Financial planners are just as stupid as everyone else. They are just sales reps for Wall Street, central banks, and the Treasury. Most investors who delegate the management of their capital to professional fund managers and investment advisers are likely to suffer a destruction of wealth that could become almost total.
Overall CPI: +8.2% y/y
Core CPI: +6.6%
Gas: +18.2%
Fuel Oil: +58.1%
Electricity: +15.5%
Groceries: +13%
Meat, Poultry, & Fish: +7.7%
Milk: +15.2%
Eggs: +30.5%
Baby Food: +11.8%
Airline Fares: +42.9%
Real Average Hourly Earnings: -3%