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To: OneVike

Very topical. Was just discussing this with a coworker today. Precedent: Zimbabwe.

I’ve put most of my savings into my market accounts and into stock Index funds. As the dollar goes down the valuation of stocks goes up. With investment and bank accounts linked money can be sent to a checking account when needed for spending. The interest rate on a savings account is worthless vs the 14% inflation. The market compensates for the dollar’s decline.


18 posted on 01/08/2021 5:19:00 PM PST by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: Justa

I use my IRA stock account with e-trade for my bank account on expenditures other than household goods. No interest for my money and because I am 64, there is no capital gains tax. I just pay tax if my withdrawals goes over the amount required for income tax at the tax time.

I can invest and trade, and if my trades are enough and my balance is high enough I have a low to zero fee per Month. My only fee is the minimum I pay for trades


20 posted on 01/08/2021 5:27:33 PM PST by OneVike (Just another Christian waiting to go home)
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To: Justa

As the dollar goes down the valuation of stocks goes up.

************

You can also short the dollar. Its working for me.


24 posted on 01/08/2021 5:33:13 PM PST by Starboard
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