Simon Shares * Renergen* (JSE code: REN) the Central Energy Fund has successfully completed their due diligence on the R1billion, final approval is still required. * Mpact (JSE code: MPT) results. * US jobs data and unemployment continue to belie the recession talk. * US inflation for July was 8.5%, a good number. * A gallon of gas has fallen below $4 in the U.S. for the first time since March. * Credit Suisse has lowered its 2023 UK GDP forecast to -0.6% from 0.5%; expects the UK to enter a recession from Q4 2022 until Q3 2023. * Elon Musk sold $6.9-billion (R14.5-billion) of his shares in Tesla (Nasdaq code: TSLA) – his largest sale yet – saying he may need the cash if he has to buy Twitter (NYSE code: TWTR).
Embrace the risk * Investing is about risk * Without risk, there is no reward * Without risk, you are saving * But the risk needs to be reasonable and the returns realistic