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To: Boogieman

“Yes, assimilate and digest that people will be able to just put their money in savings accounts and get prosperous through compound interest again, instead of being forced to gamble their retirement funds on the stock market.”
Buying good companies allows you to beat inflation.

Socking away money in savings accounts guarantees that inflation will bear you.


11 posted on 10/05/2023 11:16:31 AM PDT by TexasGator
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To: TexasGator

Exactly. Sounds good but inflation will nibble away. A savings account investor may break even, not going to become prosperous.
A mix of stocks & bonds worked for years but bonds were not worthwhile for some years. As interest rates rise they may again be part of a prudent mix.

IMHO The FED is criminal to raise rates during a Biden economy. In a Trump economy people had better income, cheaper gas & goods. The trick was to grow the economy and start paying down debt as interest rates very slowly rose to historic norms.

What does the Fed care that they are crashing America’s economy and her position in the world and skyrocketing interest on the debt. FEDS are empty between the ears, devoid of common sense, operating on faulty principles applied in a one size fits all fashion.


35 posted on 10/05/2023 12:41:13 PM PDT by JayGalt (A proud slave must be broken before the contagion spreads. Ever was it thus.)
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To: TexasGator

Your short list of “good” companies running ahead of inflation over the next two years?


40 posted on 10/05/2023 3:03:42 PM PDT by Paladin2
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