Inflation is the silent killer of wealth. It eats away at your hard-earned money, leaving you with less and less purchasing power. But fear not, there are ways to fight back, and it starts with making the decision to stop keeping your money in the bank! Here are the top ten investments that not only protect against inflation but also have the potential to skyrocket your wealth so you can be the LeBron James of your family.
1. Diversified index funds: These funds have historically delivered returns that outpace the rate of inflation.
2. Gold: Investing in gold can be a hedge against inflation.
3. Real estate: Real estate investments can help protect against inflation.
4. Treasury inflation-protected securities (TIPS): These securities are designed to protect against inflation.
5. Inflation-protected bond mutual funds: These funds invest in TIPS and other inflation-protected securities.
6. Commodities: Commodities like gold, oil, and soybeans tend to increase in price during periods of inflation.
7. Real return mutual funds: These funds invest in a wide range of assets, including TIPS, commodities, and real estate.
8. Inflation-protected bond exchange-traded funds (ETFs): These ETFs invest in TIPS and other inflation-protected securities.
9. Actively managed mutual funds: Some actively managed mutual funds have reasonable expense ratios and sensible investment strategies that can help protect against inflation.
10. Vanguard High Dividend Yield ETF (VYM): This ETF invests in stocks with high dividend yields, which can help protect against inflation.
At Legacy Movement Connection, our investment coaches can help you navigate the complex world of investing and get the greatest return on your investments. We believe that everyone deserves to have the opportunity to build wealth and secure their financial future.
Investing in these top ten funds is just the beginning. With the right guidance and strategy, you can achieve financial freedom and live the life you've always dreamed of. Don't let inflation hold you back. Take control of your financial future today.