Unique financial nuggets

[muqawwee123]

Re: Unique financial nuggets

@Southie

^ the impact of change in cost of living on you based on your circumstance.

If you are young (30 yrs) with good future, good job, and a fixed mortgage rate for house, with stock-heavy portfolio, moderate inflation is good for you! Your salary will rise with inflation, you pay off mortgage with cheaper dollars (Rupees), your home value increases, your stocks rise with inflation. Deflation is worse for you - could lose your job, home value down, pay mortgage with more expensive dollars.

If you are a retiree with fixed Soc security, you want dflation.

So he is saying, stop wasting your time in guessing economic outcomes, plan per your circumstances. Only you know which “-flation you should fear”.

interesting..