Have you ever heard your buddy brag about how much money he made on “X” stock? It usually goes something like: “I bought Intel when it was trading for mere dollars. Then I sold it at the peak and had a 500% return on my money!” Here are some things your buddy probably didn’t tell you: …
Inflation In Retirement… Guaranteed Loss On Your Investment
Sam Ewing had a great quote: “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” If you buried your cash in your back yard and dug it up 10 years later, inflation would have caused it to be worth less. It’s like a loss on your …
I’m About To Retire! What Investments Should I Buy?
I have 2 unhealthy food favorites: fried chicken and donuts. I try to limit my exposure to these. That means rarely having donuts in the house. As for fried chicken, I generally only eat it once a month. This is usually the 3rd Sunday of the month, also known as “fried chicken” day at church. We …