Re:JPMorgan says the U.S. is probably headed for a recession
by shrimpx on Wednesday March 22, 2023 @01:15AM
(#35257100)
If your nest egg is cash, it may be eroded by uncontrollable inflation. If your nest egg is in assets, it may be eroded by imploding asset markets. How do you keep your nest egg healthy?
[ Parent
| on HN ]
Re:JPMorgan says the U.S. is probably headed for a recession
by Rury on Wednesday March 22, 2023 @01:21AM
(#35257133)
Inflation is a lagging metric. Inflation of 8%, means prices today are 8% higher than compared to a previous time. Holding onto cash when inflation is at 8% would be the good option, provided prices drop in the future (ie you're not losing 8% on holding your cash currently when inflation reads 8%, rather it's cash compared to last year which has lost 8% if you spend it now). As to whether we'll get inflation or deflation in the future, look to the Fed, they are the biggest market participant.
Re:JPMorgan says the U.S. is probably headed for a recession
by s1artibartfast on Wednesday March 22, 2023 @01:22AM
(#35257134)
One option is to put your nest egg in a durable asset that you cherish, enjoy, and get daily use from.
Re:JPMorgan says the U.S. is probably headed for a recession
by AnimalMuppet on Wednesday March 22, 2023 @08:44AM
(#35260162)
"Divide your fortune into seven, or even into eight, for many are the mischances of the world" - the Bible (Ecclesiastes, if I recall correctly).
In other words, diversify. Hope that the areas that grow make up for the areas that implode, or at least that they don't all implode.