I have no plans to move to China.....yet. I'm trying though. I've grown tired of my latest habitat, and that sure is some beautiful country with a enough history and land to keep my legs hiking, my mind thinking, and oh.....I'm sure there's a few other things I can keep busy there.
I have put a great deal of my finances into China though.....so far it's paying off. I gained 68% on the average last year. I put a rather large sum into a medium-high risk for one year and it turned out 107%. I rolled it right back over again into the same fund.
Here's a secret I'll let my BOTL in on.........China, India, Russia.....in that order. Isle of Man is a good place to think about storing the dividends.
There are now 74 million families in China that can afford, and are buying cars. In a few short years, the market will be bigger than the entire continent of North America......ask GM, they'll tell you why they are building there.
American companies turn an average of 42% on their China operations.
$10 an hour to pay an American worker to make clothing.....68 cents to pay a Chinese worker.
China has 320 million kids under the age of 14.....more than the entire population of the US. Of these kids, there are 7 times more folks in China with broadband internet than in the US. There are also 186 MBA programs available in China.......a third of them from US colleges, over half from England. China has more speakers of fluent English as a second or third language than America has native English speakers. 8 of 10 Chinese kids can speak English.
Sound like a bunch of BS to anyone? Look at those kids I mention in 20 years and see exactly where they might (will) stand in regards to global power. Those are your CEO's, CFO's, and top management of the 1 in 10 US firms that are currently relocating or building in Northern Asia.
Still sound like a bunch of BS? Then explain to me why I'm earning 68-107% on investments there.
Retiring back to the good ole USA at the age of 50 is now not a dream, but rather a definate in my future plans.
The handwriting is on the wall........Now if I can only get relocated before the price of a decent house gets any higher.