Why Your Retirement Plan Might Be Looking in the Wrong Direction
The money fueling the world’s future is no longer staying in the traditional financial hubs you might expect. If your savings are tucked away in standard European or British stock funds, you are likely watching your wealth grow at a snail's pace while other regions sprint ahead. The gadgets in your pocket and the artificial intelligence running your workplace are physically shifting the world’s wealth toward Asia, and your portfolio needs to keep up. What’s Going On Taiwan and South Korea have officially overtaken the United Kingdom in global market rankings. In plain English, this means the total price tag of all the public companies in those two Asian nations is now higher than the total value of all the companies listed on the London Stock Exchange. This shift is happening because the global economy is moving away from "old wealth" industries like banking, oil, and mining—which the UK has in abundance—and toward the high-tech hardware required to run artificial int...