will likely remain a hot topic of conversation for clients until after the election, when clarity on potential changes will emerge.
How do I protect my wealth from inflation?
With inflation on the rise, many clients are concerned about how to protect their wealth from its erosive effects. “Clients have been asking about inflation a lot recently,” says Fox at Quilter Cheviot.
One common strategy to protect against inflation is investing in real assets, such as real estate, commodities, and infrastructure. These assets tend to perform well during inflationary periods, as their value tends to rise along with prices.
Another option is investing in inflation-linked securities, such as Treasury Inflation-Protected Securities (TIPS). These bonds are indexed to inflation and provide a hedge against rising prices.
Diversification is also key in protecting against inflation. By spreading investments across different asset classes, clients can reduce their exposure to any one asset that may be negatively impacted by inflation.
Overall, wealth managers recommend having a well-diversified portfolio that includes assets that can weather inflationary storms. By being proactive and staying informed, clients can protect their wealth from the effects of inflation.