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To beat inflation, investors typically look to investments that have the potential to grow in value faster than the rate of inflation. Some options include stocks, real estate, and high-yield savings accounts. Diversifying investments across different asset classes can also help spread risk and potentially increase returns. It’s important to consult a financial advisor to determine the best investment strategy for your individual circumstances and risk tolerance.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.