You can’t offset the cost of housing by building something new because even lumber and copper prices are inflated.
Is there any way to escape the impact of inflation? Can you immunize your finances against the increased costs of everything from groceries to gasoline?
Like most smart financial decisions, protecting against inflation requires some long-term thinking. You can choose investments that allocate capital wisely through commodities and hard assets. You can also choose to invest in businesses that thrive in pushing price increases to customers and protect their margins in times of inflation.
While right now you might be asking what you can do to fight the effects of inflation, you may want to consider investing while planning for the inevitable: future inflation.
Read more in our latest edition of As We See It.