Stocks soared in 2024, with the S&P 500 gaining 23%, marking the best two-year returns since 1997 and 1998. This may have thrown off the allocation of your portfolio, as stocks outperformed bonds significantly (U.S. bonds returned only 1%). Financial advisors recommend rebalancing portfolios to maintain the desired asset allocation, especially for long-term investors with a target mix of stocks and bonds.
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Donald Trump’s chief of staff issues major update on Elon Musk’s White House role
Summary Elon Musk, once a prominent presence in the White House as head of the Department of Government Efficiency (DOGE), has reportedly stepped back from his physical role, according to Trump's Chief of Staff, Susie Wiles. While Musk is still involved via phone communication, his absence marks a significant change from his earlier visibility in the administration, including public appearances with Trump. Despite facing substantial financial losses this year, Musk remains the world's richest person,...
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