>But I am guessing that group has equities, which are somewhat inflation proof (especially if growth focused) Trust me, with my own portfolio, I wish that were

>But I am guessing that group has equities, which are somewhat inflation proof (especially if growth focused) Trust me, with my own portfolio, I wish that were true, but future expectations of inflation force you to discount future cash flows more, making (all else equal) growth worth less. The real problem the 'HN rest and vest' crowd has with inflation is that while wages have shown a great ability to adjust (upward) to match inflation, stock market returns are less likely to do so.