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
Thread Replies (35)
now up to 23% of $ in NVDA and 23% in BTC...i am in "burn the boats" mode
-- MrBayAreaHokie
Mar 11, 2024 at 10:34 AM ET
MrBayAreaHokie
•
03/11/24 10:34 AM ET
NVDA will always be my "white whale" that got away.
-- Naelbis
Mar 11, 2024 at 06:50 PM ET
Naelbis
•
03/11/24 06:50 PM ET
so, i guess i am a trend follower
-- MrBayAreaHokie
Mar 11, 2024 at 05:13 PM ET
MrBayAreaHokie
•
03/11/24 05:13 PM ET
It has definitely been crazy, doubling in the past 2 months
-- HokieAl
Mar 11, 2024 at 06:01 PM ET
HokieAl
•
03/11/24 06:01 PM ET
If you don't mind me asking, how old are you?
-- HokieByWater
Mar 11, 2024 at 10:47 AM ET
HokieByWater
•
03/11/24 10:47 AM ET
Here's my take on this
◄
-- MrBayAreaHokie
Mar 11, 2024 at 11:18 AM ET
MrBayAreaHokie
•
03/11/24 11:18 AM ET
I've always stayed fully invested (early 60s) but just recently I'm selling
-- 501
Mar 11, 2024 at 09:54 PM ET
501
•
03/11/24 09:54 PM ET
The Crack up is <12 months out**
-- ColoVT82
Mar 11, 2024 at 05:34 PM ET
ColoVT82
•
03/11/24 05:34 PM ET
It'll be a December to remember for sure.... **
-- Vtskier1
Mar 11, 2024 at 07:14 PM ET
Vtskier1
•
03/11/24 07:14 PM ET
I'm investing heavily in the precious metals of brass and lead.**
-- MP4VT2004
Mar 11, 2024 at 02:52 PM ET
MP4VT2004
•
03/11/24 02:52 PM ET
Hyperinflation is 3.5% - 5%? Expected to drop to 2.4% in 2024. Nope...**
-- Hokebury
Mar 11, 2024 at 11:48 AM ET
Hokebury
•
03/11/24 11:48 AM ET
believe the numbers if you want
-- MrBayAreaHokie
Mar 11, 2024 at 12:02 PM ET
MrBayAreaHokie
•
03/11/24 12:02 PM ET
He strikes me as the Donald Trump of the multi-family real estate world
-- Hokebury
Mar 11, 2024 at 12:30 PM ET
Hokebury
•
03/11/24 12:30 PM ET
doesn't change the fact the inflation numbers by the gov't aren't accurate
-- MrBayAreaHokie
Mar 11, 2024 at 02:04 PM ET
MrBayAreaHokie
•
03/11/24 02:04 PM ET
My coffee went up 182% per oz..... it isn't the only item.**
-- Vtskier1
Mar 11, 2024 at 07:18 PM ET
Vtskier1
•
03/11/24 07:18 PM ET
Everyone's definition of what is middle class has changed dramatically over
-- Hokebury
Mar 11, 2024 at 03:47 PM ET
Hokebury
•
03/11/24 03:47 PM ET
And you sound like you're trying to convince the rest of us...
-- MP4VT2004
Mar 11, 2024 at 08:27 PM ET
MP4VT2004
•
03/11/24 08:27 PM ET
Convince you of what? It’s clear you and Bay Area are struggling. Im
-- Hokebury
Mar 11, 2024 at 09:18 PM ET
Hokebury
•
03/11/24 09:18 PM ET
Good for you if you're breezing through life right now...
-- MP4VT2004
Mar 11, 2024 at 09:56 PM ET
MP4VT2004
•
03/11/24 09:56 PM ET
This is a dire statistic.**
-- mancunian
Mar 12, 2024 at 12:38 PM ET
mancunian
•
03/12/24 12:38 PM ET
I don’t think that’s especially new. Many Americans live paycheck to
-- AbsolutVT03
Mar 13, 2024 at 12:15 AM ET
AbsolutVT03
•
03/13/24 12:15 AM ET
I was laying in bed last night thinking about how frustrating it is that...
-- MP4VT2004
Mar 11, 2024 at 03:17 PM ET
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
Mar 11, 2024 at 07:22 PM ET
Naelbis
•
03/11/24 07:22 PM ET
I think that is in Florida, not that I was looking into it...**
-- HortHokie
Mar 11, 2024 at 02:06 PM ET
HortHokie
•
03/11/24 02:06 PM ET
My bad...maybe there are two of them
-- MrBayAreaHokie
Mar 11, 2024 at 04:28 PM ET
MrBayAreaHokie
•
03/11/24 04:28 PM ET
Yes, The Villages. Just outside of Orlando.**
-- HokieByWater
Mar 11, 2024 at 03:07 PM ET
HokieByWater
•
03/11/24 03:07 PM ET
You're old enough to remember the Nixon/Ford/Carter hyper inflation years
-- Hokebury
Mar 11, 2024 at 11:59 AM ET
Hokebury
•
03/11/24 11:59 AM ET
Mortgage loans got up to 18% at one point. Delayed buying a house until 86.
-- TomTurkey
Mar 11, 2024 at 03:56 PM ET
TomTurkey
•
03/11/24 03:56 PM ET
I had a 13% mortgage during that time (also a 18% 20 year IRA CD)**
-- UTPr0sim
Mar 11, 2024 at 04:56 PM ET
UTPr0sim
•
03/11/24 04:56 PM ET
i remember when seller financing was not an uncommon thing
-- MrBayAreaHokie
Mar 11, 2024 at 04:26 PM ET
MrBayAreaHokie
•
03/11/24 04:26 PM ET
I remember writing a Fortran program to calculate a mortgage payment...
-- EDGEMAN
Mar 11, 2024 at 12:08 PM ET
EDGEMAN
•
03/11/24 12:08 PM ET
i missed the punchcard era
-- MrBayAreaHokie
Mar 11, 2024 at 04:27 PM ET
MrBayAreaHokie
•
03/11/24 04:27 PM ET
That's why I will probably never move, at this point.
-- MP4VT2004
Mar 11, 2024 at 03:00 PM ET
MP4VT2004
•
03/11/24 03:00 PM ET