Inflation hedge
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@xenon said in Inflation hedge:
Do you all do anything different with your savings during times of inflation?
I just keep buying index funds... but not sure if I should switch it up.
I took out a loan on my house to buy 6 bitcoins. I’m sure it will work out.
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@xenon said in Inflation hedge:
Do you all do anything different with your savings during times of inflation?
The last time we had really high inflation I had a little Post Office savings account and wasn't allowed to take any out unless my mum went with me.
I'm not a particularly sophisticated investor even today.
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@lufins-dad said in Inflation hedge:
@xenon said in Inflation hedge:
Do you all do anything different with your savings during times of inflation?
I just keep buying index funds... but not sure if I should switch it up.
I took out a loan on my house to buy 6 bitcoins. I’m sure it will work out.
Diamond hands
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Index fund investing is my plan for the next decade or two. If inflation causes prices to increase then maybe companies see better stock performance because of the increased revenue? Who knows. I do recall when interest rates were up about 10-15 years ago you could throw cash into savings accounts making 3-4%, so that’s always an option that may appear in the future too once the feds begin to raise rates in the next few years.
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Social Security has my back.
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@jon-nyc said in Inflation hedge:
@jolly said in Inflation hedge:
Didn't Lynch say something recently about index funds and inflation?
Peter? David? Merrill?
The Magellan guy...