From Dr. Steve Sjuggerud, Editor, True Wealth:
Remember when EVERYONE was getting into real estate a decade ago?
How many times did you hear “you can’t go wrong in real estate” back then? House prices were going up faster than I’d ever seen.
And remember what happened next?
Prices crashed… worse than they had in generations.
Today, we’re seeing a similar setup – which could lead to a similar outcome – in another asset class. You must avoid this asset class right now.
Here’s the story…
Investors are desperate for income, or “yield.”
You earn close to zero percent in the bank. And 1.5% on 10-year government bonds. Corporate bonds pay you barely more than 3%.
None of that is enough to live on. So desperate investors are looking elsewhere to find a higher yield… Right now, they’re finding it in emerging market bond exchange-traded funds (ETFs).
“Investors are piling