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Not a huge surprise, some have been predicting this as a possibility over the last 6 months. Should help my REITs and some of the interest sensitives a little! I figured gold might have gotten a little boost from the announcement but it hasn't so far.
 

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Remember when everyone sold their REITs, utilities and dividend stocks in 2013 because they had to position their portfolios for higher interest rates. I hope this illustrates why you shouldn't make moves based on what the street thinks will happen.
 

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Wow, the rates keep dropping!

It feels like there is a global race to devalue currencies. The easy money keeps on coming.
 

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Well, time to pile into utilities and REITs. Worry about rates rising was the only thing holding me back from increasing my exposure to these great income assets.
 

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I am not that old
It was a generalization. Everyone with money to "save" will get punished to some degree but I'm talking about those in retirement homes, long term care, etc. living year to year, month to month, etc. off of their savings / fixed income - barely making it...
 

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Great... So prudent savers and old people get punished, while reckless 25-40 year olds who overpaid for a house that they couldn't even afford continue to get rewarded?
 

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It was a generalization. Everyone with money to "save" will get punished to some degree but I'm talking about those in retirement homes, long term care, etc. living year to year, month to month, etc. off of their savings / fixed income - barely making it...
OH!

at 54 I am not there yet

Thanks

and

Enjoy your day
 
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