An out-of-this-world experience is the new, billionaire must-have. This week Jeff Bezos, the Amazon chief, took a trip aboard New Shepard, a rocket built by his Blue Origin business. Sir Richard Branson was a passenger on a Virgin Galactic flight, while Elon Musk aims to orbit earth in one of his SpaceX capsules.
These missions are regarded by many as expensive joyriding.
But, as wise investors realise, billionaires tend to have an ulterior motive even when fulfilling a childhood dream.
Bezos, Branson and Musk are carrying out personal research into the 21st century space race – whose participants could be making $1 trillion in sales by 2040, or so Morgan Stanley forecasts.
These stocks in the portfolio could help YOU win the space race
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Investegate |Ashoka India Equity Announcements | Ashoka India Equity: Holding(s) in Company
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Natural capital accounting, which takes stock of natural assets such as forests, soils and oceans, is gaining traction. Here’s what our chief executive and specialists have to say on its rise. By Vicki Owens, Irene Lauro, Economist and Kate Rogers, Head of Sustainability Policy, Wealth
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The death of inflation has been greatly exaggerated. Its return will first scare, then maim, then ruin the traditional balanced portfolios have that served investors well for a generation. Investors need to prepare for a world of greater inflation volatility. And with it a monumental risk – bonds and equities falling in tandem.