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> stock with no dividend and with only a speculative future value are always a trap The market in the last, what, 20 years, begs to disagree very hard.

mschuster91 3y ago
The market over the last 15 years has been artificially propped up by trillions of dollars worth of quantitative easing. A huge part of the "increases" in real estate and stock market values is backed by nothing more than fever dreams.
- saiya-jin 3y ago
  And it created new inflated reality. That's what current baseline is and nobody ain't going back, money are simply worth less... I do expect this trend to continue on medium to large time scale
  - TheOtherHobbes 3y ago
    No, the inflation is definitely caused by worker wages. Absolutely it's worker wages. Not helicopter QE. Uh uh. That's just not how it works. Capisce?
    - itsoktocry 3y ago
      >Absolutely it's worker wages. Not helicopter QE. From a practical standpoint, there's little difference between these things. It's all more money in the pool. It's not like wages are tied to productivity.
- ryukoposting 3y ago
  Unfortunately it's a fever dream that, as an individual, you have no choice but to buy into. In a world with 7% annual inflation, putting your money in a traditional savings account is tantamount to hiding it under your mattress.
  - deleted 3y ago
    [deleted]
  - itsoktocry 3y ago
    >In a world with 7% annual inflation, putting your money in a traditional savings account is tantamount to hiding it under your mattress. My business savings account is paying 5.5%. That's a long way from 0% in your mattress.
    - thayne 3y ago
      Where can I get a personal savings account with that kind of interest?
      - Elidrake42 3y ago
        5.5 is further than what you can get with Personal Savings, but ~5.0 is not difficult to find at all right now, have to be able compete with those raising interest rates: https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/ https://www.bankrate.com/banking/savings/best-high-yield-int...
      - EricE 3y ago
        Don't discount credit unions. If you or a family member is or was in the military you can get into Navy Federal which even offers interest on their checking accounts (!!). And more importantly, a serious lack of fees and add-on charges.
      - ryukoposting 3y ago
        Shop around. I have one at 4.5%. My credit union has one that goes up to 4.9% if your balance is high enough.
      - kedean 3y ago
        A high yield savings with Discover has a 4.3% APY right now. That's higher than both the mortgage I took out in 2016 and the loan I took out a few years later for new windows on said house. Not 7%, but also way better than cash.

mschuster91 3y ago

The market over the last 15 years has been artificially propped up by trillions of dollars worth of quantitative easing. A huge part of the "increases" in real estate and stock market values is backed by nothing more than fever dreams.

saiya-jin 3y ago
And it created new inflated reality. That's what current baseline is and nobody ain't going back, money are simply worth less... I do expect this trend to continue on medium to large time scale
- TheOtherHobbes 3y ago
  No, the inflation is definitely caused by worker wages. Absolutely it's worker wages. Not helicopter QE. Uh uh. That's just not how it works. Capisce?
  - itsoktocry 3y ago
    >Absolutely it's worker wages. Not helicopter QE. From a practical standpoint, there's little difference between these things. It's all more money in the pool. It's not like wages are tied to productivity.
ryukoposting 3y ago
Unfortunately it's a fever dream that, as an individual, you have no choice but to buy into. In a world with 7% annual inflation, putting your money in a traditional savings account is tantamount to hiding it under your mattress.
- deleted 3y ago
  [deleted]
- itsoktocry 3y ago
  >In a world with 7% annual inflation, putting your money in a traditional savings account is tantamount to hiding it under your mattress. My business savings account is paying 5.5%. That's a long way from 0% in your mattress.
  - thayne 3y ago
    Where can I get a personal savings account with that kind of interest?
    - Elidrake42 3y ago
      5.5 is further than what you can get with Personal Savings, but ~5.0 is not difficult to find at all right now, have to be able compete with those raising interest rates: https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/ https://www.bankrate.com/banking/savings/best-high-yield-int...
    - EricE 3y ago
      Don't discount credit unions. If you or a family member is or was in the military you can get into Navy Federal which even offers interest on their checking accounts (!!). And more importantly, a serious lack of fees and add-on charges.
    - ryukoposting 3y ago
      Shop around. I have one at 4.5%. My credit union has one that goes up to 4.9% if your balance is high enough.
    - kedean 3y ago
      A high yield savings with Discover has a 4.3% APY right now. That's higher than both the mortgage I took out in 2016 and the loan I took out a few years later for new windows on said house. Not 7%, but also way better than cash.