Weβre well aware of how inflation is affecting our wallets in the short term β hello, high gas prices β 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) β and offers three tips for monitoring this:
π° Include investments in your portfolio that provide inflationary hedges
π° Adapt spending habits during higher inflationary periods (sorry, $7 latte)
π° Think long-term + keep some funds in long-duration assets
Read more advice from the experts.*