Morning Market Download from Invincible Money

Personal finance + economics + markets

Staying on top of the markets, economics and the global issues that affect your money takes a lot of time and effort. We distill it down to a quick 5 minute read to help you make better money decisions.

EV for the PeopleVolkswagon announced it'll be launching a low priced EV with production starting in 2025 and be released in 2026. The call will be called the ID. 2all (hmm) and will cost $25,600. VW will be spending $193 billion over the next 5 years to secure materials for battery production. They said they're working on a sub 20,000 euro car as well.

Tesla recently had it's Investor Day and many were disappointed it didn't announced it's much awaited low cost EV.

Real EstateHousing starts and building permits unexpectedly increased in February by 9.8% and 13.8%, respectively. This was due to the a drop in mortgage rates and an improvement in homebuilder sentiment.

European Central Bank Raises AgainThe ECB (European Central Bank) rose rates 0.50%, much to the surprise of many. Analysts says this may indicate the ECB has confidence Credit Suisse's problems can be resolved quickly.

What do you think the bank failures and near failures mean for the economy? Email me back and give me your thoughts.

Flight to SafetyDuring the past week investors moved $120 billion into U.S. money market funds as they wanted to sit on the sidelines to see how things shake out.

Crypto - Euler hacked for $197 millionLast Monday crypto lending protocol, Euler, got a message pointing to some tractions that showed they had been hacked. In response, the Euler team sent the hacker and on chain message demanding they return 90% of the funds or they'd be in big trouble.

The hacker then sent $1.6 million through Tornado Cash to hid the origin of the funds and also sent 100 ETH to one of the victims of the hack.

Do Financial Advisors Hate Crypto?A recent survey of financial advisors tells an interesting story that may be contrary to what we read about in the news. Financial advisors are actually bullish long-term on crypto. We break down 6 main points from the report.

Watch it here.

Be a Better Investor

3 Common Investor Mistakes to Avoid1. Investing without understanding the risks involved.2. Trying to time the market by buying and selling based on short-term market movements.3. Failing to rebalance investments regularly to maintain the desired asset allocation.

What section did you like the most in today's newsletter? What would you like to see more of?

Please reply to this email and let me know!

Thanks for reading,

Trajan King