Brilliant Explainer in Slate yesterday.
Short version: don't buy the 'Lifetime' stamps currently being offered by the USPS. Apparently, someone bought $8000 worth as an 'investment'. The only problem is that, historically, the price of stamps has lagged behind inflation. Now, it is actually the law of the land that the price cannot go up any faster than the rate of inflation. Hence, this is a really really really stupid kind of investment, as the "real" cost of sending a letter will only go down or stay the same over time.
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Eight large in stamps as an investment? Clearly this individual must have read Peter Lynch's bestselling book: Let the USPS give it to you in the ass.
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