I would start by doing a cash out refinance on your home. Take the 30 year term

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Nov 17, 2021
3:55:34pm

Gente_Boa All-American

I would start by doing a cash out refinance on your home. Take the 30 year term

not 15. And DO NOT PAY IT OFF EARLY. Inflation will naturally eat away at the value of the debt. If you are uncomfortable taking money out or don't know where to put that money then just do a rate & term refi, and again I stress do not pay it off early. Minimum payments each month. But rates are so good right now I'm looking for investment properties as well. Trying to get more of that juicy long term debt.

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Gente_Boa

Bio page: Gente_Boa
Joined: May 6, 2013
Last login: May 3, 2024
Total posts: 4,422 (19 FO)

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Messages

Author

Time

Inflation is not going to get better anytime soon

Gente_Boa

11/17/21 3:45pm

Perhaps some more sternly written letters will help matters...

VACOUGFAN

11/17/21 3:48pm

We can ask the Saudis to open up the spigots, or Iran since we are friends again

jrifkin48

11/17/21 3:59pm

The best way to protect yourself from inflation is to borrow a lot of money

kimdaddy35

11/17/21 3:49pm

Or invest in appreciating assets

whoneedscorners?

11/17/21 3:49pm

Do this with borrowed money!

Gente_Boa

11/17/21 3:50pm

About 1% of Americans understand this, which means there’s no political pressure

Memmo

11/17/21 3:49pm

From the OP's post, I don't think he has a solid understanding of how it works

byuguns55

11/17/21 3:50pm

I understand exactly what the Fed can do, I'm saying they won't. too much

Gente_Boa

11/17/21 4:01pm

Understood...by what kind of political influence would be affecting the Fed at

byuguns55

11/17/21 4:03pm

I would argue their job should never have been to make sure the economy stays

Gente_Boa

11/17/21 4:07pm

The national debt is racist and should be cancelled.

Cougarclaw

11/17/21 3:49pm

Lol. Yes, it's racist. Food and gas prices too. Should be free! Lol

cougar95

11/17/21 5:13pm

The alternatives to it getting better aren't good

whoneedscorners?

11/17/21 3:49pm

I don't think you quite understand what the fed can and cannot do.

byuguns55

11/17/21 3:49pm

I agree. But the Fed will not raise rates enough because it is too big of a

Gente_Boa

11/17/21 3:53pm

I disagree...the Fed will do what is required in order to keep the monetary

byuguns55

11/17/21 4:00pm

You have more faith in the Fed than I do.

Gente_Boa

11/17/21 4:04pm

This isn't true at all. Fed has to balance not shutting down the economy with

11/17/21 4:29pm

You’re both right. What nobody is talking about is our future taxes to pay for

Big Daddy D

11/17/21 4:33pm

For the dummies (not me of course) what steps could be taken for protection?

rcbyufan

11/17/21 3:49pm

I would start by doing a cash out refinance on your home. Take the 30 year term

Gente_Boa

11/17/21 3:55pm

So. What you’re saying is inflation is natural correction

Future_Tacos

11/17/21 3:55pm

Not what I said. Inflation is a direct result of too much money chasing too few

Gente_Boa

11/17/21 3:57pm

So what you’re saying is

Future_Tacos

11/17/21 4:06pm

*Jim Kearl has entered the chat*

StickyBumps

11/17/21 4:13pm

An increase in M1

Nat Gas Man

11/17/21 4:31pm

So what steps would one take to protect yourself from inflation?

mudpupper

11/17/21 4:07pm

simple terms don't hold a large amount of cash in the bank.

Gente_Boa

11/17/21 4:08pm

Going long on mortgages is a good idea (refi), Careful buying at these prices 😕

grosven

11/17/21 4:23pm

Biden is the worst. What a dummy. The only good thing about Biden is that he is

11/17/21 4:15pm

You might be surprised.

basman

11/17/21 4:21pm

They are going to choose the monetary/debt reset option and blame all us for being irresponsible. Not hyperinflate. Not

mokelembembe

11/17/21 4:21pm

Are you suggesting the US will default on debt and devalue currency?

Big Daddy D

11/17/21 4:36pm

Not Default. The G20/Davos crowd will all get together and agree to make debt go poof in exchange for some big shifts...

mokelembembe

11/17/21 4:51pm

There hasn’t been a jubilee in a long time. Used to be a thing

Nat Gas Man

11/17/21 4:55pm

How is that not defaulting?

PROBcoug

11/17/21 6:32pm

Interesting. I could envision that but imagine all the lawsuits from investors

Big Daddy D

11/17/21 7:32pm

Inflation everything is certainly the boogey man front and center right now

grosven

11/17/21 4:22pm

TLDR - I think Deflation is likely as early as next year.

grosven

11/17/21 4:27pm

You completely ignore fed and legislative policy.

Backcountry

11/17/21 4:30pm

What of the 6 points do you not agree with? I think QE is deflationary.

grosven

11/17/21 4:38pm

RE: What of the 6 points do you not agree with? I think QE is deflationary.

Gente_Boa

11/17/21 9:39pm

The Peter Schiff scenario

Backcountry

11/17/21 4:23pm

He is pretty much always bearish.

grosven

11/17/21 4:24pm

He is just early

Big Daddy D

11/17/21 7:33pm

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