Tmac
Adventurer
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Bears can't beat inflation.
Where are you throwing your bull shmeckles? Can't decide between SMH, AMD, or QQQ.
Investing General Discussion
- Thread starter Furious
- Start date
Bears can't beat inflation.
Where are you throwing your bull shmeckles? Can't decide between SMH, AMD, or QQQ.
Kithani
Vyemm Raider
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Haus
I am Big Balls!
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This guy has some of it right. But the caveat is that you just have to find a way to invest and hold assets that appreciate in value at some rate higher than overall inflation, otherwise you're at best treading water and taxes will erode your stored value over time.
Just like many have realized, it's not about picking a winning stock, it's about picking a stock that does better than the market as a whole which is, on average, always going up and to the right.
The biggest real losing play is to hold cash, which I myself am guilty of to some degree due to how I was raised and having a mental compulsion to always have a "just in case" bundle of immediately available cash because even in a wholescale loss of power shit show people will still for the most part accept cash for goods. The other option is accumulating a bag of 1 gram gold bcoins and thinking of each as a $150 bill which is crazy hard to functionally use as currency. heh Although the idea of a big bag of 1gram gold coins makes me inner mountain dwarf feel warm and happy. And they do exist...
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Sheriff Cad
scientia potentia est
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You don't have to pick stocks that do better than the market, you just have to outrun inflation/expenses. Sure it'd be nice to make more than the market, but I've made virtually all of my money just tracking the market. You absolutely do not have to outpick the market.
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