Description

Tony addresses questions on the current inflation situation and what to do when inflation soars. Is now the time to look for long term alternatives to cash?

KEY TAKEAWAYS

• Inflation over time can be detrimental to those keeping large sums in cash, attracting interest at a low or zero rate.
• Savers with large amounts of cash should not be lulled into a false sense of security even if interest rates rise.  The high inflation will definitely write off any benefit that could be gained from this. 
• Invest any money you have over and above your emergency fund. This offers real potential for inflation beating returns.

BEST MOMENTS

'The damaging effect of high and rising inflation will likely more than wipe out any uplift that higher interest rates will give to the value of cash savings.'

‘As the economy continues to recover from the pandemic we are experiencing a sharp rise in the cost of living and many people are struggling this year, and will continue to struggle throughout the rest of this year.'

‘Now could be the time to look for long term alternatives to cash.' 

VALUABLE RESOURCES

Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth 
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth  

ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

“Live For Today, Invest For Tomorrow”

CONTACT

Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/

This show was brought to you by Progressive Media

Hosted on Acast. See acast.com/privacy for more information.