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[SpeedDialer]

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.

[Medium Drink Of Water]

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.

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

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.

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.

[SpeedDialer]

"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?

[SpeedDialer]

"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

[Medium Drink Of Water]

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.

[LL2022]

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.

[Medium Drink Of Water]

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.

[SpeedDialer]

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?

[SpeedDialer]

" 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?

[Medium Drink Of Water]

Aside 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.

What 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.

[Medium Drink Of Water]

Also, steer clear of the market due to omicron panic.  Nothing good will come of it if you invest now.

Never mind this.  I just realised SARK finally came out a three weeks ago and it's already up 20%.  Buy* SARK.

*This is not financial advice.  Please consider your financial situation and risk tolerance and consult with a financial professional regarding your individual needs.

[Medium Drink Of Water]

I just realised SARK finally came out a three weeks ago and it's already up 20%.

Make that 26%.

[HateLAPELoveSTEM]

I think it does not at present but it will in the future.
Hope this fking pandemic can be smashed asap cuz I gotta move out for USA for LL and if USA was still being screwed up due to COVID-19 then I can't accomplish my plan.

[Medium Drink Of Water]

Make that 26%.

Update: 50%.

[zaozari]

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.

Inflation in Europe is currently relatively low. Plus, "inflation" in LL direct cost is generally not linked to general consumer inflation.
I would be more concerned with variations in exchange rates between USD and Euro (not Turkish lira or whatever other currency).
Regarding investments, altough people are loosing money in saving accounts with returns like infinitesimal 0,1% versus eg 2% inflation, my advise, if we are doing LL in the near future, is not taking risks.

[HateLAPELoveSTEM]

Inflation in Europe is currently relatively low. Plus, "inflation" in LL direct cost is generally not linked to general consumer inflation.
I would be more concerned with variations in exchange rates between USD and Euro (not Turkish lira or whatever other currency).
Regarding investments, altough people are loosing money in saving accounts with returns like infinitesimal 0,1% versus eg 2% inflation, my advise, if we are doing LL in the near future, is not taking risks.

It's one of the principles of fundamental economics. When the demand of consumer is increasing, the price will simultaneously increase thereof. So of course LL cost is linked to the general inflation of consumptions.
As for the flexibility of exchange rates, lately RMB is said to be the dominated currency even among the Europe. So I think now that I am Chinese, in the future I can do LL at lower costs.

[zaozari]

Inflation in Europe is currently relatively low. Plus, "inflation" in LL direct cost is generally not linked to general consumer inflation.
I would be more concerned with variations in exchange rates between USD and Euro (not Turkish lira or whatever other currency).
Regarding investments, altough people are loosing money in saving accounts with returns like infinitesimal 0,1% versus eg 2% inflation, my advise, if we are doing LL in the near future, is not taking risks.

Not "relatively low inflation" anymore.... A new war, this time in Europe, true or false supply changes, and speculative companies and economies around the world have brought inflation back. Let's hope at least this doesn't reflect also directly in CLL costs...

[HeightGain]

The yuan has persistently devalued against other major currencies to maintain a competitive advantage to sell manufactured goods. I can't see this changing long term

[SpeedDialer]

How has the economic situation of the world affected your decisions?

Right now USD is pretty strong compared to the Euro, which helps me out.

On the other hand, all the living costs in Greece are going up in general which is bad.

Interest rates being so low is bad -> I get jack crap on my USA savings account

The SEC is shutting down crypto interest accounts for non-rich USA users

There is defi in crypto but I am a little bit afraid of it

I'm at wits end and am a bit worried about my original plans to do a second LL on tibias in 1-2 years if inflation gets worth. I paid for internal femurs but haven't gone to Athens yet and have about 90K USD left. What might you do?

Parihar is not much cheaper than Giotikas now for precise 2 unfortunately, though India living expenses are less (somewhat offset by higher ticket flight price and I'd have to pay for travel vaccines out of pocket)