Wait for Said Correction and buy Calls, Puts or Selling Calls are counter trend, to many have screwed this up.
The UK was using TV's which the price of was falling to keep inflation down, which is fair cause I sometimes buy 2 TV's a week LOL
Official UK inflation is 2.8% since 2000. About 75% compounded. This isnt far off from what i am seeing in my cost living. However house prices and stock prices have far exceeded 75%. Which sucks if you want to buy a house, although interest rates are much lower so if you are buying with a mortgage your monthly payments are probably inline with inflation as well. eg. If the mortgage payment on my house was £1000 a month in 2000 it might be £2000 for someone who bought it today, even though the house has gone up 400% in value. But they would need a 400% bigger deposit, hard to get away from that one unless its zero % down mortgage but those are rare these days.
Last few years everything seems more than 2.8% inflated, do my shopping at Aldi these days rather than Sainsbury's economizing. Mortgages are cheap till they put interest rates up, then house price crash as everyone gets evicted, but been saying that for 15years no rise, I remeber 4% base, 6% all in 21 years back when I bought this cheap 37k house, hit 120k since, no idea on current value some say 80k some say 130k so??? Don't care!
Oh man, inflation really has pushed you into property if you are now food shopping at Aldi, that is where the benefit claiming underclass (trailer trash) go to do their shopping, lol. Im just joking, its good to be frugal
More Lockdowns and 25years as a IT Consultant is well gone, SKINT, trying to live off full time day trader and we all know how great that goes. 25p for a pack of ginger nuts, they just taste better cause there pretty much free and can by 4 packs for the price at 1 at Tesco's
I feel your pain. College friend lived with parents for 20 years after college as an IT contractor saved £2 million after tax with no expenses as he was living at home. He did eventually move out. But he will get the £600K house soon anyway as well as he is an only child. Rest of us not so fortunate and have to deal with real world living expenses that eat more and more of our income every year.
Wish I'd of stayed at home, left when I was 28, barely there chasing skirt around the country, climbing mountains, having fun £20 per week, had a nice car these days just bills and bills Mates boss, lost a tatty tesco's bag in there house somewhere, it had £40K in it, just lying around in a old tesco's 20p bag, wtf, lucky bastards, found it obviously.
Elon Musk makes other people rich too! https://www.cnbc.com/2021/01/08/elo...p-signal-advance-stock-jumps-1100percent.html