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Author Topic: How has inflation affected your savings and investing?  (Read 527 times)
Finestream
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September 28, 2021, 01:23:48 PM
 #61

The inflation is not only affecting savings and investment, it has also affected already saved money. Some countries fiat is lossing value on daily bases. And people that have saved when such monies had value are running on losses now. What your saved money could get you 1yr ago, you will be needing double of such money to get it now. And saving does not multiply.
With the present reality, I think savings is no longer a good option. Rather investment with short-term returns should be considered.
For me, it's still a good option to save some of your money not mainly for the future of your family but more on the circumstances that will just suddenly occur. It will somehow bring relief if you always have your cash on hand. But i admit, i am also affected with this rising inflation but not that much. I have learned even before to save more by not spending on the things that are not important and focus on the basic needs. And for my investments, i never invest more than what i can afford to lose and as much as possible, i play safe most of the time. Although i'm not really into huge profits but that's fine as long as i'm gaining profits in a small way consistently.

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September 28, 2021, 03:43:10 PM
 #62

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?


As I grew up, inflation is always present. It is hard to earn, save, invest and maintain our standard way of living at the same time. So to be able to make everything still in balance, I am always trying to sustain my full time and part time job(s). With that, I may use my salary in my full time job to buy our everyday expenses, then my profit from part time in saving. But of course it will not always go in an easy way so there are times that I need to adjust my savings just for our living.

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September 28, 2021, 07:38:32 PM
 #63

You should always take care of your expenses first, and then (and only then) invest in whatever if you've got cash left over.

Not everytime, if the expenses aren't needs then you don't take care of those first, you have to cut down on those expenses that are just wants and invest more. I guess that's what the OP is trying to ask.

Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?

It has been the other way round, expenses has been cut them and I'm beginning to see the positive side of it. I walk more often now instead of driving and consuming fuel. Public transportation has also been embrace meanwhile I wasn't a fan of that before. Still though I haven't allocated more to investing instead I have been saving but not in my local currency. I have been doing that in foreign currency so technically you can say I'm investing because there's a 90% guarantee of me having a nice ROI on my savings when trading back to local currency.

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September 28, 2021, 07:44:41 PM
 #64

The inflation is not only affecting savings and investment, it has also affected already saved money. Some countries fiat is lossing value on daily bases. And people that have saved when such monies had value are running on losses now. What your saved money could get you 1yr ago, you will be needing double of such money to get it now. And saving does not multiply.
With the present reality, I think savings is no longer a good option. Rather investment with short-term returns should be considered.
Why would only go for one option if you could have both? You can have savings at the same time you could have investment so that you wont really be bothering yourself in regards into this issue of inflation.

This is an inevitable thing but what matter most here is that you do able to know on how to sustain yourself on the way on making out investment.Inflation is there but doesnt mean that it is

really giving out that big impact and to think that there is still lots of various ways on saving up your ass.
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September 28, 2021, 10:47:36 PM
 #65

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.
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September 28, 2021, 11:17:38 PM
 #66

The inflation is not only affecting savings and investment, it has also affected already saved money. Some countries fiat is lossing value on daily bases. And people that have saved when such monies had value are running on losses now. What your saved money could get you 1yr ago, you will be needing double of such money to get it now. And saving does not multiply.
With the present reality, I think savings is no longer a good option. Rather investment with short-term returns should be considered.
Why would only go for one option if you could have both? You can have savings at the same time you could have investment so that you wont really be bothering yourself in regards into this issue of inflation.

This is an inevitable thing but what matter most here is that you do able to know on how to sustain yourself on the way on making out investment.Inflation is there but doesnt mean that it is

really giving out that big impact and to think that there is still lots of various ways on saving up your ass.
I guess if you perceive inflation more on a negative way, then you might only end up nothing to lose and nothing to gain in the future. Its like you let yourself being in controlled with the inflation when in fact there are various ways to combat them so that you will not be directly affected. Just continue of what you are used to do like saving and investing because in the long run, nothing else will matter but only the profits that you will be able to gain from your investments. The rising inflation will never stop so never stop too saving and investing as much as you can because you might end up having financial stability in the future and you will never have to deal with this never ending inflation.

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September 29, 2021, 12:16:25 AM
Last edit: September 29, 2021, 12:56:52 AM by Sayeds56
 #67

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.

I think one of the major reason is economic slow down during the past years which has impacted all businesses worldwide and as a result reduced the income of families. How people can making savings when they have not enough income to run their daily life. There is another reason which has pushed up cost of everything and that is the cost of transportation which has jumped many folds when countries started opening up after corvid-19 vaccination.









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September 29, 2021, 02:59:06 AM
 #68

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.
This is the reason why I only do investing from now on and I don't have any plans doing some saving especially with fiat knowing that the rate of inflation in my country is just continuously going up at a really fast rate, investing saved a huge portion of my money.

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September 29, 2021, 02:32:38 PM
 #69

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.
Positive investment advantages definitely belong to traditional investors before the global inflation event occurred, due to the entry of a new force,
those are people whose income criterion is affected by inflation, and their currency depreciates heavily while daily consumptions suddenly increase sharply, they need a cupboard to store their results as well as be able to exploit a little more unexpected results such as stock indexes. That transforms the market into more optimistic and those who sharpen their consciousness early will inherit a more growth-filled environment

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September 29, 2021, 05:16:35 PM
 #70

Inflation hasn't really affected me directly, I've mostly noticed it in the supermarket and in fuel. It's quite irritating, the same 6 pack of water bottles costed 1.40€ or 1.50€ a year ago, was now bought at 1.68€. Simple everyday shopping has gone up, I've got plenty of examples to present.

On terms of investing now, I'm not directly affected due to me refraining from using my own salary for investments. I prefer DeFi and not trading anymore. Personally, I use signature campaign earnings and cryptocurrency for investing.
That is what is so pernicious about inflation, it may not seem like a big deal to pay 18 cents or 28 cents more for the same product but that is an increase of 12% to 20% in a single product and if you see these kind of increases in all products then suddenly you buy a lot less, also something that companies do all the time is that instead of raising their prices as they know people do not like this is that they lower the quality of the product itself or they give you less of it.
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September 29, 2021, 11:45:03 PM
 #71

...also something that companies do all the time is that instead of raising their prices as they know people do not like this is that they lower the quality of the product itself or they give you less of it.

True, I noticed that the quality of products these days have been affected, and that all those nutritional information on the packaging of products, now more than ever are not 100% true, some are just written in adequate percentages for show, in reality these companies have reduced the quantity of these nutrients they use because they are being affected by inflation and have to meet up. To show that companies have really been affected to agree to your comment, i have also noticed not just a reduction in quality, but also in the quantity of products.

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September 29, 2021, 11:53:21 PM
 #72

It has decreased my savings and I'm more leaning to have more types of investments, inside and outside crypto. I have to be flexible as I'm thinking about my retirement and when I'm retired, I still have to deal with inflation without any worry.
The essence of diversification including the outside crypto investments is very effective for this purpose. You'll have eggs in many baskets that will help you deal against inflation and price increase for commodities.



 

 

 

 

 

 


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September 30, 2021, 10:43:17 PM
 #73

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.
This is the reason why I only do investing from now on and I don't have any plans doing some saving especially with fiat knowing that the rate of inflation in my country is just continuously going up at a really fast rate, investing saved a huge portion of my money.
Saving in fiat has always been a bad business but this is not something people understand because they lack historical perspective, if we see what it took you to buy something one hundreds years ago you can easily see why saving is a waste of time as most likely 99% of the purchasing power of the currency would have been lost, so we need to put our wealth in hard assets that can resits that inflation, it does not matter if you invest in gold, real estate or bitcoin, as long as you avoid having huge amounts of fiat then you will do well in the future.
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September 30, 2021, 10:56:08 PM
 #74

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.
This is the reason why I only do investing from now on and I don't have any plans doing some saving especially with fiat knowing that the rate of inflation in my country is just continuously going up at a really fast rate, investing saved a huge portion of my money.
Saving in fiat has always been a bad business but this is not something people understand because they lack historical perspective, if we see what it took you to buy something one hundreds years ago you can easily see why saving is a waste of time as most likely 99% of the purchasing power of the currency would have been lost, so we need to put our wealth in hard assets that can resits that inflation, it does not matter if you invest in gold, real estate or bitcoin, as long as you avoid having huge amounts of fiat then you will do well in the future.
But not all would really be having that kind of mindset or does really have knowledge but its impossible for someone who does have lots of money or businessman wont really be aware about inflaction.

This is something turns out to be a default thing and i agree into your sentiment that it is better to invest out your money on several investments like gold or something traditional including crypto.

On this way you could really save up yourself in risk of inflation which this is something inevitable.
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October 01, 2021, 02:09:29 AM
 #75

For sure.

In my country inflation has exceeded target for the past month and the central bank is doing absolutely nothing.

It's a bit ridiculous. Groceries and petrol are clearly increasing in price week on week yet the central bank is still pump stimulus after stimulus as if their end goal is to debase the currency to the best extent possible. Diversify your assets out of fiat, please.

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October 01, 2021, 02:10:46 AM
 #76

In terms of savings, it has definitely made it slower.

Groceries & prices in generally have crept up over the past few years that has stymied savings progress, whilst wage growth hasn't seen the same growth.

In terms of investing, it might have actually helped. Most of my portfolio is in stocks and cryptos which generally positively associate with inflation.
This is the reason why I only do investing from now on and I don't have any plans doing some saving especially with fiat knowing that the rate of inflation in my country is just continuously going up at a really fast rate, investing saved a huge portion of my money.
Saving in fiat has always been a bad business but this is not something people understand because they lack historical perspective, if we see what it took you to buy something one hundreds years ago you can easily see why saving is a waste of time as most likely 99% of the purchasing power of the currency would have been lost, so we need to put our wealth in hard assets that can resits that inflation, it does not matter if you invest in gold, real estate or bitcoin, as long as you avoid having huge amounts of fiat then you will do well in the future.
People don't understand it, but they aren't totally wrong on their goals, because at least those who save in fiat are aiming a long run passive income. They just don't use, as you said, the correct assets to achieve this income and that is where most of them fail, as when they see it's taking too long to accomplish what they have been looking for so many years of hard work they lose hopes, resign and stop trying.

And then we have a population unable to thrive and build wealthy during their lifetime. Even worse is that it's the legacy they pass to the next generations.

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October 01, 2021, 02:37:57 AM
 #77

Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?

Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?


I witnessed the 2008 economic crisis, it was really a nightmare for the global economy. Inflation is so high that the prices of everyday items are skyrocketing, it really has a lot of serious consequences, but from a more positive perspective I think it's just a balancing act. Maybe we won't have to wait too long for this to happen, given the current global situation.

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October 02, 2021, 04:54:20 AM
 #78

To be honest, you can't feel much the effects of inflation until it's obvious, I don't have any fiat savings so I don't feel it that much, my investments on the other hand aren't affected instead they're making me safe against inflation.
True, you will not feel it until a few years have passed and I have been hearing statements like inflation increasing every now and then, in reality it is, but the buzz created to make it seem like a problem seems to be more. On an average, in the last few years prices of things that are in daily need have increased but people cant have any alternative to take except pay for them.

Fiat based investments will face the wrath of inflation too. That does not mean that bitcoin is beyond that, you end up having to convert bitcoin to fiat if the former is not yet accepted in your country.

Cutting down expenses is a good thing - not just for the pandemic but in general. Some spending is necessary to survive, other than that, you should spend money that goes with the amount you are earning - balancing that is the key.

However I would not say that rise in prices would make me reconsider my investments. Those are based on different other logical explanations. Neither does that mean that one should convert everything to crypto because that is a stupid thing to do (all eggs in one basket) and also what I said above about conversion.

R


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October 03, 2021, 07:25:46 PM
 #79

...also something that companies do all the time is that instead of raising their prices as they know people do not like this is that they lower the quality of the product itself or they give you less of it.

True, I noticed that the quality of products these days have been affected, and that all those nutritional information on the packaging of products, now more than ever are not 100% true, some are just written in adequate percentages for show, in reality these companies have reduced the quantity of these nutrients they use because they are being affected by inflation and have to meet up. To show that companies have really been affected to agree to your comment, i have also noticed not just a reduction in quality, but also in the quantity of products.
I have noticed as well and this has been going on since the last world economic crisis that happened in 2007, I know it sounds like a cliche but things are not made in the same way they were made before, now all the stuff you can buy is some cheap junk that breaks at the first opportunity, while stuff that was made decades ago is still working because those products were made to last and even if you abuse the product you can always restore it and it works as if it was new, something really difficult to do with the technology that is being produced today.
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October 04, 2021, 07:04:34 AM
 #80

I have noticed as well and this has been going on since the last world economic crisis that happened in 2007, I know it sounds like a cliche but things are not made in the same way they were made before, now all the stuff you can buy is some cheap junk that breaks at the first opportunity, while stuff that was made decades ago is still working because those products were made to last and even if you abuse the product you can always restore it and it works as if it was new, something really difficult to do with the technology that is being produced today.

Well.. this is strange. But you can't generalize everything. I am using my laptop from Dell for the last 6 years, and so far I haven't faced any issues. The same can be said about refrigerators, washing machines.etc. In fact the refrigerator which I am using is at least 10 years old. But if you are talking about mobile phones, TVs.etc, then I have to agree. The LED TVs don't last for more than 4-5 years. On the other hand, the old CRT televisions used to last 20-25 years without any major issue. But then you need to chose between quality and durability.
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