Weâre well aware of how inflation is affecting our wallets in the short term â hello, high gas prices â but how is it affecting our longer-term finances and investments?
WealthSouth says your investment portfolio return should be equal to or greater than the rate of inflation (Consumer Price Index, spending + fees) â and offers three tips for monitoring this:
đ° Include investments in your portfolio that provide inflationary hedges
đ° Adapt spending habits during higher inflationary periods (sorry, $7 latte)
đ° Think long-term + keep some funds in long-duration assets
Read more advice from the experts.*