US Dollar, worst investment ever?
Everyone talks about how great the US stock market and S&P 500 (SPX) investments has been for the last 70 years. If we take a different perspective and fix SPX to $1 and show how your dollar bill has actually FALLEN substantially.
full article:
medium.com/dtm-today/us-dollar-worst-investment-ever-27d956f51750
The US dollar is the strongest currency in the world for analog traditional money (atm) and yet every decade it loses more an more of its purchasing power. That one US$ from 1950 has the same purchasing power as US$0.006 today! Yes, that’s LESS THAN 1 PENNY! Investing in SPX is practically required just to stay even (this is not investment advice)!
Just for fun, we can keep going by adding cars, gas, and homes on a logarithmic scale….poor, weak US$ has the 1950 value of only 4 cents for a car, 7 cents for gas, and only 3 cents for a house.
full article:
medium.com/dtm-today/us-dollar-worst-investment-ever-27d956f51750
The US dollar is the strongest currency in the world for analog traditional money (atm) and yet every decade it loses more an more of its purchasing power. That one US$ from 1950 has the same purchasing power as US$0.006 today! Yes, that’s LESS THAN 1 PENNY! Investing in SPX is practically required just to stay even (this is not investment advice)!
Just for fun, we can keep going by adding cars, gas, and homes on a logarithmic scale….poor, weak US$ has the 1950 value of only 4 cents for a car, 7 cents for gas, and only 3 cents for a house.
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