🇮🇳 India beat China

India's stocks overtook China's in a benchmark index, Swiss watchmakers gave a signal for luxury markets, one of Reddit's biggest mysteries| [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for September 20th in 3:14 minutes.   📅 It's not every day that you get to join industry experts for a masterclass in investing. Just December 3rd and 4th: grab your ticket for our [Modern Investor Summit](, and get up close and personal with "The Oracle of Wall Street” Meredith Whitney, social scientist Dan Ariely, and iCapital CEO Lawrence Calcano. [Grab your free ticket]( Today's big stories - Demand for the most expensive Swiss watches picked up while “cheaper” timepieces fell behind, suggesting that the cost of living is still dividing shoppers - What investors can learn from the last 100 years of stock market winners – [Read Now]( - India’s runaway stock market just propelled the country past China in a major benchmark index Hour Of Need [Hour Of Need] What’s going on here? The value of Swiss watch exports [ticked up]( by nearly 7% in August from a year earlier, despite plenty of buyers ditching life’s little luxuries. What does this mean? Swiss watchmakers are the crème de la crème, so their order books indicate how much folk are willing to spend on nice-to-haves. And August’s uptick might, on the surface, look good for retailers. Thing is, lavish sales of high-end timepieces made up for a decline in demand for cheaper ones, suggesting that it’s only the wealthiest shoppers flashing the plastic. Sales of watches with a wholesale price higher than 3,000 francs (about $3,500) rose 5% by volume and 15% by value, while those of cheaper ones fell 14% by value and 11% by volume. Why should I care? For markets: Budgets aren’t for everyone. China is the second-biggest buyer of luxury watches. But with its economy on ice, the country spent 6% less on Swiss watches this August than last. That’s a common trend right now: plenty of luxury brands have suffered as shoppers in China – usually reliable buyers of fancy garms and gadgets – have tightened their budgets. And yet, the world’s wealthiest shoppers are still frequenting the most exclusive luxury brands. Just look at Ferrari: sales have stuck around, and the carmaker’s share price is hovering near a record high. The bigger picture: The rich get richer. Many countries have seen their populations divided in the last couple of years. The very richest have made bank from high interest rates on well-fed savings accounts and benefited from the near-record highs of global stock markets. Meanwhile, others are holding down two jobs just to pay the bills. But interest rate cuts across Europe and the US could be a tiny leveler: they’ll make it cheaper to borrow money and pay back debt, helping folk afford some of life’s finer things. You might also like: [Most stocks lose money, actually](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hour Of Need&utm_campaign=daily-global-20-09-2024&utm_source=email) Analyst Take The Stocks That Made Returns Of Over Five Million Percent [The Stocks That Made Returns Of Over Five Million Percent]( [Photo of Stéphane Renevier, CFA] Stéphane Renevier, CFA, Analyst Most stocks lose money – that’s an unfortunate truth. But [the few winners]( can make up for the many losers: since 1925, seventeen stocks have made cumulative returns of more than five million percent. In fact, the top one alone would have turned a single dollar into $2.6 million by today. So I’ve run through the list of companies that formed [the elite group]( and summarized [what you can learn from their success](. That’s today’s Insight: [what investors can learn from the last 100 years of stock market winners](. [Read or listen to the Insight here]( SPONSORED BY IG Strike while the free how-to guide’s hot “Strike price” might sound like a scoring technique for an obscure Olympic sport. But actually, it’s the make or break for your options trading strategy – and you’ll want to know exactly what it means and how to use it, along with all the other jargon terms you’ll come across. So [we’ve teamed up with IG]( to put together a series of guides designed to help you hone a killer options trading technique, no matter whether you’re a complete beginner or a well-versed pro. This one [walks you through the basics](, giving you a practical rundown on how options work, explaining key terminology, and what they could do for your existing portfolio. So if you’re ready to get fluent in options contracts, [check out the guide for free here](. [Get The Guide]( The Hare Beat The Tortoise [The Hare Beat The Tortoise] What’s going on here? India [overtook]( China in one of the world’s biggest stock market indexes, after investors backed the furious speed of the Indian economy over China’s more tepid performance. What does this mean? India’s economy is expanding at the fastest pace in the world. That’s made the country’s stocks look irresistible to investors around the globe. And all that attention has given the Indian stock market a push: the country’s Nifty 50 index – which tracks, as the name suggests, the 50 biggest companies in India – has picked up by 17% this year to hit a record high. Meanwhile, the Shanghai Composite is down 8%. So now, India accounts for 2.3% of the MSCI All-Country World Index, which tracks stocks from both emerging and developed markets. That trumps China’s 2% and makes India the sixth-biggest player in an index dominated by US stocks. Why should I care? For markets: The public eye. Indian companies are taking advantage of the stock market’s buzz, with companies like Ola Electric and Bajaj Housing Finance making their public market debuts. They’re leading a serious pack: Indian companies accounted for a quarter of the world’s total number of initial public offerings (IPOs) in the first half of this year. What’s more, the country has raised over $12 billion via IPOs this year so far – more than double the figure from the same time last year. And with over 5,450 listed companies, India now boasts the most in the world. The bigger picture: All that glitters ain’t gold. Established Indian stocks are now so expensive that investors are hunting for comparatively cheaper opportunities. And recently, fresh public listings have fit that brief, so folk are piling in. Case in point: this year, newly public Indian companies have seen their stocks pick up by an average of 30% on day one of trading. But there’s reason to be cautious: a recent study showed that most retail investors went on to cash out within a week. You might also like: [How to buy India’s red-hot stocks on the cheap.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Hare Beat The Tortoise&utm_campaign=daily-global-20-09-2024&utm_source=email) 💬 Quote of the day "Sooner or later, those who win are those who think they can." – Paul Tournier (a Swiss physician and author) [Tweet this]( 🤝 Tom and Jerry, Woody and Buzz Lightyear, Butch Cassidy and the Sundance Kid. You're a stellar fintech brand looking to get your name out there, and we're a newsletter with [hundreds of thousands of brainy, switched-on readers](. Let's become the next picture-perfect duo: [Talk to the team](. [Get Your Name Out There]( 🎯 On Our Radar 1. One of Reddit’s biggest mysteries has been solved. Meet “[Celebrity Number Six](”. 2. Long, short, put, call. Options might sound complicated, but [our guide breaks them down to their bones for beginners](.* 3. Boundaries exist for a reason. Here’s what happens when your [family oversteps the line](. 4. To utopia, and beyond. A fresh investing style could [build a better future]( for you and the planet.* 5. Adults need imagination, too. One writer argues that [playing with dolls]( isn’t just for kids. 🌍 Finimize Live 🤩 Grab your tickets... ♟️ [Game-Changing Strategies For Options Traders](: 5pm, October 15th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: midjourney | midjourney Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](