Members of the Naperville Area Chamber of Commerce recently received a lesson on investments from CNBC commentator, founder of Veracruz, and author Steve Cortes.
At the latest chamber luncheon Cortes spoke about three of his six contrarian investment strategies from his new book, Against The Herd.
He advises to invest in bonds as opposed to stocks and that investing in China is a huge risk. He also rejected the idea that America is in a severe economic decline.
“We’re the only industrial country in the world that has a growing population,” said Cortes. “We have a very high birth rate for an industrial country and then you throw in a whole lot of immigration and America is going to be growing demographically far into the future and particularly growing with young workers.”
Cortes added that his strategies are based on a very long-term economic outlook and America may suffer from too much investment in China before things turn around.
WANT MORE LOCAL NEWS?
Get daily news headlines delivered to your inbox!Sign Up Today!