Inflation blues or opportunity?
As the cost of housing, food, and gas increased over the last year, I tried to shrug them off at first. But I think we’re beyond that point now. Paying close to $100 for a tank of gas (many outside the US pay more!) or $10 for sliced turkey is absurd. Nobody is getting pay raises to keep up with rising inflation or what some might call currency debasement.
I’ve been cutting back a lot over the past six months (full-on college Top Ramen mode). Why? Besides things costing more, now is also, ironically, the best time to invest. It’s anyone’s guess on how far or bad things will get. That’s why I continue to dollar-cost-average (DCA) into stocks, Bitcoin, etc. Put it this way, if things don’t go back up (which they always do), we’re at an end of the world situation, so it doesn’t matter anyway.
And while it might be a great opportunity, it’s never fun watching things go down or bleed. But I’m not about to try and time this market, it’s about “time in the market.”
With that being said, I think a lot of us probably feel like this in the morning after checking the markets.👇