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Originally Posted by GeeWhiz
Pay close attention to what TOPHCFA has written. The future in unpredictable and that includes inflation, taxes, and return on investment. The 2% inflation rate is what the Central Bank shoots for on management of inflation. The US has taken on massive debt and IMHO will cause substantial changes in the historical financial situation which is used in many financial plan projections. I am not a CFA or Financial guy so this my opinion!
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I'm currently reading "When Money Dies" which details what happened to Germany a hundred years ago with Hyperinflation. (Don't worry, that could *Never* happen to us. It's different this time)
It's kind of a tough read but one takeaway is that in times when the price of things skyrocket, it's best to own things. Real Estate, stocks, farms, etc. And brush up on your back yard gardening skills.
Renters living paycheck to paycheck get crushed.