Amen
Please explain how to keep up with a fricking 7.9% inflation rate...
- Thread starter kmiklas
- Start date
Hotel 32/32?
Real inflation is higher than 7.9%. That is the official rate they publish. Go to a supermarket and the prices of food is much, much higher. The reason the stockmarket is still high is because there is nowhere for most people to put their monies in and get a decent return. The price of oil is highly inflationary. Joe Biden continues his war on US oil companies and releasing like 30% of the strategic petroleum reserve will not even cover the US daily oil consumption. He is releasing 1,000,000 barrels of oil daily for the next 6 months. US daily oil consumption is 20,500,000 million barrels of oil a day. You do not need to be a math genius to see it does not add up.
Virtue signaling at its best. Not eager to get into politics but the only way to make this world a better place is to not always act selfishly but help others around us to succeed, to hold our leaders responsible, not just sitting in our basements and complain on social media, but by voting for the right people. We have given away too much control. And it's almost too late now. In Canada municipalities have increased spending by so much that they don't have any incentives to see property prices go down because it would severely cut their available funds for spending. Why is the US now spending 500 million on completely price inflated drones on Ukraine? Because of high level corruption in our governments where politicians are in bed with industry. Until this stops none of the abuse and overreach is gonna stop.
It is what it is. You can conveniently, ignore that Joe Biden's green energy policies to push enormous subsidies to his CEO buddies is the problem and why he will not accept that his war on US oil companies can only sink the US and continue to feed massive inflation. He is in way over his head without a clue how to manage the US economy. As for Ukraine, we think nothing of throwing away $14 billion of US tax dollars while, Americans struggle with high inflation, open borders, etc. Yeah, US taxpayers will pay for that too. You cannot just throw monies at any problem and expect it to be solved. The reality is you have to know what the hell you are doing, just like in trading.
As if not every single republican lawmaker and former government official has not grossly collided with industry and pushed the winner take all propaganda. Don't deceive yourself.
The only way I can see is to start a bank. If you can take $1million in assets and then make $10million in loans, they you can beat inflation because the interest rate you're charging gets magnified by all that leverage.
Inflation actually helps in that case, because in the event that your customers default on a secured loan, you get an asset whose dollar value has gone up.
Inflation actually helps in that case, because in the event that your customers default on a secured loan, you get an asset whose dollar value has gone up.
A fund manager or a computer. 8% is about the average return on the S&P 500 over the last 20 years (~7.9% I think) If you are struggling to get that return from trading or personal investing , quit and put your money in an index fund. Had you put your money in an index fund you'd have beat inflation every year for the past 20.
You have a vastly oversimplified version of the relationship of government taxing and spending to inflation. Shall we call your version the "Twitterized" version?
Now then, have I "...explain[ed] how to keep up with a fricking 7.9% inflation rate" ?
I should add that I am not a fan of straight Index Funds. Since most of the S&P's gain is attributable to a half dozen or so stocks, just buy those stocks in the same relative proportion to each other as in an index fund. Then adjust from time to time according to the long range outlook for these stocks. You'll do better than the index fund over time but worse in down turns. You'll have a little more volatility. (I don't do this myself by the way. Not exactly anyway.)
Last edited: