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MrBayAreaHokie
Joined: 11/05/2005
Posts: 33,042
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Here's my take on this

I think in a world of hyperinflation, this is traditionally how I think assets hold up 1. Hard money should do best, so gold and BTC, with BTC being a much better product due to it being electronic 2. Housing - reading about other big eras of hyperinflation, housing has done ok...this is why the kids will possibly have to live in Potterville forever 3. Stocks - stocks can be ok but it will be very very selective IMHO 4. Cash and bonds are a complete disaster in high inflation So, if you look at the conventional wisdom of say "as you get older go to more cash and fixed income", you might be bankrupting yourself. My parents made all these same mistakes btw. They are in their 80s and really have moved from upper middleclass to middleclass over the past 30 years cause they have missed all these bull markets. So the question could be to me, why do you think we are in hyperinflation? I think it is coming, fast. Even CNBC is finally talking about "accummlated inflation" which they always ignore. Final point-->Last quarter the gov't borrowed 2.7 dollars for every dollar of GDP growth. This is completely unsustainable. Just my $.02 ** Edited by MrBayAreaHokie at 3/11/2024, 11:41:44 AM
Posted: 03/11/2024 at 11:18 AM ET
(In response to this post by HokieByWater)

Thread Replies (35)

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now up to 23% of $ in NVDA and 23% in BTC...i am in "burn the boats" mode
MrBayAreaHokie 03/11/24 10:34 AM ET
NVDA will always be my "white whale" that got away.
Naelbis 03/11/24 06:50 PM ET
Ooof.**
Will StewartAdmin 03/12/24 01:25 PM ET
What are you doing for BTC?
HokieAl 03/11/24 04:45 PM ET
so, i guess i am a trend follower
MrBayAreaHokie 03/11/24 05:13 PM ET
It has definitely been crazy, doubling in the past 2 months
HokieAl 03/11/24 06:01 PM ET
If you don't mind me asking, how old are you?
HokieByWater 03/11/24 10:47 AM ET
Here's my take on this
MrBayAreaHokie 03/11/24 11:18 AM ET
I've always stayed fully invested (early 60s) but just recently I'm selling
501 03/11/24 09:54 PM ET
The Crack up is <12 months out**
ColoVT82 03/11/24 05:34 PM ET
It'll be a December to remember for sure.... **
Vtskier1 03/11/24 07:14 PM ET
I'm investing heavily in the precious metals of brass and lead.**
MP4VT2004 03/11/24 02:52 PM ET
Hyperinflation is 3.5% - 5%? Expected to drop to 2.4% in 2024. Nope...**
Hokebury 03/11/24 11:48 AM ET
believe the numbers if you want
MrBayAreaHokie 03/11/24 12:02 PM ET
He strikes me as the Donald Trump of the multi-family real estate world
Hokebury 03/11/24 12:30 PM ET
doesn't change the fact the inflation numbers by the gov't aren't accurate
MrBayAreaHokie 03/11/24 02:04 PM ET
My coffee went up 182% per oz..... it isn't the only item.**
Vtskier1 03/11/24 07:18 PM ET
Everyone's definition of what is middle class has changed dramatically over
Hokebury 03/11/24 03:47 PM ET
And you sound like you're trying to convince the rest of us...
MP4VT2004 03/11/24 08:27 PM ET
Convince you of what? It’s clear you and Bay Area are struggling. Im
Hokebury 03/11/24 09:18 PM ET
Good for you if you're breezing through life right now...
MP4VT2004 03/11/24 09:56 PM ET
This is a dire statistic.**
mancunian 03/12/24 12:38 PM ET
I don’t think that’s especially new. Many Americans live paycheck to
AbsolutVT03 03/13/24 12:15 AM ET
I was laying in bed last night thinking about how frustrating it is that...
MP4VT2004 03/11/24 03:17 PM ET
3 years ago air fare to take the kids to grandma was $2400 for 4 people.
Naelbis 03/11/24 07:22 PM ET
almost 58
MrBayAreaHokie 03/11/24 10:50 AM ET
I think that is in Florida, not that I was looking into it...**
HortHokie 03/11/24 02:06 PM ET
My bad...maybe there are two of them
MrBayAreaHokie 03/11/24 04:28 PM ET
Yes, The Villages. Just outside of Orlando.**
HokieByWater 03/11/24 03:07 PM ET
You're old enough to remember the Nixon/Ford/Carter hyper inflation years
Hokebury 03/11/24 11:59 AM ET
Mortgage loans got up to 18% at one point. Delayed buying a house until 86.
TomTurkey 03/11/24 03:56 PM ET
I had a 13% mortgage during that time (also a 18% 20 year IRA CD)**
UTPr0sim 03/11/24 04:56 PM ET
i remember when seller financing was not an uncommon thing
MrBayAreaHokie 03/11/24 04:26 PM ET
I remember writing a Fortran program to calculate a mortgage payment...
EDGEMAN 03/11/24 12:08 PM ET
i missed the punchcard era
MrBayAreaHokie 03/11/24 04:27 PM ET
That's why I will probably never move, at this point.
MP4VT2004 03/11/24 03:00 PM ET