Investing to Beat Inflation
Since we are in a market economy, inflation is a pesky thing that we have to deal with, and it can lower the power of your dollar. With inflation raising an average of 3% per year and wages typically not keeping up, it’s important to invest your money to beat inflation.
Top Investments to Hedge Against Inflation
Gold, commodities, mixing stocks and bonds in your portfolio, Real Estate Investment Trusts, S&P 500, and real estate income are the top investments for beating inflation. Keeping a diversified investment portfolio is always the best way to beat that 3% rise in costs, so keep each of these in your portfolio. Each of these are popular because they historically outperform yearly growth in inflation rates.
Other Ways to Beat Inflation
Keep a budget, stick to it, and don’t fall into the trap of pining for things you want. Keep your expenditures reasonable. Invest in yourself so you keep up with the times, because the more you learn and the better you are at what you do, the more likely you’ll be to earn more in the future.
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