Not much change from last year, but interesting to note that around 2/3 of you are staying home for Thanksgiving, which is lower than the national average of around 15%.

A golden moment for private credit 🤝

The most interesting thing about the private credit market is what’s happening today.

The market is opening up to ordinary retail investors for the first time ever. It's a golden moment.

Percent is the only platform exclusively dedicated to private credit. They provide accredited investors access to a wide variety of high-yield, short-duration offerings (9-month average).

These shorter-term investments are more responsive to current market conditions and interest rates. This means you can regularly calibrate your investments to meet your needs.

• Get as much as 20% APY and more (That’s high)

• Investment minimums as low as $500 (That’s low)

• Swaggy readers can earn up to a $500 bonus with their first investment (Neat)

PS - Check out this guide to investing in private credit: ​How to analyze risk & reward in alternative lending​. This is smart, in-depth stuff. Check it out.

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📊 Income

• German Bund yields have the potential to fall in 2024 as interest-rate cuts will intensify in the second half of next year.

• Where to park your cash in a high-interest rate environment.

If you want to invest in US stocks from companies that pay high dividends but don’t want to do the research yourself, check out Public’s High-Income Dividend-Paying plan. It follows the top 20 holdings by weight from the iShares Core High Dividend ETF (HDV).

📊 Crypto

• Changpeng “CZ” Zhao, CEO of Binance, resigned from the world’s largest crypto exchange and pleaded guilty to several criminal charges from the Department of Justice.

• Binance was also fined $4 billion for breaking several anti-money laundering laws.

• Richard Teng has taken over for CZ. But who is he?

• Both BTC and ETH were off around 5% on the news before rebounding early Wednesday.

🌍 Global Perspectives

🇨🇳 A rare bull case for China’s economy.

🇿🇦 South African inflation has hit a five-month high, touching 5.9% in October.

🇬🇧 Britain’s conservative government will likely reduce taxes next year ahead of a difficult election.

🇸🇬 Singapore’s economy grew 1.1% in the third quarter of 2023, topping estimates. Analysts expect 1% to 3% growth in 2024.

🇳🇱 Holland elects a new president today, and the race is wide open.

💎 Wealth Watch

• The median age of first-time homebuyers is now 35 — up from 29 in 1981.

• In Q3, 2.3% of workers took hardship withdrawals from retirement accounts, up from 1.8% in Q3 2022. The top two reasons behind this uptick were avoiding foreclosure/eviction and medical expenses.

• Most Gen X’ers aren’t saving enough for retirement.

• The downsides of diversification.

🗳️ Outside the Box

• 20 STEM Christmas gift ideas for little learners.

• Can bamboo be big in construction?

• Wild Canadian pigs are invading northern US states.

• The Cambridge Dictionary named 'hallucinate' its word of the year.

• The cost of Thanksgiving dinner is down slightly from last year.

• Space travel could increase the risk of erectile dysfunction in male astronauts.

📈 Trends you need to know

Brought to you by our friends at Glimpse, my favorite way to spot trends.

Disney’s ESPN finally got into online sports betting, which is forecast to increase to nearly $24 billion in the US by 2026.

That’s all for today. Did we miss anything? Smash the reply button to let us know.

Cheers,

Wyatt

Notes

Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur.