Inflation
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.
I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.
Cash — in savings accounts, short-term CDs or money market deposits — is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
Inflation is taxation without legislation.
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