Consumer prices in April rose at the highest annual rate in three years, putting inflation back into focus.
Inflation eats away at the value of your dollar. Smart investing, however, can build wealth at a rate that outpaces inflation over time. And there are different strategies to make portfolios even more resilient against inflation.
There is no one-size fits all model, and investors’ ages, spending needs, risk tolerance and life goals are all important factors. But here’s what investment professionals say about inflation-proofing a portfolio:
Stocks and compounding growth
Putting cash to work in the stock market is one of the most important steps to protect your wealth against inflation, experts told CNN.
