Thursday, July 17, 2008

Inflation

I am forever worried about inflation, and how $100 of today can only be good enough for 2 cans of maling luncheon meat 20 years from now.

Maybe that seems like an exaggeration, but maling used to cost $1.70 last year, and is costing $2.80 this year, and that is a 65% increase!

I am seriously worried about my money. I can put in in a fixed deposit for 1.2% interest, but inflation is coming at 4.5% - 5.5% for last year, and the forecast is that this will proceed.

I tried investments, and so far it has been a loss, due to the fact of the uncertainty in the stock markets, no thanks to the crazy oil prices.

Then what do I do now? Withdraw all 5k I have, spend them while they still have value, and live as a pauper after that? At least I wont see my monetary value disintegrate into thin air.

No comments: