EGRNF - China Sell-Off: Where to Invest $1000 Right Now
September is historically a weak month for the stock markets, but the flash Sept. 20 sell-off wasn't a product of general investor fear. It was a China sell-off, as concerns about a looming financial crisis in China sent panic waves across the investing community and triggered a massive sell-off in Chinese stocks in particular.
One of China's leading property developers China Evergrande Group (OTC: EGRNF) is on the verge of defaulting on debt worth $300 billion. It is reminiscent of the Lehman Brothers financial crisis of 2008, and investors fear Evergrande's potential collapse could have a domino effect and slow down China's growth.
Yes, the risks are real, but only if you trade and speculate. For a long-term investor, a market sell-off is the perfect opportunity to buy Chinese stocks, especially if you believe China's economy will expand in the years to come. So if you have $1,000 in cash, here are some stocks you'd want to buy during a China sell-off.
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China Sell-Off: Where to Invest $1,000 Right Now