Investment Tip #1: Outpace Inflation
For your long-term financial goals, like retirement or paying for a child’s education, inflation can really spoil things. Historically, it’s been about 3%, which means that if you’re only making 2% in a bank account or CD, your money is actually losing purchasing power. For most people, investing some amount of money in stocks or stock funds is the best way to keep up with inflation.
Investment Tip #1: Outpace InflationFor your long-term financial goals, like retirement or paying for a child’s education, inflation can really spoil things. Historically, it’s been about 3%, which means that if you’re only making 2% in a bank account or CD, your money is actually losing purchasing power. For most people, investing some amount of money in stocks or stock funds is the best way to keep up with inflation.
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