hexagon logo
Register Sign in
  • Replies 49 replies
  • Subscribers 17 subscribers
  • Views 1130 views
  • Users 0 members are here
Options
Related

US Inflation

LaserJay
Not to stir up the hornets nest... but this inflation is wild.
The Consumer Price Index has gone up so much it is insane. (CPI is basically the calculation for the spending power of a US dollar.)

I highly recommend going and calculating your income from the beginning of 2021 vs what it should be now due to inflation.
Here is an example of what that would look like. I used $35 per hour because I thought that was probably a good square number that is reasonable for a programmers salary.



Here is the link to the calculator from the Bureau of Labor Statistics website.
http://data.bls.gov/cgi-bin/cpicalc.pl

Rant over sorry guys lol
Parents
  • If you invest on your own like I do, time to start looking at SQQQ. Between SQQQ and TQQQ, one is always doing good. TQQQ is an ETF that goes long on stocks (buys traditionally) and SQQQ shorts stocks. When the market is good, TQQQ is strong. When the market is weak like right now, SQQQ is strong.

    I have been doing precious metals. I was buying pounds of silver when it was at $12/ounce a few years ago. Now it is around $22/ounce and up. Same with gold, it almost doubled in value.

    It's also nice because, if things become 'governmental collapse' bad and the dollar becomes worthless, gold and silver are international currencies. I will be ok unless they become worthless.
Reply
  • If you invest on your own like I do, time to start looking at SQQQ. Between SQQQ and TQQQ, one is always doing good. TQQQ is an ETF that goes long on stocks (buys traditionally) and SQQQ shorts stocks. When the market is good, TQQQ is strong. When the market is weak like right now, SQQQ is strong.

    I have been doing precious metals. I was buying pounds of silver when it was at $12/ounce a few years ago. Now it is around $22/ounce and up. Same with gold, it almost doubled in value.

    It's also nice because, if things become 'governmental collapse' bad and the dollar becomes worthless, gold and silver are international currencies. I will be ok unless they become worthless.
Children
No Data
© 2024 Hexagon AB and/or its subsidiaries. Privacy Policy | Cloud Services Agreement