ARE YOU COVERED FOR THE COST OF INFLATION?

Every day I sit with potential investors who are shopping around for the “best” rate.   The “best” rate doesn’t exist.  It is a customised rate based on your needs, requirements, risk appetite, investment term, access to capital and other factors including tax.

What I can tell you is that if the rate you obtain after fees and tax is less than inflation you will not be able to maintain your purchasing power.  Just a glance at the figures above (reproduced from the Saturday Star 9 February 2013), you will see that very basic food items have nearly doubled in less than 3 years!

So if you are concerned about the returns you are getting on your money with the banks, investment products and elsewhere, make sure we’ve spoken so that you can relax!
Posted in inflation.