Inflation Avoidance?

[Nine_Ender]

Canada's inflation rate drops to 2.8%. No sign of the recession all the media experts and day traders expected by now. In fact, most of it apparently is groceries and mortgage interest ( which of course goes up when you raise interest rates ).

At this point, the Bank of Canada is totally clueless, raising interest rates when there is no reason to. They did however pay themselves some huge performance bonuses, despite having arguably horrible performance the last 2 years. So part of their battle against "wage inflation" is to pay themselves more money. Such is how NA works these days.

 

[murray t turtle]

What are y’all doing to get around inflation?

Some is unavoidable, but this has helped me a lot:

- Repairing my old car. Instead of buying a new one. Saving huge dollars.
- Food shopping at cheaper stores. I save about 50% by traveling a few miles away
- Curtailing eating out. This really adds up… making omelettes and soup at home is both healthier and cheaper.
- Local vacations. Instead of an expensive vacation overseas, I did some driveable day-trips this year.
- Laddering bonds. Taking advantage of high short-term T-Bill rates. They’re heading towards 6%… pretty good for an existentially risk-free investment.

Any other ideas?

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Good /very good.
Make sure to give plenty away, money, food clothes food ,tithe.
Garden.
Orchard
Metals business .........................................
Deer meat.
Pay insurance 6 month$ premium;
12 month premium too wasteful with this up/trending bull market
Buy more eggs than i need when they downtrend to $$00.99 a dozen LOL
ETFS, cash.
2 x ETFs
3x ETFs
Game gasoline; aim @ a 75-100% full tank, try to buy gasoline price dips

 

[murray t turtle]

5 bucks per 100 gram (=3.5 ounces) in supermarkets in the Canadian Pacific northwest. Unbelievable given the abundance of salmon here. Makes recreational fishing all that more rewarding, neighbors and friends offer me all sorts of stuff to trade for salmon I catch in the July - October months ;-)

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STRANGE\WMT has 14.75 oz tasty standard can for under $4.00[mid south USA, along way from Seattle packing place ......................................................................Double Q/ Trident all the good brands]
Of course they plastic pak + jack price up, same with tuna fish nowdays.

 

[ElCubano]

Inflation here in Canada is alive and well. Many Walmart food items increased in price the past week, on average 16 percent. Milk, chips, sausage, cheese, canned items, bread,... You name it. The graft and audacity of retailers is unreal. They get away with anything, especially in rural communities where there are only 2 or 3 different supermarkets within 100km. I notice the same with the other supermarkets in town as well. There is no way they are not colluding on price increases. And there is no other sensible explanation than price gouging.

Vancouver island bound in September, hiking and camping. You close to that area? you been?

 

[M.W.]

I have been. Where to? Ucluelet? Port Alberni? Victoria?

Vancouver island bound in September, hiking and camping. You close to that area? you been?

 

[ElCubano]

I have been. Where to? Ucluelet? Port Alberni? Victoria?

It’s up in the air. Parkville, trófino and yes ucluelet are areas of interest. What would you recommend? Thanks

 

[M.W.]

Hard to say not knowing what those interests of yours are. I would stroll along the coast, eat good seafood, do some fishing while camping (it's sockeye season), spend a day around Victoria.

I am a hardcore outdoor enthusiast, so can be found on the water, mountain, or forest almost every day this time of year.

It’s up in the air. Parkville, trófino and yes ucluelet are areas of interest. What would you recommend? Thanks

 

[ElCubano]

I’m also gonna hit up the Squamish area.

 

[mervyn]

Whales watching in a close distance is a must, Victoria then drive north.

 

[Day Trader Studio]

What are y’all doing to get around inflation?

Some is unavoidable, but this has helped me a lot:

- Repairing my old car. Instead of buying a new one. Saving huge dollars.
- Food shopping at cheaper stores. I save about 50% by traveling a few miles away
- Taking advantage of credit card promos. For example, I get 5% cash back on fuel purchases from one card.
- Curtailing eating out. This really adds up… making omelettes and soup at home is both healthier and cheaper.
- Local vacations. Instead of an expensive vacation overseas, I did some driveable day-trips this year.
- Laddering bonds. Taking advantage of high short-term T-Bill rates. They’re heading towards 6%… pretty good for an existentially risk-free investment.

Any other ideas?

paying down your credit card, looking into starting an offshore commodity business