To combat inflation, one should never leave the money idling...
To combat inflation, one should never leave the money idling in the bank earning close to zero interest rates. We should always invest in instruments that generate interest/returns above the rate of inflation. A good option would be to invest in Real Estate Investment Trusts (REITs). REITs have historically delivered total returns based on steady dividend incomes and long term capital appreciation. Their comparatively Low correlation with other assets make them an excellent portfolio diversifier which help to reduce the overall portfolio risks and increase total returns. Another option is to invest in Exchange traded funds (ETFs) where we can get exposure to an index without having to invest in all its component stocks. Fees and charges tend to be lower than actively managed funds as ETFs tend to have lower Management fees. Platforms such as moomoo which offers free commission or lower commission can also help reduce the overall cost of investing. Any cost reduction or ways to minimise our costs would be helpful especially during this period 😊
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Johnnie Worker : Good to know. Nice done bro