3 Money Saving Tips to Avoid Being Robbed by the Anticipated Hyperinflation in US

Let the world leaders and economists talk about the concept of hyperinflation and ponder on reasons and fallacies while you start thinking about your own little savings. No, this is not being selfish. This is being a realist where you care for your hard earned savings and you want a secure future for your family. But this hyperinflation seems to be an all-encompassing and all swallowing giant that can’t be tackled. Wrong. Thankfully, being proactive helps here too. Here are 3 simple tips to foolproof yourself against hyperinflation in US.

1. Safeguard Your Investments

You must have been having a decent enough investment portfolio for yourself where you have invested a certain amount of money in a number of industries and companies. Ask yourself a simple question, do you think your investment is safe from future turmoil?

This is why economists and investments experts have been suggesting that you start moving your money to the investment of stocks of companies which operate in safe industries. At present, the industries like precious metal, natural energy resources and telecommunication are considered to be the most secure industries that there are. So what are you waiting for, pick up the phone and start shifting the investments?

2. Bunk The Cash

Cash and savings bonds are the two worst form of money when you have realized that the hyperinflation is setting in. It is strongly recommended that you use the funds available from your savings bonds and sum it with the cash in order to buy more sustainable investment sources like precious stones and precious metals. You can also be purchasing artwork and other similar items during this time.

Point to be noted here, don’t just go out and start buying blocks of physical gold. Instead start pouring your money in shares of an exchange traded mutual fund. In case this exchange traded mutual fund operates with gold bullions, you have just hit the jackpot.

3. Future Proof Yourself

How amazing it would be in case you had your money invested in bonds or securities which not only offers you a fixed interest rate, but also compounds it with a periodical adjustment by measuring the inflation rate of the economy? Yes, this is a reality. This is why economists and investment experts recommend that you purchase Series I Bonds which are characterized by this feature.

The best part is the fact that the interest rate is compounded twice every year after assessing the inflation rate. These bonds will mature throughout, without having a maximum period of time.

Now that you have learnt the tricks and tips to save your investments from the peril of hyperinflation, you can go back to resting and enjoying your life!

Vijayraj Reddy
Vijayraj Reddy is founder & editor-in-chief of Startmysalary.com, a financial blog which helps people to earn money, invest money and save money. You can find him on Facebook & Twitter or send him email at [email protected]

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