Where should you put your money during high inflation? Stocks and diversification are key, one expert said. (via MarketWatch Picks)
U.S. inflation hit a 39-year high in November, according to government data, with consumer prices rising 6.8% in November, as compared to the same month in 2020. This is the fastest rise in consumer prices since 1982, and November was the sixth consecutive month that inflation was over 5%. These changes, no doubt, have many Americans worried about their money — and more specifically, what they can do with their money to help protect against inflation.
Consider value stocks in the consumer staples space, says Kumar “Value stocks that are in the consumer staples space, like food and energy, do well during inflation because demand for staples is inelastic and that gives these companies higher pricing power as they are able to increase their prices with inflation better than other industries,” Kumar says.
Consider crypto, says Michael Wilkerson, executive vice chairman of Helios Fairfax Partners Wilkerson says Bitcoin and Ethereum provide the most liquid ways to invest in crypto. “This may yet prove to be the most efficient inflation hedge in this environment. Regulatory interference will remain the main risk for the crypto utopia,” says Wilkerson. That said, read this guide on how much of your portfolio to put in crypto.
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