Mitchell GoldbergSince real estate also historically performs well during periods of inflation, Harrington also likes real estate investment trusts.
Meanwhile, Sapuro likes areas of the technology sector since tech can reduce the price of production. Before implementing any investment strategy, it's best to speak with a financial professional first, he said.With consumer prices up in October 6.2% from the year prior, now is also a good time to review your income. Look for ways to increase that income or do your best to negotiate an adequate raise to combat inflation, Saporu advised.Also consider locking in prices for things in today's dollar, like a prepaid college plan or funeral expenses, Goldberg suggested.
With mortgage rates still low, refinancing your mortgage now to lock in a good rate can save you money, he said.Bankrate"If inflation really does take hold longer than investors expect, interest rates should go up," Goldberg said.
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