Inflation and New TFSA Limits
Happy New Year! I apologize for not writing lately. I've been busy and had not had time to write anything. Also, there hasn't really been much news to report so I haven't had anything to write about. However, I want to inform you of two things today which would be important going forward. Inflation and new TFSA limits. Inflation Inflation is defined as a general increase in prices and fall in the purchasing value of money. As I have discussed before, the biggest risk we all face since the financial crisis of 2008 is going to be inflation. We all know now that market risk is there (up and down of the stock market). But for the longest time, we've never really had to deal with a lot of inflation since prices were quite stable from 1990 to 2002. We started seeing inflation after gold and oil went up in price. Most of us ignore it, but now it's impossible to ignore. Everything cost a lot more and most things feels like it cost double what it was 10 years ago