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Date Posted: 14:02:10 4/18/23 Tue
Author: Jasper
Subject: Comments section from Boom finance latest article

.
Steve Z.
In aggregate, the stock Market provides only the illusion of profit.
I bailed on the stock market in 2012. After years of “investing” I saw no real increase in purchasing power. Sure the numbers went up but were fully offset by depreciation of purchasing power. Factor in all cost related to investments, taxes incurred/due on gains and inflation of the currency, I saw minimal gains in actual purchasing power. Plus, the worry associated with economic downturns or some unforeseen calamity and the fact that years of increases could be wiped out on any given sunny day I had enough and closed out completely.
Gold in particular has been the best investment overall this century (from 2000 to present). Of course there have been some exceptions like BitCoin ,etc. but where that is headed is anybody’s guess. Further, I see energy problems making the long term view of stocks dubious at best. You can’t have infinite growth on a finite planet and there has been a terrible lack of investment in long term energy strategies and discoveries.
Your stockbroker or fund manager reports an outstanding return of 12%!!!!…… Yeah, but inflation last year was over 15%. Oopps, you lose…
Worries about market gyrations and the huge wipe out in the markets that is undoubtedly due sometime relatively soon (today, tomorrow, next week, month , year?)
Forgetaboutit…
It’s not for everybody but works well for me.

https://www.theburningplatform.com/2023/04/18/boom-switches-platforms-global-trade-recovery-us-bond-prices-rising-the-fednow-use-cash-the-ripple-controversy-04-16-2023/

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