Two stocks for adventurous investors

If you're looking to put your money into a country that really understands fiscal responsibility, head for Chile. John Stepek explains why, and tips two stocks that should appeal to the adventurous investor.

What an awful Budget that was.

Chancellor Alistair Darling's pie-in-the-sky forecasts for a resurgent economy in 2011 are believed by virtually no one. A downgrade to Britain's AAA-credit rating is now increasingly possible. Scores of wealthy people are checking out their emigration options, held back only by the hope that the 50% tax rate will be reversed by a new government come next year's general election.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.