Dealing with Inflation

Show aired on August 7th, 2021

Before diving in to inflation, Mike offers some advice on shopping for a financial advisor: questions to ask and resources to use to check the portfolio they are showing you

Mike then answers questions regarding inflation, such as:

• How has inflation affected things like buying a car?
• How does inflation affect investments? Your lifestyle?
• Typically, people only look at the risk of volatility when considering a stock, but they forget that is a temporary risk. Another, more important consideration is the loss of purchasing power. How does inflation affect this?
• What is the importance of rebalancing your portfolio?

He also discusses ways to deal with inflation:

• Reduce and pay off debt.
• Give appreciated assets instead of cash.
• Stay in stocks, but keep diversified as well.

To read the latest Economic Review mentioned in this program, click here.

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DiversificationInvestmentPortfolio ManagementThe Economy

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Though Mike Miller is an employee of Ronald Blue Trust, Talking Money^® represents his individual views, and not those of his employer or any other sponsor of the program. During the program, Mike may discuss market trends as well as specific financial planning techniques and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations to any individual or organization. Work with your attorney, or accounting, or investment professional for specific individual advice and services. Any securities or investment products discussed on Talking Money® are not insured by the FDIC, are not a deposit or other obligation of or guaranteed by any bank, and are subject to investment risk, including possible loss of principal amount invested. Some shows contain time sensitive material that should not be relied upon without verifying.

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