info@moneyprofessionals.net (850) 433-3386 HOME SERVICES ABOUT RESOURCES CONTACT FREE CONSULTATION October 31, 2021 The big (or continued) events of this past week were focused on Tesla and China. Tesla’s founder, Elon Musk, galloped well into the lead of world’s richest person, now worth almost $300 billion after these stock returns in just the past month: The primary reason for the huge gains was a 100,000 new car order from Hertz, which is somewhat ironic given that Hertz filed for bankruptcy earlier this year themselves. On the other side of the ledger are bonds tied to real estate in China. Buying those securities today could produce a 20% return, which is incredibly high compared to other fixed-rate instruments, but do realize that purchasers of them four months ago have lost almost 15% (also incredibly high compared to other fixed-rate instruments). A higher potential return for a new bond investor today means a loss for an existing bond investor yesterday. Previous Post October 24, 2021 Home Investment Management Financial Planning About Resources Contact Business Continuity Code of Ethics Disclosures Privacy Policy 625 E Romana St Pensacola, FL 32502 (850) 433-3386 info@moneyprofessionals.net This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Copyright © 2021 Money Professionals, LLC. All Rights Reserved. Website by Smarter Web, a division of Digital Boardwalk.