Larry Fink's Letter to Investors: Energy, National Debt, Plans

Here is a translation of the second part of the “Letter to Investors” written by Larry Fink, the owner of Black Rock and a key figure in the global financial industry.

Unlike the first, purely “pension” part (which you can read here), the second is devoted to more diverse topics: infrastructure projects, public-private partnerships, the US national debt, green energy, and Black Rock’s own plans for the future.

Saving: What You Need to Know

We all have goals that require significant funds (vacation, major repairs, children’s education, starting a business, retirement savings). And, if finances are not enough, we essentially have only two ways to achieve these goals: saving money or borrowing money.

If a person takes out a loan, he overpays to achieve his goals. Whereas when saving money, a person will pay less, since during the accumulation period you can receive passive income. There are also goals that, as a rule, can only be achieved through savings, such as an additional pension.

So, when you choose a way to achieve your savings goals, it is about taking care of your financial situation both today and in the future. In order to have time to save money for certain events, it is worth starting this process as early as possible and, ideally, also have a financial plan with goal setting, strategy and tactics for achieving them.

Larry Fink: A Letter to Investors. Time to Rethink Retirement.

Meet Lawrence “Larry” Douglas Fink, a 71-year-old American businessman and CEO of the multinational corporation BlackRock, the world’s largest asset management company.

He serves on the boards of the Council on Foreign Relations and the World Economic Forum.
In 2018, he was ranked 28th on Forbes’ list of the world’s most powerful people.
In 2022, his fortune was estimated by the same magazine at $1 billion.
And his company manages over $10 trillion in assets.

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