No. of Recommendations: 7
I took a pass on the 5 year TIP that is being offered.
The Gov is offering a 1.125% above inflation. The current regime
will be in office for over 3 of those 5 years, and I have little
confidence that they will not cook the books on inflation stats.
The POTUS already publicly states that ALL PRICES have come down, that
there is NO INFLATION ( except for beef, he uses the skyrocketing price
of beef to justify bailing out Argentina ). My eyes, and wallet
tell me a very different story than the one this administration
is putting out.
I have a percentage of retirement funds in "safe" fixed income.
Just gonna have to live with lower yields, there is no escape that
I can see.
Oh well, return of principal instead of return on principal
will be the theme for now. Inflation will eat away at that
purchasing power, no doubt about it.
