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Old 11-25-2009, 04:20 PM   #21
Thinks s/he gets paid by the post
Join Date: Aug 2006
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My point in citing the comic book prices was not to show something that was increasing faster than CPI, although they did.

My point was that there was rapid inflation during the 70s. Many consumer product prices mirrored that increase.

If you track to CPI, something that cost $1.00 in 1968 cost $2.87 in 1983.

That is a massive erosion in buying power, and no amount of rationalization by Dominguez can change that.

People who do not have a plan to deal with inflation will be in bad shape if we hit a patch like the 70s again.

I would not be willing to enter early retirement without owning something that has the potential to offset some of that erosion, be it stocks, real estate, gold, or high grade rare comic books

My asset class of choice for this is stocks, but I'm open to other options.

Originally Posted by ejman View Post
You are absolutely right, there are plenty of examples of items that have gone up at considerably higher rates than the CPI.

There are also many examples of items that have decreased in price over long time periods, primarily technology driven I would guess although commodities seem to get into long term price cycles too.

If one's must have's include items that are going up in price rapidly then obviously, one better account for that in ER when it's harder to increase income.

With that in mind I was just simply amazed at my own expenditures record because I'd never looked at it over the years and I just expected that it would reflect a lot of inflation and it hadn't
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