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MrBayAreaHokie

Joined: 11/05/2005 Posts: 21888
Likes: 10764


He didn't say why she wanted the money in 18 months


but if she is saving for a house downpayment and wants to buy, she might be DOA, as she might lose a ton of purchasing power by then.

Anyone in cash is losing a lot right now. This isn't going to stop any time soon. The next round of 1,400 payments is going to make asset prices goose up big time.

You should think long and hard about your definition of losing money. If you have $10K, and everyone else has $10K, then that's your base. If in 18 months, you have $10K but everyone else has $12K, you got poorer. Wealth is relative, not absolute.



(In response to this post by Hokie360)

Posted: 02/11/2021 at 11:35AM



+1

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