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Where can I obtain these magical dollars whose purchasing power increases over time? The purchasing power of all my dollars seems to go down the longer I hold
by Rychard 7y ago
Where can I obtain these magical dollars whose purchasing power increases over time?
The purchasing power of all my dollars seems to go down the longer I hold onto them.
- thomaslangston 7y agoAt one time (maybe still), purchasing power for computer components went up much faster than inflation. If your goal was to buy a faster processor, then waiting effectively generated a rate of return based on falling prices.
- pault 7y agoIf the dollars depreciated then you wouldn't owe taxes on them and it wouldn't be a good metaphor.
- kazinator 7y ago> Where can I obtain these magical dollars whose purchasing power increases over time? In the enchanted land of the grandparent comment. :)
- mokus 7y agoThat’s not relevant to the point you’re responding to - the point is, if the purchasing power of your dollars went up (and assuming it’s your native currency), you don’t get taxed on it because the number of dollars you hold did not change as a result. If you are holding a different currency, it’s value goes up, and you convert it back to spend, you made capital gains and it will be taxed even though that foreign currency is not an “investment” instrument.
- H8crilA 7y agoLong term treasuries are pretty good, averaged 5-7% per year since 1981. And yes you do pay taxes on those.