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To: Political Junkie Too

Your cash is melting at about 10%/yr.


144 posted on 09/29/2022 7:57:26 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va
Your cash is melting at about 10%/yr.

If invested, the market is dropping by more than that, so I'm net preserving my capital, and still earning the same yield as before because of the higher treasury rates.

I'm only losing when I spend the money on inflation-impacted products. Since my mortgage, utilities, and other recurring expenses are fixed rates, only my food and gasoline expenses are inflation-impacted, and those are not a majority of my household budget.

-PJ

145 posted on 09/29/2022 9:50:08 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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