Invest in appreciating assets.
So what are these types of assets to protect the value of money from eroding?
Having the right mix of assets investment will cushion off the impact of inflation. Money idling in the bank is likely not earn enough interest to stop its purchasing power from declining during inflation, as illustrated above.
Therefore, selecting a portfolio that suits your financial objectives and risk profile based on your investment time horizon to grow your wealth to battle against inflation is a wise decision to make!
So what are these types of assets to protect the value of money from eroding?
- Tailor-made well-diversified portfolio
- Stocks
- Bonds
- Real Estate
- Foreign currencies
- Gold
- Collectibles, subject to willing buyer
- Businesses, subject to proper management
Having the right mix of assets investment will cushion off the impact of inflation. Money idling in the bank is likely not earn enough interest to stop its purchasing power from declining during inflation, as illustrated above.
Therefore, selecting a portfolio that suits your financial objectives and risk profile based on your investment time horizon to grow your wealth to battle against inflation is a wise decision to make!
