Inflation has been stubbornly high for some time now. And while the Federal Reserve has been actively trying to cool things off, most people's budgets aren't stretching as far as they were a few years ago.Fortunately, there are ways to protect your wealth — even as inflation trudges on. Called hedges, these are investments that give you a buffer against inflation, allowing your money to hold its value even while the power of the dollar declines.
'You might choose something which could be easily traded into and out of,' Earle says. 'That form of gold exposure could be advantageous if one requires flexibility but still wants most of the hedge that gold provides.'Gold mutual funds are another similar option, letting you invest in a pool of gold-related securities in small fractions. 'Gold mutual funds offer diversification and are managed by fund managers,' says Derek Miser, CEO at Miser Wealth Partners.
Source: News Formal (newsformal.com)
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