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Yes, I'll admit. I'm one of those who was proud that my 401k was going up in spite of all the economic problems going on. I at one point concluded this was a good thing and a sign that our economy wasn't really all that troubled.
But let me ask this:
If the value of my portfolio went up 15% while the value of the dollar plummeted, how much does that 15% turn into? My guess is that it is not as much as it looks. With gas prices rising and basic necessity cost rising at a rate almost as fast as my savings, are the numbers lying to me?
Just wondering what others with investments think on this.
Inflation steals value from everybody. You have to subtract the actual inflation (the gov’t numbers plus the price increases in food, fuel and housing) from your rate of return to get your real gain. This means that any fixed retirement or savings kept at less than inflation actually loose value over time. Inflation is just another way to transfer money from the provident to the gamblers.
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