In economic terms, inflation is the steady increase of the price of goods and services that accompanies an increase in the supply of currency. The average inflation of a developed country is generally near 2%. This means that if your investments see a 10% gain in a year, you need to account for inflation which reduces it to a 8% gain in today’s dollars.
The major source of economic inflation is today’s fiat money system. Governments around the world can create new money whenever it suits them. They can do that directly, by printing banknotes. Or they can do it indirectly, by allowing central banks to expand their credit by writing cheques on bank accounts whose only asset is the government’s borrowing capacity. Whenever a government creates new money, it increases the potential for inflation in its home country. When the U.S. does it, it increases the potential for worldwide inflation, since the U.S. dollar serves as one of the main assets of central banks around the world.
Our view is that inflation soared in North America in the 1970s and 1980s, partly due to the maturing of the baby boomers. As baby boomers entered the workforce and replaced older workers, they had to be trained in their new jobs. This hurt productivity and spurred businesses to raise prices. As the boomers formed families, they borrowed to buy their first homes, so they were bidding up both real-estate prices and interest rates.
The inflationary effect of their home buying spread out and pushed up prices throughout the economy. There are a number of different investments that aim to offset inflation. This includes real return bonds that pay you a rate of return that is adjusted for inflation. However, we don’t recommend them, unless you are very concerned about inflation.
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MICROSOFT CORP., $435.16, Nasdaq symbol MSFT, remains a buy for aggressive investors.
The company is the world’s largest computer software firm. Its main product is the Windows operating system, which powers about 85% of the world’s personal computers. Its other main product—its Office suite, with its… Read More
Many traditional bricks-and-mortar retailers continue to struggle against the pandemic-spurred onslaught of online shopping and the impact of past inflation on consumer spending. Still, we believe the unique markets of TJX and North West offer you the possibility of strong gains ahead.
THE TJX COMPANIES, $117.25, (New… Read More
ETF investing is one of the best financial innovations of our time but themed ETF investing—including the Dogs of the Dow or the equivalent ETFs on TSX—is a poor investing strategy
Dogs of the Dow, or Dow dogs for short, is not alone, however, with the… Read More
McCormick & Co’s limited 8.5% return over the last five years affirms our “Hold” call. We see better places for you to put your money even though the firm is shifting its focus toward more profitable products.
While the yield is solid, the shares trade at… Read More
Companies that own and operate unique infrastructure assets have characteristics such as stable profits and cash flows that make them attractive to long-term investors. And investors seeking exposure to these assets have several publicly listed options, including ETFs.
Indexes that track the performance of listed infrastructure… Read More
Japan’s population is getting older, and with an average age of 49.5 years, is the oldest population in the world. While people are living longer the fertility rate is declining—women are expected to bear only 1.3 children during their lifetimes.
Given the low fertility rate, the… Read More
The Japanese economy ranks third in the world and hosts some of the most-profitable global corporations.
The economy is, however, facing a declining and rapidly aging population. (See box next page.) Still, an older population also presents opportunities, and Japanese companies are already coming up with… Read More
Here’s what we think about real estate investing in Canada — and it may surprise you
We’re constantly asked about real estate investment in Canada (or investment in Florida real estate, for that matter), and we understand the appeal. Even though today’s house prices still remain… Read More
A: Allegion plc, $135.13, symbol ALLE on New York (Shares outstanding: 87.1 million; Market cap: $11.7 billion; www.allegion.com), sells security products and solutions in 120 countries.
The company is based in Ireland for tax purposes, but it has regional corporate centres in Carmel, Indiana; Brussels, Belgium;… Read More
In an uncertain world and changing markets, investors who want to own gold and silver stocks may find these precious metals ETFs the best choice.
Precious metals like gold and silver stocks dropped, along with stock markets, in March 2020 as the pandemic forced a global… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
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TSI Network does everything possible to prevent unauthorized intrusion to its websites and the alteration, acquisition or misuse of personal information by unauthorized persons. Notably passwords submitted by users of our websites are encrypted using encryption mechanisms. However, TSI Network cautions visitors to its websites that no network, including the Internet, is entirely secure. Accordingly, we cannot be responsible for loss, corruption or unauthorized acquisition of personal information provided to our websites, or for any damages resulting from such loss, corruption or unauthorized acquisition.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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