Thursday Jun 27, 2024
How equities help fight inflation
Inflation increased slightly in May, to 2.9%. Not only is this disappointing, but it also suggests that it will be a long road ahead to getting inflation down to 2%, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. He explains why bonds are not the answer to counteracting the effects of inflation, and how, historically, equities have been effective in growing your money’s value when inflation is high.
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