If you invest 10K a year and your money grows at an average rate of 8% (the average return of a global diversified basket of stocks), you’ll reach 100K in about eight years. After that, the pace speeds up. The next 100K takes around FIVE years, then THREE, then TWO. Your money starts doing more of the work for you. Stay consistent. The first 100K is the toughest part. Once you get there, momentum and compounding begin to carry you forward. Your main task becomes staying committed. This journey isn’t just about reaching a number. It’s about learning to pay yourself first, building habits that give you stability, and proving to yourself that you can create your own sense of security. What is one small step you can take this week to move closer to that first 100K?

ENGLISH Today I want to share another question to test your financial literacy — and it’s not a joke! 😀 This one comes from one of my favorite financial writers, Matt Levine, author of Bloomberg’s brilliant Money Stuff column. Here it is: 1. What should you do if someone offers you a 20% return with virtually no risk? A. Take it quickly before you miss out – it’s so attractive, it’ll be gone in no time B. Do it, but only after digging into details to verify it’s as advertised C. Assume it’s fraud or extremely risky despite the claims, and turn it down Take a moment to think about it. You can share your answer in the comments or reply to the email you’ll receive. If it feels tricky, don’t worry — you’re not alone. It was found that a surprising number of people struggle with this question. Often it seems those who find it the most challenging tend to be those who do best on the “Big Five” test. I will post the correct answer next week :) Until then, have a great weekend. Yours truly, Elisabetta ITALIANO Oggi voglio condividere con voi un’altra domanda per mettere alla prova la vostra cultura finanziaria — e no, non è uno scherzo! 😀 Questa viene da uno dei miei giornalisti finanziari preferiti, Matt Levine, autore della brillante rubrica Money Stuff su Bloomberg. Eccola: Cosa dovresti fare se qualcuno ti offre un rendimento del 20% con praticamente nessun rischio? A. Accettare subito, prima che l’occasione sparisca — è così allettante che non durerà a lungo. B. Accettare, ma solo dopo aver verificato nei dettagli che sia davvero come promesso. C. Supporre che si tratti di una frode o di un investimento molto rischioso, nonostante le apparenze, e rifiutare. Prenditi un momento per pensarci.Puoi condividere la tua risposta nei commenti o rispondere all’email che riceverai. Se ti sembra una domanda difficile, non preoccuparti!Le ricerche mostrano che molte persone trovano questa domanda impegnativa. Curiosamente, spesso proprio chi la trova più difficile ottiene i risultati migliori nel test delle “Big Five” competenze finanziarie.

The S&P 500 (an index of 500 American stocks) closed 1.12% down yesterday at 6,720, and it is returning +14.26% year to date (YTD).The ACWI (All Country World Index, an index of over 3,000 global stocks) closed 0.16% down yesterday at 990, and it is returning +17.72% YTD.Gold is slightly below $4,000/ounce at $3,995, and it is returning +52.27% YTD. 🗞️ Relevant Market News 💻 U.S. markets continued their correction trend, dragged by weakness in the tech sector. The Nasdaq fell 1.9%. ₿ Bitcoin (BTC) is slightly lower at $102,200, still above 100k, +9.53% YTD but −15.79% over the past month. Bitcoin’s volatility remains very high — it can experience double-digit swings in short periods. For this reason, it should represent only a small, speculative portion of a diversified portfolio, and never a core holding for long-term investors. When global bond yields stabilize — the US10Y at 4.10%, IT10Y at 3.42%, and DE10Y at 2.66% — it suggests the market expects central banks to stay cautious. Stable yields mean borrowing costs are not rising, which supports consumers and businesses, but inflation risks remain. 💡 And this is where financial education becomes crucial. Understanding how rates, currencies, and commodities interact in the global economy helps us manage money wisely — focusing on long-term stability rather than reacting to short-term volatility.

@Madali Navas and @Chiara Bonizzi for taking the time to answer the financial literacy self assessment! Such go getters. You did very well