The market is unstable. Your portfolio doesn’t need to be.
(Bloomberg) -- Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian firms in the days around Moscow’s invasion of Ukraine.Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Ukraine Latest: First UN Wheat Cargo Sets Sail for EthiopiaEvery Wall Street Trend Goes Haywire as Stock Bears Are CrushedUS Lawmakers Visit Taiwan After Pelosi Trip Draws China’s IreExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksPrince Alwal
Michael Burry, who bet on the collapse of subprime mortgages ahead of the 2008 financial crisis, is worried about the economy.
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what the “real” inflation rate is—more on that below). Meanwhile, your ability to earn a guaranteed rate of return on risk-free investments, regardless of what happens to inflation, actually went up.
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