In October, we visited the Cabo Delgado Province in Mozambique to investigate the rise of ISIS-Mozambique and the devastation caused by their attacks, displacing thousands and disrupting daily life. The insurgency, now weakened but still active, began in Mocimboa da Praia in 2017, fueled by resentment towards the government and fueled by natural resource wealth. Civilians have suffered from both the insurgents’ brutal tactics and the government’s violence, creating a displacement crisis and a sense of mistrust towards both parties.
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March 2025 FIRE Portfolio Update: Trump Crashes the Economy
March 2025 was a disastrous month under Trump's presidency, with tariffs and economic threats causing market crashes, erasing gains from his election. The portfolio owner, who achieved financial independence in 2020-2021 with a $1.3m ETF portfolio, saw a $150k decrease in net worth, primarily holding VTI, VGT, VCR, and some single name stocks. The market saw significant declines with the S&P and Nasdaq entering correction territory, down more than 10% from highs, as Trump's tariffs...
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