Ask HN: Personal Response to Inflation?
4 comments
Check out the writings on Harry Browne's Permanent Portfolio. He formulated his simple recommendation based on his experience with inflation in the 70s/80s.
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Gold is usually considered a harbor from inflation. Generally, inflation is considered a rise of the value of assets, so shielding from it is logical to be buying assets that can persist for long time and whose value will therefore increase over time.
If buying a house is your goal, look for property-linked assets.
If we are staring down the barrel at inflation, what can one do to protect their personal assets?
I took out a favorable car loan, but can’t easily buy a house where I live. Too much of my money is in the bank, though I’ve been buying slowly into the stock market.
Is there some creative personal finance or lifestyle hack to follow here? I’m not looking to get rich or speculate, just take the best choices available.