What happened while I took a nap ? Gold up $18
JimTyler
Posts: 3,362 ✭✭✭✭✭
Is it still 2022 or did I pull a Rip Van Winkle.
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JimTyler
Posts: 3,362 ✭✭✭✭✭
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Please go back to sleep.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The Feds raised interest rates by 3/4%
Good one Dennis 😂
I sold a gold bar yesterday. Gold goes up when i sell and down when I buy. You are welcome!
Interest rate hike, panic, manipulation.... Cheers, RickO
Oh. Situation normal then. Buy bonds.
Gold up $30. Go back to your nap. We'll let you know when to wake back up.
I knew it would happen.
Oh. Situation normal then. Buy bonds
Buying bonds is the very last thing I'd be doing right now.
I knew it would happen.
You want him to never wake up? Lol
Knowledge is the enemy of fear
I'm buying lots. The interest is more than covering the increased inflation expense.
Knowledge is the enemy of fear
IBonds up to 7.12%
Oh you big silly. Don't you know they are as safe as the tax revenue from this burgeoning economy?
Heh even gutter up big, guess they figure we will need lots of the above ground hoard for all these new solar panels. Bring it!
The market lulled you there, and then....
I'm buying lots. The interest is more than covering the increased inflation expense.
I think that you should backup the semi.
I knew it would happen.
Backed up and loaded up. Bond prices are up 4-6% (high yield is up more) since your warning a month ago.
So a little math exercise. 3% on $250k (guaranteed and insured) for 12 months is $625/month in interest. That should cover the increased grocery bill.
Knowledge is the enemy of fear
oh good lord the economic illiteracy in this post is epic...
Indeed!!
Yup....we all got different economics. Someone else might buy a new car or a boat with that interest.
Youre not gonna fix others' economics, so stop pretending like you care.
Knowledge is the enemy of fear
Another little/ math exercise. $250,000 x .091 (inflation) = $22,750 / 12 months = $1,895/mo.
$1,895/mo loss due to inflation - $625 bond interest = $1,270/month loss in purchasing power.
$1,270/mo x 12 mo = $15,250 /year losses
lol, back up another semi truck. I'm pulling for ya.
Maybe you could find a 6% yield somewhere, then let's go with the real rate of inflation, somewhere around 16% to 18%
Buy those bonds, just do it.
You'd be better off in the stock market, until it crashes.
I knew it would happen.
Think I’ll take another nap.
How much is your annual spending, $75k? And if the cost of what you buy goes up by 9.1% then your annual spending goes up by $6825. That's how much it costs to maintain your lifestyle. So, $7500 in interest can offset the cost increases, and you can maintain your lifestyle. And still afford to complain.
Knowledge is the enemy of fear
So what happens typically happens to bond prices when the equity market "crashes"?
Or just wait till this "crash" and triple (or more) your money over the next 10 years (or less).
And what is your definition of "crash"?
Knowledge is the enemy of fear
You're deflecting from the real issue. I urge you to back up a 2nd 18-wheeler. Just do it.
I knew it would happen.
Not deflecting anything. Yes the inflation rate is too high, but it will come down and in the meantime there is opportunity to get your money to work harder. You elect to ignore that opportunity, while many others embrace it. As stated above, we all have different economics. Make yours the best you can...and dont be afraid.
Knowledge is the enemy of fear
Need to lop 25% off the bond interest for taxes...
I buy bonds
If they ever get serious about fighting inflation, I can only guess what will happen to the principal on those bonds.
While the Fed keeps buying bonds from the back door to support the stock market, they keep pumping out new imaginary money at a mushrooming pace.
Massive inflation, or massive bond and then stock market crash? Something's going to break.
I knew it would happen.
You don't have to guess as almost all will mature at full par value and will continue to pay interest and provide an income stream.
Knowledge is the enemy of fear
Some epic tax illiteracy being displayed here. 😉
Knowledge is the enemy of fear
Please expand on your post
Still nothing?
Please expand on your post
Whatever it is, I'm sure that it's epic.
I knew it would happen.
Sorry. Didnt see your request. Gooses and ganders.
Knowledge is the enemy of fear