Inflation rises to 2.9 in May

[@ellaaysun6181]

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

[@aydin6219]

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[@aydin6219]

@Tatomwyett her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@ohmakure4716]

Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I'm stoked because I'm heading into retirement with almost a million bucks in my portfolio.

[@tinsleyLuna]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich

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[@VanChuong-on2gh]

Lucia Alicia Cruz is my FA, simply do due diligence . You'd find necessary details online to work with and set up an appointment.

[@Cynthia-mm1cv]

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[@AlexisChantellle]

It's refreshing to hear facts free of all the nonsense, and I heartily suggest this podcast to friends who are attempting to manage their money

[@barbarah-l6i]

Find equities with market-beating yields or shares that at least keep up with the market over time. To develop a successful long-term strategy, consult with a broker or financial advisor.

[@DylanScott130]

It's true. With the assistance of a financial planner, my portfolio was diversified across many markets, resulting in a net profit of over one million dollars from high dividend yield bonds, ETFs, and stocks. It's critical that you have a range of experiences, including with companies that are actively making money.

[@RobertVega2]

Who is this planner you work with?

[@DylanScott130]

Layan Talia Chokr. You are most likely to find more info when you look her up

[@RobertVega2]

My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.

[@jasonplante191]

Groceries have gone up 100 percent since 2019. The cpi is a joke it's fake. The question is why did they change the way they calculated cpi from the 1980 to a different way now.

[@jasperalberts7647]

Most notably the original definition of inflation was changed from “excess money supply (printing)” to “price levels using a basket”. How convenient.

[@TheRecurrence]

It certainly isn't fake although you may disagree with their product selections.

[@nairnbaker7385]

Oh no. Prices aren't coming down they just slowed on the rising of the prices.

[@jasonplante191]

@@TheRecurrence Google has the cpi change since 1980. Go down to is the cpi being manipulated hit that drop down. It says if u run today's data with the way the old way u will find that it nearly doubles way the gov is reporting. Now why would they do that

[@joshdoddadbod]

I was talking about this with my wife yesterday. Most things now cost double (or more) than they used to.3anwhile wages have done diddly squat. It's gonna be a rough decade for us.

[@bernadofelix]

News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.

[@Michaelparker12]

It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@hersdera]

I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.

[@SandraDave.]

Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.

[@hersdera]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@berniceburgos-]

I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.

[@leeeduncan]

Inflation use to be measured annually.. now it's monthly.. and they still need to lie.

[@RobOfTheNorth2001]

It’s measured and reported both annually and monthly. We only hear about it monthly on the news when it’s important.

[@Lpmeff]

lots of places in looked at each day and some places you pay before you eat

[@orestpochodaj5926]

Has any one connected the dots that it's the carbon tax ticking prices higher!!! It takes time to digest it's impact.

[@davidshen6834]

As people renew their mortgage to 2-3x people have to blood and sweat for it, how can coi drop from that prospective

[@Marcus-ss4gn]

Good. Many people SHOULD default. It was all fun and games, making %40 profits over other people's backs, using BORROWED money from the banks right? Free money times should END, and we need to keep the rates HIGH for a long time in order to allow the housing prices to CORRECT. It is ridiculous, money was so cheap people started bidding wars, outbidding each other by hundreds of thousands of dollars by using BORROWED money. Canada has a big productivity problem because nobody is investing in businesses, all the money is going to concrete and houses, creating a housing hell while taking the much needed capital from the businesses and tech. Investors SHOULD LOSE money from their real estate investments, and lose a lot of it, if we are to save Canada from this hell.

[@clydedufffyaway]

How does Macklem still have a job in today’s economy? We’ve been in a per capita depression in Canada for two years… not a recession. We never recovered from 2008.

[@meh4770]

Macklem doesn't care about that and he shouldn't be held responsible for a shrinking economy...that's Trudeau's job and he is failing miserably.

[@TheRecurrence]

Do you know what Macklem's job even is?

[@JessT-vg7ib]

What does Macklem have to do with anything? He's just following the data. If you had anyone else in there they would do the exact same thing.

[@GETLITUP69]

This comment doesn't make sense. Are saying interest rates need to hold and not go down.

[@freedomlife3623]

What credential do you have? Should we name you BoC chief?

[@tommya5957]

Oh please it never went down and even 2.9 is a fudged number. Give me a break.

[@Butterfly-rd4je]

There is always something Groceries going down reallly no way cause just paid more than usually 😮😮😮 Seeing these is crazy....nothing has really changed. Canadian dollar has been down for a long time never seen it over 78. Interest rate cut is not much .......solution is needed🧐🧐

[@ac-xc1it]

And they just cut interest rate. What a bunch of clown.

[@BowtieJDP]

July rate cut is the wrong move. I don’t want to pay high interest but we have to keep inflation down and ensure the dollar remains at relative value to other currencies.

[@YahyaMarei]

Something is going wrong, he said, of course, cutting rate was error, corruption and to please politicians, if rate donit increase, and people feel the pain, we will stay as we are

[@CamachoDickson]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

[@copycat769]

Bank of Canada will fail this year when GameStop goes above 70$

[@Dr-StanleyLouis]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Maria Thorne..

[@MCBC_5]

we have to cool our jets a little bit is this guy for real??

[@seanyoung5397]

Time to raise rates again.

[@pinkcichlid]

No rate cut for you! Next!

[@SalamNaser-c6h]

Next month will be 3.2

[@rishi505]

justin T Worse PM. Unlimted refugees and students . Shame

[@twinsiesyt]

May 2023 CPI dropped a lot, therefore May 2024 is supposed to be a bit high. Nothing to see here. The trend is the same. 2.9% is really good number. I was expecting 3.0%.

[@lukemoloney1113]

Is that you Freeland ? 😂

[@APICSKH]

Okay rate cut for you, guaranteed. Everyone else will pay more than you, happy?

[@mastergc9094]

Then why was BoC expecting 2.6?

[@tylerclayton6081]

@@lukemoloney1113 3% inflation isn’t a high inflation rate. I think we should keep it at 3%. It encourages greater spending and thus increases economic growth and economic activity Most economists recommend a 2% or 3% inflation rate to be the perfect level. 2% is better for the people and 3% is better for the country’s economic growth Too low of an inflation can result in Japanification of the economy. Search up the term. But low inflation or deflation leads to economic stagnation and wage stagnation. Japan’s economy literally hasn’t grown in 30 years because of deflation and low inflation

[@thetwosticks2479]

You all are liars. We can figure out inflation ourselves. It is at least 8-9 percent

[@dev4statingx90]

LMAO!

[@lesliegweir]

Our economy depends a lot on the real estate market and right now it's not great! We need another rate cut.

[@lukemoloney1113]

Wrong !

[@APICSKH]

Okay back to 0%. Happy?

[@JessT-vg7ib]

Praise Allah...I love higher inflation.