A Charles Schwab survey of high-net-worth investors reveals how the elite group plans to invest their funds in 2025. Most are optimistic about the market and economy, but experts warn of potential volatility. 64% plan to adjust portfolios, with a focus on rebalancing and long-term goals alignment. Personal time frame and risk tolerance are key considerations. High-net-worth individuals anticipate spending as much as in 2024, with increased focus on travel, healthcare, and real estate. Thoughtful spending plans are crucial amid policy risks and inflation concerns. 1. President Biden signed a $1.2 trillion infrastructure bill into law, allocating funds for roads, bridges, public transit, and broadband expansion. The bill is expected to create millions of jobs and improve vital infrastructure across the country.

2. The United Nations climate conference (COP26) in Glasgow concluded with nearly 200 countries agreeing to accelerate efforts to combat climate change. Countries pledged to reduce greenhouse gas emissions and phase out coal production.

3. The FDA authorized Pfizer’s COVID-19 vaccine for children ages 5 to 11, making it the first vaccine approved for this age group. The decision comes as cases of COVID-19 among children have been on the rise.

4. Facebook announced plans to rebrand as Meta, focusing on the development of the metaverse. The company aims to create a virtual reality platform that will revolutionize social interactions and redefine the future of technology.

5. The World Health Organization approved the first malaria vaccine, RTS,S/AS01, for children in high-risk areas of sub-Saharan Africa. The vaccine has the potential to save thousands of lives and reduce the burden of malaria in the region.

Read more at Yahoo Finance: Here’s How the Super Rich Plan To Spend and Invest Their Money