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How Do You Protect Yourself From Inflation
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[QUOTE="Alexandoy, post: 207232, member: 25510"] I have a substantial amount of money that is presently resting in the bank. It is important for the money to be invested so that the value can go in stride with the times otherwise the value of your money will be eroded by inflation. Think of $20,000 now and after 5 years the value may just be worth $18,00 or $19,000 at the most. But if you had invested the money that earns a meager interest then your $20,000 can be $21,000 after 5 years but chances it may be more. I have checked the time deposit in the bank but the interest rate is very low that it is like not earning at all. My plan now is to invest in something concrete like real estate and stocks. My stock investment is doing good with the market price slowly increasing but I am waiting for the price to dip so I can buy more stocks. [/QUOTE]
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