ackermann t1_j5ill8d wrote
Reply to comment by [deleted] in LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911
Only if you had your money sitting in a checking account, instead of invested somewhere like the stock market. Oh wait… the stock market didn’t do too great last year, that might’ve been worse!
Real estate might’ve been the only investment that did decent.
AnimaLepton t1_j5iq582 wrote
VGSLX (a REIT) also dropped like 25% last year. Individual areas of real estate may have done well, but plenty did poorly with the continued influx of remote work, RTO failures, and higher monetary concerns due to layoffs and fears of a looming recession. By the end of 2022, quite a few residential properties in my area (suburb of a large city) listed at initial sky-high valuations, didn't find any takers, and have been seeing a continuous slow decline while bleeding money in utilities, listing prices, and property taxes.
ackermann t1_j5iqd6j wrote
Hmm, so even with inflation, there weren’t too many places you could park your money, and do better than just leaving it in your checking account? Precious metals maybe? Gold and silver?
At least we bought the maximum of I-bonds. Lol, those were probably our best investment last year, haha
LFH1990 t1_j5j8l73 wrote
The money is always going to exist in someone’s account. So on a societal level we can’t avoid inflation by investments
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