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Subject:  Re: Annuities Date:  6/13/2013  12:33 PM
Author:  intercst Number:  72486 of 88058

TwoCybers writes,

.....Somebody's transportation method has been lost. They never did any driving and don't know the difference between an Indy Racer, a Hummer or a Prius -- all of which are automobiles. Some person has just recommended purchase of Chevy Suburban or a never buying a car and depending on public transportation & Taxis.

The Suburban could be great if the person owned horses and large dogs -- think hauling a horse trailer. It could be a disaster if the individual lived in Manhattan or South Boston. Similarly in rural Kansas there is not a lot of public transit and maybe few taxis.

One reason to be very careful is the potential for inflation is great in the next couple of decades. I would not be surprised to see gasoline at $10 a gallon and hamburger at $12 a pound in 20 years. Anybody making investment decisions today that does not seriously consider inflation risk in my mind is a fool.


If it comes to that, the guy in your example will have to sell the Suburban and eat the dogs.

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