Inflation: The Killer of Investment Returns
We know what inflation is: the rising of prices. If you had $20 today and put it under your mattress, 20 years from now, that $20 would have a lot less buying power. Let’s look at an example. The government tracks inflation in order to make adjustments to Social Security. Its inflation metric is called the [...]
2010 Christmas Price Index
Wishing everyone a healthy and prosperous New Year. Posting an interesting link to the Christmas Price Index conducted by PNC Wealth Management. They have looked at the cost of the gifts in “The 12 Days of Christmas” since 1984. For 2010, the costs of all 78 gifts are up 9.2%. Three French Hens cost 233% more than in [...]