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This is terrible advice. Cash never returns to a previous value. There is constant inflation. All the other assets are temporarily reduced in value and the va
by upsidesinclude 4y ago
This is terrible advice.
Cash never returns to a previous value. There is constant inflation.
All the other assets are temporarily reduced in value and the value is not realized until the asset is sold.
- voisin 4y agoWhat are you taking as “advice”? I am stating what should be the un controversial observation that CPI measures things that make up a large percentage of a poorer person’s costs, whereas for the rich, inflation per CPI is meaningless and that their “basket of goods” purchased in a year is primarily financial assets, which have objectively seen deflation over the last year. Which part of that statement is unclear to you?
- lostmsu 4y ago> temporarily Are they though?