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#620 - Ray Dalio - How To Prepare For The Changing World Order
Modern Wisdom
How to Save for the Future
Sally Kohn: In saving, I think of savings in tiers. The first tier is to secure your well-being and then after you have that taken care of, then you can go to the next level - take more risk. She says there are basically two big influences on markets, the growth rate and the inflation rate. So she wants a portfolio that will be 25% of her risk in each one of those so that she doesn't have any bias.
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