agip wrote:
getting old and not turning into a negative codger talking about the good old days while finding current times lacking...is one of the great challenges of aging. While using our hard-earned wisdom at the same time, of course.
on the other hand, one of the great parts of aging is investing. A day like today...I made more in one day than I made in a year, when I was just out of college.
Great! I didn't make that much, but the creep continues.
I do believe that the gov will use any excuse to print money, and that they will actually raise their "inflation target" above 2%, say to maybe 3%, so as to erode the value of the debt (a failed endeavor, but whatever).
Stocks are conceptually an inflation hedge, and a good one if you buy the broad market. I may be a moran, but like Buffet, I am waiting for a drawdown to get back in. But at these low VIX levels, no thanks--but I have bought a bit more tobacco, now yielding around 10%, to keep those qualified dividends.