Just wait until Chuck passes Joe’s $20 trillion fake budget
So if inflation is running at 15% per annum, your cash value is depreciating at 14% per year (assuming you are earning 1%) which is absolutely devastating. With stocks, you are keeping up at 85% of inflation which is a lot better than cash.
But it takes a lot of courage to stay the course on equities with their ultra-high prices and valuations right now. If there's a big market correction (which many are predicting) it could take a long time to make that up in a high inflation environment.
Real estate valuations have exploded all over the country, but most of all in Red States where people are fleeing. The pandemic sent Blue State Rats scurrying for sane states with good fiscal management and low taxes. Real estate has already doubled in the past three to four years in many well-managed Red States. Good luck finding real estate investment properties with decent returns today. But, even with today's high RE prices, it might still be the best hedge against inflation.
Closer to 100% where I am. Housing up 200% to 300%. Lumber up 600%. Food, I just went shopping and it’s up minimum 30%. Between “shrinkflation” and adding on some staples are up 40%. YAY BIDEN!!! Best president EVAH!!!
Folks, remember that the inflation is an average number.
Each and everyone one has an individual inflation rate. some will be affected more than others.
Gas went up another nickel a gallon where I am at. $3.25 approx. average for regular.
Well, no one has to read Trump’s tweets anymore, and that is the main thing. And Ann Coulter says Trump is a vulgarian, whatever that is.
Groceries, gas, homes.....