which are pretty heavy in oil company stock (sorry but this my retirement I am saving for) had a return of 20% last year. My stock portfolio did not do as well but it returned twice the rate of inflation.
My dad always told me that CDs and Savings accounts were pretty much last resort investments and the only reason to have one was for some quick liquidity.
7. Social Security recipients only got a 2.4% COLA for 2008 too
In times of inflation the only groups that come out ahead are the wealthy who can shelter their assets, the corporations that can raise prices, and the government who abuses a cooked up set of inflation numbers that excludes the very items that are causing inflation to end up paying below inflation rates on subsidy programs to those who need help the most.
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