Three investments to avoid as China crash lands

With the Shanghai Composite Index down by almost 70% since 2007, it's clear China is not heading for a 'soft landing'. John Stepek explains what to avoid and what to buy as China's economy crashes.

The key to making money in investment is to buy assets when they are cheaper than they should be, then sell them when they are more expensive than they should be.

In other words, even the dodgiest-looking market may have its price, if it falls far enough. We've been promoting the virtues of beaten-down European markets for the last few months, for example.

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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.