Quote:
Originally Posted by manaboutown
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Few people understand math. Our CPI consumer price index has hit 6.2%. You pay that with after tax dollars. I need to make over 9% just to be even.
If you invest 10,000 and make 10% the first year, you have 11,000 if you lose 10% the next year-YOU ARE NOT EVEN. 11000-10%=9900. All the stuff I/WE read never mentions this.
Reality is soooooo simple. No one would pay me to write simple reality.
Inflation, you need roughly 6 dollars to buy what one dollar bought in 1974 except for electronic stuff and that is due to dropping cost and more powerful computer chips.