver miners right now are cheap and profitable, and they’re generating a record amount of cash from their operations.

Demand for the metal is high too, and it should only keep getting higher as the transition to a greener economy accelerates. Supply, meanwhile, isn’t keeping up.

So that’s today’s Insight: why silver’s a good bet going forward, and how you can buy in while miners are looking cheap.

Read or listen to the Insight here

Build your own real estate empire

Investing in property used to be the reserve of the lucky few.

Well, lucky you: Groundfloor helps you gain exposure to the market and its big potential without breaking the bank. All you need to start is a $10 minimum investment.

Here’s how it works: you can build your own portfolio of real estate investments based on your own personal risk/reward profile. Or you can let Groundfloor’s investment wizard help out.

Groundfloor’s investors have reaped returns of 10.5% on average over the past six years, and they’ve arrived fast: the typical repayment takes 6-9 months.

Become a real estate investor today: invest in property with Groundfloor.

Get Started