FULL EPISODE:

Apple Podcast:

Spotify:

Get $50 FOR FREE when you sign up for the hottest new credit card in Canada, the Neo MasterCard!

Check out the Neo Card and their High Interest Savings Account Too!

Check out Neighbor To Start Making SUPER PASSIVE Income!

Wealthsimple Trade (Self Directed – This is where you can buy Index Funds/ETFs!!):⁣⁣

⁣⁣Wealthsimple Invest (Robo-advisor):⁣⁣

…(read more)

LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

How to Stay 1 Step Ahead of Inflation When Investing

Inflation can erode the value of your savings over time, making it crucial to stay one step ahead in order to protect your financial future. Understanding the impact of inflation on your investments and adopting strategies to mitigate its effects are essential for long-term success. Here are some key steps to consider when investing to stay ahead of inflation.

1. Diversify Your Investments:
One of the best ways to counter the effects of inflation is through diversification. By spreading your investments across different asset classes, such as stocks, bonds, real estate, and commodities, you can minimize risk and maximize returns. Different asset classes tend to perform differently during inflationary periods, thus reducing the impact of inflation on your overall portfolio.

2. Invest in Stocks:
Historically, stocks have been one of the best investment options to outpace inflation. Stocks offer the potential for capital appreciation and strong long-term returns, which can help grow your investments faster than inflation eats away at their value. However, it is important to invest in a diversified portfolio of quality companies to mitigate risk.

3. Focus on Dividend-Paying Stocks:
Dividend-paying stocks can be an effective hedge against inflation. Companies that consistently pay dividends tend to increase their payouts over time to keep pace with rising costs. Dividends provide a regular income stream, which can help offset the impact of inflation by preserving purchasing power.

4. Consider Inflation-Protected Securities:
Inflation-protected securities, such as Treasury Inflation-Protected Securities (TIPS), are specifically designed to counter inflation. These bonds adjust their principal value based on changes in the Consumer Price Index (CPI), thereby ensuring that the purchasing power of your investment is maintained. While the yields on TIPS tend to be lower than traditional bonds, they offer a reliable safeguard against inflation.

5. Real Estate Investment:
Investing in real estate can provide a hedge against inflation, as property values and rental income tend to increase over time. Real estate can be a tangible asset that retains value during inflationary periods. Consider diversifying your investment portfolio by considering residential or commercial properties to benefit from potential appreciation and rental income.

6. Explore Commodities and Inflation-Linked Assets:
Commodities, such as gold, silver, and oil, have historically been seen as a reliable store of value during inflationary periods. Investing a small portion of your portfolio in these commodities can act as an inflation hedge. Additionally, inflation-linked assets, such as infrastructure projects or natural resource companies, may offer protection against rising costs and potential inflation.

7. Review and Adjust Regularly:
Keep a close eye on your investments and periodically review your portfolio. Inflation rates can change over time, and your investment strategy should adapt accordingly. Regularly rebalance your portfolio to ensure it aligns with your risk tolerance and investment goals. This will help you stay one step ahead of inflation and make the necessary adjustments to protect your investments.

Remember, staying ahead of inflation requires a patient and proactive approach to investing. Investing for the long term, diversifying across asset classes, focusing on inflation-fighting investments, and regularly reviewing and adjusting your portfolio will go a long way in safeguarding your savings from the erosive effects of inflation. By adopting these strategies, you can secure your financial future and ensure that your investments outpace inflation over time.