Also, a look ahead to the 2023 stock market; recession investing; and retirement planning.
Until earlier this year, Sam Bankman-Fried impressed legislators with his suggestions for regulating the digital currency industry while testifying before Congressional committees. He also donated a lot of money to dozens of members of both major U.S. political parties.
Here’s an interactive guide of who received campaign contributions from Bankman-Fried as he shoveled out $40 million during the 2022 election cycle. Managing digital currency risk: Crypto insurance is nearly nonexistent, so you’ll have to rely on some common sense to protect yourself The energy trade is alive and well After soaring during the first half of 2022, the front-month contract price for West Texas Intermediate crude oil CL.1 is now below where it was at the end of 2021. But the two-year chart, above, helps explain why the energy sector of the S&P 500 SPX is still up 52% this year. That said, the sector still trades at the lowest forward price-to-earnings ratio of any S&P 500 industry — 9.2 versus 17.1 for the full index.
Another long-term investing approach: This fund beats the S&P 500 by using just 75 of its components. Here’s how it works.
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