The third of the six habits of Monday Morning Millionaires is index investing. That is, investing in the entire American economy and not picking individual stocks. Investors do so by buying and exchange-traded fund which tracks the S&P 500 which itself tracks that economy quite well.
The success of that approach is predicated on the continued global economic dominance of America, the American empire, if you will.
The 15th century belonged to Portugal, the 16th to Spain, the 17th to the Dutch, the 18th to France, the 19th to Britain and the 20th to America.
And the 21st? Consider:
- 50 years ago, with 6% of the world’s population, America controlled 50% of the world’s wealth.
- Today, With 8.5% of the world’s population, America controls 30% of the world’s wealth.
Every three years, China pours more cement than America did in all of the 20th century!
- Chinese airports, railroads, highways, bridges make their American equivalents look like they belong to a Third World country. Rosi and I have seen this personally.
China has no democracy and no fear of work. That allows achievement.
Given this unmistakeable trend, what is the best way for us to invest?YOU NEED TO LOGIN TO VIEW THE REST OF THE CONTENT OR LEAVE A COMMENT. Please Login. Not a Member? You can now sign up for $12 for a one-year membership. Join Us