It looks like 2021 may become the year of the short squeeze. It started out with
GameStop stock back in January, when the company had a rise and fall of epic proportions. Then it was
BlackBerry stock not once, but
twice first back in January and then again over the last few weeks. Other companies have been victims to the short squeeze. And what did they have in common? Reddit.
Yes, the social news aggregate seems to be paving the way for the next stock set to soar. It has many investors scouring the investment pages, looking to see which company will be recommended next. And it’s clear to see why.
Australian Unity called the Canadian suitor’s efforts to highlight the increases in its offers ‘meaningless’ as earlier proposals had ‘materially undervalued’ the healthcare real estate fund.
By now we’ve all heard the story about inflation: “Sure, prices will rise, but your salary will rise too, so it’s nothing to be concerned about.” Indeed, mild to moderate inflation can be healthy, a sign of economic growth. But there’s one group of people who do tend to get hit hard by inflation:
Retirees.
Many retirees live on fixed incomes. Specifically, pensions that are not indexed to inflation. Canada’s CPP is inflation-indexed, but it doesn’t pay much. Many employer-sponsored pension plans simply pay a set amount per year. Typically, it’s a percentage of a person’s best few earnings years. For people earning a fixed salary for the rest of their lives, inflation is a daunting prospect. In this article, I’ll explore the effect that inflation has on retirees–and what can be done about it.