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What's the best time to start investing?
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What is inflation and how does it work?
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What should I invest $10'000 in?
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<main class="page__main">
<article class="page__article">
<header class="page__article-header">
<h1 class="page__article-header-text">
Frequently Asked Questions
</h1>
</header>
<div class="page__accordion">
<h2 class="page__section-header">
What's the best time to start investing?
</h2>
<div>
<p class="page__section-paragraph">
The best time to start investing is now. The sooner you start, the more time you have to take
advantage of
the <span class="page__bold-text">power of compounding</span>. The longer you invest, the
more time your money has to grow.
</p>
<p class="page__section-paragraph">
Important note: first you need to <span class="page__bold-text">get rid of your debt</span>. If
you
have any debt, pay it off first, then build up your emergency fund, and then start investing.
</p>
</div>
<h2 class="page__section-header">
What should I invest $10'000 in?
</h2>
<div>
<p class="page__section-paragraph">
Well, it depends. First, you should create a strategy, think about your goals, and then invest
according to your strategy. Start with emergency fund, then build your financial cushion, then
invest in your long-term portfolio. If you want take more risk - consider creating offensive
portfolio.
</p>
<p class="page__section-paragraph">
Important note: first you need to <span class="page__bold-text">get rid of your debt</span>. If
you
have any debt, pay it off first, then build up your emergency fund, and then start investing.
</p>
</div>
</div>
<!-- <section class="page__section" id="whats-the-best-time-to-start-investing">
<h2 class="page__section-header">
What's the best time to start investing?
</h2>
<p class="page__section-paragraph">
The best time to start investing is now. The sooner you start, the more time you have to take
advantage of
the <span class="page__bold-text">power of compounding</span>. The longer you invest, the
more time your money has to grow.
</p>
<p class="page__section-paragraph">
Important note: first you need to <span class="page__bold-text">get rid of your debt</span>. If you
have any debt, pay it off first, then build up your emergency fund, and then start investing.
</p>
</section> -->
<section class="page__section" id="what-is-inflation-and-how-does-it-work">
<h2 class="page__section-header">
What is inflation and how does it work?
</h2>
<p class="page__section-paragraph">
Inflation is the rate at which the general level of prices for goods and services is rising and,
subsequently, the purchasing power of currency is falling. Inflation is a hidden tax that erodes
your purchasing power. It is important to understand that inflation is not a one-time event. It
is a continuous process that occurs over time.
</p>
<p class="page__section-paragraph">
Polish central bank (Narodowy Bank Polski) has set the inflation target at 2.5%, which in long run
(20 years)
seems to be maintained.
</p>
<p class="page__section-paragraph">
Check out how very high inflation affects products' prices over the years. The inicial price is $100
and we assume inflation of 17.9% per year (October inflation value recorded in Poland).
</p>
<div class="page__image-wrapper">
<img src="./resources/images/inflation-over-time.png" class="page__image"
alt="Chart presentig effects of high infaltion rates">
</div>
<table class="table">
<thead class="table__head">
<tr class="table__row">
<th scope="col">Year</th>
<th scope="col">Price</th>
<th scope="col">Inflation rate that year</th>
<th scope="col">Cumulative inflation</th>
</tr>
</thead>
<tbody class="table__body">
<tr class="table__row">
<th scope="row" class="table__cell">1</th>
<td class="table__cell">$100</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">100.00%</td>
</tr>
<tr>
<th scope="row" class="table__cell">2</th>
<td class="table__cell">$117.90</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">117.90%</td>
</tr>
<tr>
<th scope="row" class="table__cell">3</th>
<td class="table__cell">$139.00</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">139.00%</td>
</tr>
<tr>
<th scope="row" class="table__cell">4</th>
<td class="table__cell">$163.89</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">163.89%</td>
</tr>
<tr>
<th scope="row" class="table__cell">5</th>
<td class="table__cell">$193.22</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">193.22%</td>
</tr>
<tr>
<th scope="row" class="table__cell">6</th>
<td class="table__cell">$227.81</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">227.81%</td>
</tr>
<tr>
<th scope="row" class="table__cell">7</th>
<td class="table__cell">$268.59</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">268.59%</td>
</tr>
<tr>
<th scope="row" class="table__cell">8</th>
<td class="table__cell">$316.66</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">316.66%</td>
</tr>
<tr>
<th scope="row" class="table__cell">9</th>
<td class="table__cell">$373.35</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">373.35%</td>
</tr>
<tr>
<th scope="row" class="table__cell">10</th>
<td class="table__cell">$440.17</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">440.17%</td>
</tr>
<tr class="table__row">
<th scope="row" class="table__cell">11</th>
<td class="table__cell">$518.96</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">518.96%</td>
</tr>
<tr>
<th scope="row" class="table__cell">12</th>
<td class="table__cell">$611.86</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">611.86%</td>
</tr>
<tr>
<th scope="row" class="table__cell">13</th>
<td class="table__cell">$721.8</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">721.38%</td>
</tr>
<tr>
<th scope="row" class="table__cell">14</th>
<td class="table__cell">$850.51</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">850.51%</td>
</tr>
<tr>
<th scope="row" class="table__cell">15</th>
<td class="table__cell">$1002.75</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">1002.75%</td>
</tr>
<tr>
<th scope="row" class="table__cell">16</th>
<td class="table__cell">$1182.24</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">1182.24%</td>
</tr>
<tr>
<th scope="row" class="table__cell">17</th>
<td class="table__cell">$1393.87</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">1393.87%</td>
</tr>
<tr>
<th scope="row" class="table__cell">18</th>
<td class="table__cell">$1643.37</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">1643.37%</td>
</tr>
<tr>
<th scope="row" class="table__cell">19</th>
<td class="table__cell">$1937.53</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">1937.53%</td>
</tr>
<tr>
<th scope="row" class="table__cell">20</th>
<td class="table__cell">$2284.35</td>
<td class="table__cell">17.9%</td>
<td class="table__cell">2284.35%</td>
</tr>
</tbody>
</table>
<p class="page__section-paragraph">
As you can see, inflation is very dangerous in longer periods of time, because the cumulative
inflation grows exponentially. In 20 years with inflation rate of 17.9% the price grew 22.8 times.
It means that your saving are now work for you 22.8 times less than they did 20 years ago.
</p>
</section>
<!-- <section class="page__section" id="what-should-i-invest-$10000-in">
<h2 class="page__section-header">
What should I invest $10'000 in?
</h2>
<p class="page__section-paragraph">
Well, it depends. First, you should create a strategy, think about your goals, and then invest
according to your strategy. Start with emergency fund, then build your financial cushion, then
invest in your long-term portfolio. If you want take more risk - consider creating offensive
portfolio.
</p>
<p class="page__section-paragraph">
Important note: first you need to <span class="page__bold-text">get rid of your debt</span>. If you
have any debt, pay it off first, then build up your emergency fund, and then start investing.
</p>
</section> -->
</article>
</main>
<!-- END MAIN -->
<!-- FOOTER -->
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Author: Igor Józefowicz
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Email:
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igor@jozefowicz.pl
</a>
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Github:
<a href="https://github.com/igorjoz" target="_blank" class="link">@igorjoz
</a>
</li>
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LinkedIn:
<a href="https://www.linkedin.com/in/igor-jozefowicz/" target="_blank" class="link">
in/igor-jozefowicz
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