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In reply to the discussion: Dow sinks 700 points as Delta variant fears hit Wall Street hard [View all]PoindexterOglethorpe
(25,854 posts)33. There are lots of different annuities.
And inflation has been extremely low for decades now.
The current return on investment on both of my annuities is remarkably good. Not mind-boggling or record-breaking, but good. They along with SS and my pension provide a secure base for me.
It's been some 50 years since we went off the gold standard. Thank you, President Nixon. He also triggered the extreme inflation of the late 70s when he did the wage and price freeze thing at essentially the same time. I recall quite clearly that a lot of economists were horrified, because they knew full well that after the freeze ended, inflation would skyrocket. Which it did.
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I agree, unless they are rich - which most people, including us, certainly are not.
lark
Jul 2021
#6
One caveat: you do much better if you invest for income, not a killing on share price
Warpy
Jul 2021
#11
I am not at all deep into the money stream and I definitely don't do futures.
PoindexterOglethorpe
Jul 2021
#24