🇨🇳 China lands with a bump

Chinese stock markets are back in the doldrums, Pepsi's a disappointment for investors, and 216 Prime Day deals | [Finimize]( [TOGETHER WITH](#) Hi {NAME}, here's what you need to know for October 9th in 2:48 minutes. - Chinese investors returned from their holiday week and ruined the stock market’s party - What to know if you’re thinking about a DIY target-date fund – [Read Now]( - PepsiCo announced a weaker-than-expected third-quarter update 😎 Discover how to be a leader, not a follower, with our latest [Generation Podcast](. Hear from a seriously influential fintech player, former president and CEO of Wealthfront, Adam Nash, to find out about Silicon Valley, Steve Jobs, and why product leadership is so critical. [Listen here]( All That Glitters… [All That Glitters…] What’s going on here? China's stock market started strong on Tuesday after the Golden Week break, but the post-holiday blues soon set in. What does this mean? Investors initially celebrated a market rush, hoping for [fresh government measures]( to bolster the economy. The CSI 300, one of China’s key stock market indexes, was up 11% early in the day. But that enthusiasm disappeared after Chinese officials insisted that the country’s economic growth target (of “around 5%” this year) is achievable – and didn’t stump up more cash support. That disappointed investors, who – among other things – were looking for fresh cash injections to support the country’s property sector. And they turned their heels on Chinese stocks: the CSI 300 ended “only” up 6%, while stocks in Hong Kong fell 9%. Why should I care? For markets: Investors flew too close to the sun. Some investors were holding out for an extra $500 billion of economic support to be unleashed in China’s Tuesday update. So they were disappointed by just an acceleration of already-planned spending. And that explains the selloff: investors were already looking to the future, figuring out how much that extra money would bolster the Chinese economy and what it’d be worth to stock prices today. And they concluded that without the added cash, those stocks, simply put, aren’t worth as much. The bigger picture: The who’s who of who’s hit. It wasn’t just Chinese and Hong Kong-based stocks that bore the brunt of investors on Tuesday. Shares of mining giants Rio Tinto and BHP and luxury retail behemoths LVMH and Gucci-owner Kering dropped between 4% and 5%. Investors had gotten ahead of themselves, thinking a boosted Chinese economy would mean more demand for industrial metals like iron ore and copper mined by Rio and BHP, and more consumer demand for fancy wares sold by the French fashionistas. You might also like: [How to invest in China](. 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=All That Glitters…&utm_campaign=daily-global-09-10-2024&utm_source=email) TODAY'S INSIGHT How To Build Your Own Target-Date Fund (For Cheap) [How To Build Your Own Target-Date Fund (For Cheap)]( One-stop [“target-date” funds]( appeal to investors who want to own a mix of stocks and bonds that match their investing goals, without buying a ton of different assets. They remove a lot of guesswork for folks who are just getting started and they can work well as a [core holding](, allowing savers to add more daring or personally appealing positions to their mix. But some retail investors, balking at the fees, are steering clear of target-date assets and building their own [versions]( instead. So let’s [check out]( how you might do that and weigh up whether it’s even worth the effort. That’s today’s Insight: [how to build your own target-date fund](. [Read or listen to the Insight here]( * SPONSORED BY REVOLUT Your debit card could make you a chess master, gym go-getter, or meditation maestro Your daily routine gets costly: hit the gym, hustle in a WeWork, order takeout. But it doesn’t have to. With [Revolut’s platinum Ultra card](, you can earn credits and discounts for everything from gym classes to app subscriptions – heck, even Tinder. You’ll get perks worth [thousands in annual benefits](, a RevPoint for every pound spent, global data, lounge access, and savings rates up to 4.75% AER/Gross variable – paid daily – [all for £540 a year](. You’ll have access to over 2,000 US listed stocks, including the likes of Apple and Tesla. And as an Ultra cardholder, you’ll get [10 commission-free trades a month](. Plus, you’ll get Revolut’s lowest fees 0.12% of the order amount (or the applicable minimum fee) – on additional trade after that*. That’s just scraping the surface. See [what else you’ll get for going Ultra](, from 24/7 customer support to limitless international transfers and currency exchanges. [Discover More]( *Other fees may apply. Capital at risk When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Pepsi Goes Flat [Pepsi Goes Flat] What’s going on here? On Tuesday, drinks and snacks magnate PepsiCo announced third-quarter results that left a bad taste in investors’ mouths. What does this mean? Pepsi’s third-quarter revenue was 2% short of analyst forecasts. Partly to blame were the effects of earlier product recalls, which probably put customers off unaffected but related products as well as causing operational disruptions for Pepsi. Zooming into the figures, it’s worth noting that in the quarter and the year overall, Pepsi has been hiking product prices (both thanks to and causing inflation). But it sold fewer products as a result. Those price hikes have done their bit in one respect though: Pepsi’s third-quarter profit was in line with expectations. Why should I care? For you personally: Your preferences are striking back. One reason to keep an eye on what consumer staples companies like Pepsi are doing is to get clues about how much more you’re likely to pay for Pepsi Max or Lay’s in the grocery store. Pepsi’s effectively hiked product prices by around about 4% on average, in US dollars, this year. That means, since your grocery store’s paying more, you’ll pay more too – otherwise it’d earn less. But data shows you aren’t necessarily resting on your laurels: you’re choosing cheaper alternatives from stores’ own brands, which’ll put pressure on the likes of Pepsi to get more competitive on price again. And heck, with wonderdrug Ozempic use reportedly so widespread, you might be turned off snacks and sodas whatever they cost. You might also like: [How to take control of your budget and finances in 2024 (podcast)](. 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=Pepsi Goes Flat&utm_campaign=daily-global-09-10-2024&utm_source=email) QUOTE OF THE DAY "The greatest use of a life is to spend it on something that will outlast it." – William James (an American philosopher and psychologist) [Tweet this]( Turns out you can be the master of all trades, after all Let’s face it, the jack of all trades will get more phone calls than the master of none. Just take [IG’s Hannes Bruwer]( as an example: the options sales trader has dedicated himself to learning as much as possible about the [options market]( at large. So no matter whether you want to find out how to buy or sell options, hedge your portfolio, or try more strangely named approaches like long straddles and married puts, you know who to talk to. So join us for [Game-Changing Strategies For Options Traders]( on October 15th, and hear Hannes detail his favorite tools and strategies, before we open the floor for questions. [Grab your free ticket today](. [Get Your Ticket]( 🤔 Q&A · [RE: Become A Finimize Insider]( "I'm curious about what Finimize is working on next. Any details?" – You "Our analysts are crafting a new form of content focused on deeper research and the team is testing a new app design. If you want free early access and an opportunity to share your feedback directly, [sign up to become a Finimize Insider](." [Finimize] 🙋 [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=I have a question Finimize!&utm_campaign=daily-global-09-10-2024&utm_source=email) 🎯 On Our Radar 1. Big bargain hunt. Here are 216 Amazon [Prime Day deals](. 2. Bitcoin's highs have come with some serious lows. [Find out how to invest in crypto]( without the emotional rollercoaster.* 3. A buzzy business. One writer’s [experience with beekeeping](. 4. Long, short, put, call. Options might sound complicated, but [our guide breaks them down to their bones for beginners](.* 5. Find your flow. [A hobby]( can be great for your health. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Grab your tickets... 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