In terrifying markets like we’re experiencing today, the wealthy have always found smart ways to protect and grow their wealth. For example, they invest in luxury apartments in New York or London, or bars of gold.
Elon Musk sure knows how to make money — for himself, and for his investors. For instance, he co-founded PayPal (PYPL), which is now worth nearly $100 billion.
Investment bank Morgan Stanley recently did something very peculiar: It told Google to give away one of its smart speakers to everyone in America — for free. The cost of this giveaway?
My Grandpa Ben told a heck of a good bedtime story. With a Scotch in one hand, and a well-worn book in the other, he’d put on a show as he popped his dentures in and out and acted out all the parts.
Yesterday, Matt filled you in on a certain situation — a situation we believe poses enormous risk to your financial security: Inflation. As he explained, at current inflation levels, not only is your existing cash getting crushed… But over time, your retirement account could lose over 75% of its value.
Hallelujah! With the Fed raising rates, we can finally start earning something on our cash: For example, as of this week, we can earn more than 3% on a 10-year U.S.