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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76238  
Subject: Re: Annuities Date: 6/13/2013 12:33 PM
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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.

</snip>


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

intersct
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