The most respected bank CEO just made some interesting observations.
Amid the cascade of U.S. sanctions imposed Thursday on Russian cybersecurity companies and officials alleged to be operating on behalf of the Kremlin's intelligence services, one company stood out: the Fresh Air Farm House in Karachi, Pakistan. The Farm House, whose Facebook page shows a waterpark-equipped holiday rental, is run by 34-year-old Mohsin Raza, one of two founders of an online fake ID business that prosecutors say helped Russian operatives get a toehold in the United States. According to a U.S. Treasury statement and an indictment issued this week by federal prosecutors in New Jersey, Raza operated a digital fake ID mill, churning out images of doctored drivers' licenses, bogus passports and forged utility bills to help rogue clients pass verification checks at U.S. payment companies and tech firms.
Last week, we introduced Fools around the world to the first five investments we purchased for this special real-money portfolio. A well-diversified stock portfolio should contain at least a few dozen individual stock positions. Ensure that no single stock accounts for more than 15% to 20% of your total portfolio.