This week we asked the Invstr Community what they are doing most to help fight inflation? The responses were more or less on par with what would be expected among an app of Invstrs. The most popular response, pulling 35% of users, was to invest during inflation.
Not far behind in second place was saving/budgeting, which is another way to keep money in your pocket while keeping risk at 0. One question you may have is, how do these compare? While saving is better than spending your money, it is generally worse than safe investments. Indeed, investing during inflation helps serve as a hedge against inflation. Traditionally, investments such as gold and real estate are preferred as a good hedge against inflation.
Lastly, some invstrs chose getting a side hustle or waiting it out as options to approach inflation. Both of these options are great approaches, however, the most powerful option to combat inflation is doing a little bit of each of these. All in all, the Invstr community has once again spoken and with a diverse range of opinions! Thanks for sharing and happy investing everyone!
- The Invstr Team 🙂