Has inflation or new covid variant affected your LL plans? What would you do?

My current plan is to do a consultation with Giotikas in late Spring then do surgery with him in the fall. Unsure how things might play out.

The very small APY of most bank accounts is not really helping. Don't want to put that money into stocks because afraid of volatility.

I'll be able to get a third covid shot before I go, and I hope it helps for new variants like omega.

Quote from: SpeedDialer on November 27, 2021, 06:49:20 PMMy current plan is to do a consultation with Giotikas in late Spring then do surgery with him in the fall. Unsure how things might play out.

What's your home currency?  Maybe convert it to Euros now if yours is going to inflate a lot.

QuoteThe very small APY of most bank accounts is not really helping. Don't want to put that money into stocks because afraid of volatility.

Hey, I doubled my money in six months due to that volatility.  Be smart about when to buy and when to sell and you can do extremely well.

"Hey, I doubled my money in six months due to that volatility.  Be smart about when to buy and when to sell and you can do extremely well."

I am just learning about investing now. Until now, I've put my money in things like treasury bonds, CDs, savings accounts etc to just get a tiny bit of return b/c I had no idea how investing worked until a month or two ago. I will probably do LL next fall. Not much time, so I imagine for now it is back to shoving the 150k USD I have into series I bonds, savings accounts, and a tiny bit in crypto stablecoin savings accounts. What would you do?

Not sure how much I need liquid for Giotikas in total to be safe, maybe like 70 K USD of it to stay in savings accounts? What would you do?

"Hey, I doubled my money in six months due to that volatility.  Be smart about when to buy and when to sell and you can do extremely well."

My home currency is USD

USD seems to be doing better than other currencies now, so I think you should leave it here.

Also, steer clear of the market due to omicron panic.  Nothing good will come of it if you invest now.  Cramer has been recommending American Eagle Outfitters because they just reported a fantastic 3rd quarter, but got some splash damage from the gap's poor quarter on the same day and actually went down.  Now it's getting dragged down by omicron panic too.  You might want to investigate that one once the chicken littles have calmed down.

I thought the consensus was to do the opposite of whatever Jim "Shill" Cramer does haha. Investing has actually made it possible for a 21 year old like me to get the surgery half a decade earlier than I anticipated, much thanks to buying the dip in the broader markets last year. My philosphy is "you cannot afford anything unless you can buy it twice" so I'm still saving up and planning to do it next year. I'm especially interested in Turkey right now coz of the incredible weak Turkish Lira.

There is no consensus in the market whatsoever.

Cramer's all right, but definitely do your own research on anything anyone says.  People follow him so whatever he recommends will sometimes get a quick bump you can sell for a short-term gain.  His Morgan Stanley recommendation last week got me a nice, quick 3% on a low-risk stock.  He's seen a lot over the years, so especially for a 21 year-old it's good to get an older analyst's tips.

Aside from food, what things LLers need are most hit by inflation and are things they can do something about?

What would you recommend I do when I go to Greece if I'm worried about inflation?

" I'm especially interested in Turkey right now coz of the incredible weak Turkish Lira. "

I heard about this. I wonder though- they usually just charge foreigners for cosmetic operations (hair transplants, etc) in Euros though right? Has the Turkish Lira crash really affected things?

Quote from: SpeedDialer on December 01, 2021, 11:33:55 PMAside from food, what things LLers need are most hit by inflation and are things they can do something about?

Everything since the doctor/hospital can raise their prices to cover 100% of the inflation they are subject to.

QuoteWhat would you recommend I do when I go to Greece if I'm worried about inflation?

Keep USD and only exchange money when you need it.