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Skol

33,126 Posts.

1403

25/10/22

11:10

Post #: 64378310
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Originally posted by tomg_76: ↑

If you want to see crippling losses adopt Skol the troll's genius nominal 2% p.a. term deposit strategy in a 7% y/y inflationary environment - when in real terms he's going backwards at a rate of at least 5% p.a. (before tax). Inflation is a tax, pure and simple (albeit not an explicit tax) whereby purchasing power is subtly and silently diminishing. Enjoy those real losses while we trade/exploit the volatility!
GLTAH!

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You mean this is how you make money?

Well fancy that. I'm learning something new every day.
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0 Great analysis

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