Inflation here? gas/grocery prices just continue to climb (2 Viewers)

[Merl]

Went to the movies with my son this past weekend. 2 small cokes and 2 small popcorns, $31!!! Nope. Sorry not doing that again, ever.

I haven't been to a movie theatre since GOT2 was released and only went then because a friend at work talked me into it as with a group of other guys and the kids and wives/girls friends. I think my ticket cost about $10 and a bag of popcorn and medium soda was$15. Some of them had already seen the movie so they were telling others "this is a good/funny part coming up. Midway I had to use the rest room so missed part of it. After all that I decided I will never go back to a theatre again. I am perfectly fine waiting until a movie hits VOD or even a streaming service I subscibe to so I can watch it in peace or pause it if If a call I need to take or I need to use the bathroom., let alone spend 10% of the cost in a drink and snack.

 

[buzd]

I haven't been to a movie theatre since GOT2 was released and only went then because a friend at work talked me into it as with a group of other guys and the kids and wives/girls friends. I think my ticket cost about $10 and a bag of popcorn and medium soda was$15. Some of them had already seen the movie so they were telling others "this is a good/funny part coming up. Midway I had to use the rest room so missed part of it. After all that I decided I will never go back to a theatre again. I am perfectly fine waiting until a movie hits VOD or even a streaming service I subscibe to so I can watch it in peace or pause it if If a call I need to take or I need to use the bathroom., let alone spend 10% of the cost in a drink and snack.

This might be the first time we have totally agreed on something.

 

[nolaswede]

you will make it back...but it will be a few years.

Im literally treading water from DEc 2021 to current. Puts my "retirement target" off by about 2-3 years. Hopefully not. But i have another 15 years of work left so hoping for the best

If you are still contributing to your 401k etc, which I assume you do, a lower stock market isn’t necessarily a bad thing. You get to buy stocks at a cheaper price so you get more shares the day you cash them out!

 

[El Caliente]

If you are still contributing to your 401k etc, which I assume you do, a lower stock market isn’t necessarily a bad thing. You get to buy stocks at a cheaper price so you get more shares the day you cash them out!

Dollar cost averaging is a thing.

 

[El Caliente]

Musk says Tesla to pause hiring, wants to cut 10% of staff: report | Fox Business

Tesla will be pausing hiring worldwide and jobs cuts are coming at the electric carmaker.The company had around 100,000 employees at the end of 2021

www.foxbusiness.com

This doesn’t seem transitory y’all.

 

[efil4stnias]

If you are still contributing to your 401k etc, which I assume you do, a lower stock market isn’t necessarily a bad thing. You get to buy stocks at a cheaper price so you get more shares the day you cash them out!

oh no doubt, but seeing where i was just 6 months ago vs today is still quite a shock.

and when you think of those who have retired and are living off retirement ( partially ), their "wealth" has decreased dramatically.

im actually hoarding cash right now. Waiting for the next Fed rate bump to then start looking at some values. I got lucky in that my FA put me in some energy plays in Dec 2021 ( we were really eyeballing Ukraine/Russia war ) that have really helped out.

 

[El Caliente]

oh no doubt, but seeing where i was just 6 months ago vs today is still quite a shock.

and when you think of those who have retired and are living off retirement ( partially ), their "wealth" has decreased dramatically.

im actually hoarding cash right now. Waiting for the next Fed rate bump to then start looking at some values. I got lucky in that my FA put me in some energy plays in Dec 2021 ( we were really eyeballing Ukraine/Russia war ) that have really helped out.

While I understand your fear for the retired, at this stage of their life (speaking of older individuals) should have the bulk of their investments out of equities and into fixed income vehicles.

There is a “rule” of 100 that advisors build investor profiles off of. If an individual is in their 30s, then perhaps they have a portfolio that is 70% equities, 30% fixed. But as folks tick closer to 100 equities decrease while fixed income increases.

As investors age, their investments will (hopefully) have grown, so now the amount tied into fixed income, and variable annuities (retirement accounts) should give them a good bit of cushion (barring systematic risk).

It’s the folks that haven’t planned in such a manor that I feel for. Those folks will be working as Greaters at Costco until the day after their funerals.

 

[Bill]

Read an article today that JP Morgan is expecting gas to top out at $6.20 this summer. I fear what food will cost by the end of the year.

Trust me, things are going to get very, very ugly... very, very quickly.

 

[dtc]

oh no doubt, but seeing where i was just 6 months ago vs today is still quite a shock.

and when you think of those who have retired and are living off retirement ( partially ), their "wealth" has decreased dramatically.

im actually hoarding cash right now. Waiting for the next Fed rate bump to then start looking at some values. I got lucky in that my FA put me in some energy plays in Dec 2021 ( we were really eyeballing Ukraine/Russia war ) that have really helped out.

Anyone who is comparing their "wealth" from today to 6 months ago and whining about it needs to go back the the chart and see what's happened since Obama took office and shut up. The entire last 13-14 years has been straight up.

 

[bonnjer]

Trust me, things are going to get very, very ugly... very, very quickly.

That's four too many very's.

 

[efil4stnias]

Anyone who is comparing their "wealth" from today to 6 months ago and whining about it needs to go back the the chart and see what's happened since Obama took office and shut up. The entire last 13-14 years has been straight up.

"wealth" was parenthetical for a reason. There are many folks out there who arent sitting on $1,000,000 in retirement funds, yet are reliant on them.

Pretty crass comment for many who, like my mom, didnt have ANY opportunity to start an IRA until her 50s and managed to build a small nest egg.

Those folks are getting hit hard and may be on the cusp of retirement or just recently retired.

That was who that was about. This aint about OBAMA or TRUMP or none of that. This is simply about the current market conditions as it relates to inflationary pressures.

No one is whining and no one give a $#$% about the last 13 years. My comment was it has to be a shock for them.

sheesh.

 

[Bill]

That's four too many very's.

I didn't know how else to emphasize the chaos that is going to ensue.
Seriously, it's coming.

 

[gboudx]

I didn't know how else to emphasize the chaos that is going to ensue.
Seriously, it's coming.

What should we stock up on? Toilet paper? Ammo? Soup? Ramen? All of these plus more?

 

[Bill]

What should we stock up on? Toilet paper? Ammo? Soup? Ramen? All of these plus more?

Whatever you're going to miss the most.

 

[gboudx]

I think I would miss food the most. So is this an economic and societal collapse we have coming? I'm trying to understand the severity of what's on the horizon. Back when Covid was just getting started, I didn't take bclemms seriously enough and I don't want to make that mistake again.