ᑭᖇOᗰOᔕᗰ 🌺

The Market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Hilder Ferguson. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits

Thanks for all you do. Here's my problem, i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market…

Can anyone help me out or at least advise me on what to do?

LBI! I lived in Ocean County, NJ for 11 years.

Well, that’s the whole purpose of increasing interest rate, so people will spend less. Then inflation will go down. Just simple economic cycle, why people complain so much. Friend of mine told me his first mortgage was 20% in 80’s, now that’s scary. But he still manage to pay off his mortgage.

Each year the basket contents can change but it should ALWAYS include items people buy the most. Milk, eggs, gasoline, electricity, bottled water, chicken, beef, toilet paper, bread, peanut butter, lumber, etc… ALL easy to track. It gets more difficult with technology but it's possible since there is always a particular item that has sold for years with little technological change. Count me as one of the people who believes the numbers are being skewed. If you track things that the average American buys every week the CPI would be MUCH higher.

A little disappointed. I was hoping at the end of the video he would say, “ no, inflation is more like 25%”

My family is in LBI till tomorrow. About 40+ relatives ANF friends all rent in same area of beachaven and we have a blast.great familia spot.affordable

You conservatives always say this when a liberal is in office.

Great info. Watching your videos while practicing piano with my pups. Thanks for sharing your knowledge. Blessings from Florida.

I judge inflation by the things I buy everyday. Fuel, food and parts and products to run my business. The CPI is ridiculously low. The things I buy are all up by more than double the CPI.

Energy prices affect every aspect of modern society. If oil goes up, diesel for farmers and delivery trucks goes up and everything else goes up. The other effect is politician stealing and spending our money like drunken sailors. My apology to drunken sailors for comparing them to politicians.

Please do a vid on why 99% of the restaurants on LBI suck And are overpriced!!

One of the things I watch for is “shrinkflation”. Where the manufacturer changes the size of the container but keeps the price the same. Gatorade is one of many companies doing this. When I see this, I boycott the product.

For crybabies facts dont matter. Crybabies will argue that CPI numbers are a "government conspiracy" without providing any evidence. Facts matter little to the uniformed.

A key indicator is the price of copper as listed on the LME

BTW, I can get a sirloin steak to taste really good

Inflation: rent, tuition, fresh food, restaurant prices, gas (of course).

Once again Geoff's video is completely overwhelmed by spam bots posting about supposedly genius investors who can help you. Sad. I've reported them all.

Fuel costs, coupled with fuel costs, and higher fuel costs, will hurt your pocketbook more than anything else.
Food is delivered by truck to a store where it is picked up and delivered to your home, by you or by a delivery service.
Prior to hitting the grocery store shelves that food is transported by trucks from California to New York on a truck or by rail.
Prior to shipment that food is planted or grown by a farmer or a ranch. Growing food requires diesel fuel and fertilizer, both of which are delivered to the farm via truck or rail.
Higher wages(remember how fast food employees "need" $15 an hour?) are reflected in everything you buy because a person touches it all before you get it.
My personal guess is that actual inflation is probably closer to 13%.

I use the Dollar Tree inflation. What used to be $1.08 with tax is now $1.35

Most people can simply go back one year in thier bank account and look at each item: groceries, utilities, fuel, etc. Compare the numbers year over year and also look at your income. By doing this, you can see how inflation has affected you personally. You will be surprised.

I think most Americans simply measure inflation by their own cost of living, basically the cost of gas and groceries. And, that's why most people think that CPI estimates are too low.

Thank you Schmidty

Hello Geoffrey! Love your Youtube channel! I use only those items I NEED to purchase for my inflation index: heating oil, gasoline, electricity, water, as well as home and auto insurance (which keep doing up double digits each year!) Food is going up, but I cut back on eating and also buy cheaper food — and I live from my garden for a few months each year — to reduce food costs. Americans in general, could eat less and NEVER dine out, which is what I do, to save a LOT of money.

Switching brands is irrelevant. Coke going up 20% means store brand goes up 20%. The argument about brand switching is flawed and a tool used by nefarious players to manipulate the public and wrongly justify lower CPI and COL adjustments.

What better time to look at your expenditures and start slashing? Turn this into an opportunity.

Retired at beginning of the year at 61. Had put it off during pandemic for a year. Think major part of inflation is due to demand and wage increases that have happened to get people to work. Almost every employer in our area has openings and has raised wages in past year along with hiring bonuses. Cost of that is passed on to consumer.

As a four-year retiree the only two things that I can think of that affect my inflation thinking is gas and groceries. This year I have bumped up my monthly food budget from $350 to now $410 and my gasoline budget from $125 to $160. Other issues such as my home owners insurance and property tax increases for 2023 will be seen closer to the end of the year. One thing, gasoline is dropping currently below $4 a gallon here in Houston. But having worked for over 30 years in the Texas oil & gas industry I am very well aware of the cyclical nature of the pricing.

Inflation exists and always will. 2-4% yearly inflation is common. However, this year it is higher, most likely because of all the stimulus checks printed out and now we are paying for it. But who knows? One thing I've noticed during many years of recessions and/or high inflation, prices never come back down. People get a second job or cut back or do without and things seem to equalize then there is another jump in costs.

The best way I have to measure inflation is my budget. As it is broken down into a number of common expense groups (utilities, taxes and insurance, house maintenance, groceries, medical/prescription, automotive, entertainment, etc), it is easy to see when expenses get higher in a category… especially when they exceed the budgeted total for a category. The budget it set to “first of month” allocations, in other words all the funds for July’s expenses are in each account on July 1st, and deposits made in July will be for August. This makes it instantly apparent (even if you’re not watching as you should) if June expenses exceeded the budget. This also makes it possible to backtrack months, or years, in the past to chart changes or (as can be the case) where you simply overspent.

Since the pandemic began, most of the “leeway” in my budget has been consumed, and instead of each account growing a marginal buffer, they are breaking even or going down. There are a couple of savings based accounts in the budget, and if inflation continues, a rebalancing of accounts (with lower savings) will be necessary. Inflation is definitely affecting my financial situation in a negative manner.

The impact of Inflation is tied to how much you purchase a product in a month. Outside of California the rest of the country uses regular gas as recommended by most car makers. Let's take a state like Texas, gas in 2021 was $2.75/gal or on a 20 gal fill-up would be $55, times 4 times a month would be $220 per month. In 2022 gas is running at $4.56, or $91.20 a tank fill-up times 4 fill-ups equals $364.48 per month. The difference is $144.80. The prices I came up with are from "Gas Buddy" average. NOW I don't eat steak 5 times a week but I do have to drive to work and grocery stores, so I cannot escape my use of gas.

If the same metrics used in 1981-1982 were used today, the inflation rate would be much higher.

I've never been to LBI, even though I grew up in NJ (Long Hill County).

Since I retired, I only wear a suit for weddings and funerals! 😀

Another great presentation. Interesting thoughts. I would think consistency would be paramount. But, in the end what we buy is greatly influenced by inflationary pressures. It’s hi. And we all know it. And your point about our mix of purchases change as prices increase is very real. We find ourselves buying less high end beef, more chicken, less restaurants etc. really pay attention to sales. I believe much of this is a result of changes in oil realities. Our energy policy needs to take into consideration the reality of our economic lives. Don’t think it is. Other influences obviously, but we have enjoyed producing much of our own oil for decades, and changing that will and has affected our economic condition.

I enjoy each of your videos so I want to say thank you. I too, love LBI, and have very fond memories of many vacations and also day trips when I was a senior in high school. It was our “go to” shore place. As far as inflation I have seen some family members hit more than others. As for myself, I am positioned pretty well but have changed some of my grocery store habits and thinking before getting in the car as to how to preserve gas. My next vehicle will be electric. I look forward to future videos and have a great time in LBI!