The Wealth Newsletter (3 Min)

Hello!

It is great that you are here for the first post from The Wealth Newsletter. You are officially a wealthy person!

The newsletter will be broken into 3 sections:

- Finance/World News
- Stocks
- Self Development

Finance - World News:

Your weekly finance news is about chips. Not chips for eating. SMIC, the biggest chipmaker in the world (based in China) is scaling up like crazy. They have built two semiconductor production lines and are expected to make next-gen phone processors.

They produce chips for Huawei.

The United States is trying to restrict this advanced technology. The United States has even been working with the Netherlands and Japan to keep new tech away from China.

Knowing that the US is trying to stop them from advancing their tech, they are making more chips from what they already have.

One of Huawei’s latest phones had a 7mm processor.

It is crazy.

The source for this week's report is “Financial Times”

Self Development:

In this newsletter, self-development will be growing exponentially. Every week you will have a task and you will have to answer it in the next week. This is your task this week: cut down your meetings. Cut it down.

Well, how can you do this?

1. Determine if you can talk it through in an email
2. Determine if the meeting is worthy of your time

Set a strict deadline with meetings: 10 AM to 2 PM.

Good luck!

Stocks

This week was good for the stock market. The Dow Jones performed well, as well as the S&P 500. However, Nasdaq (no words) 👏👏👏👏.

Do you know the secret to the Nasdaq’s rise this week?

Answer: NVIDIA

NVIDIA has been crazy for the last couple of months.

Why? Because of AI. They are booming.

I promised 3 minutes. I really appreciate you reading this. Let me know your thoughts!

See you next week. Remember your meeting goal.