How To Tackle Inflation | Money Doctor Show | EP : 262
People often speak about inflation. What is inflation? In economics, inflation is a rise in the average price of a basket of goods and services in a given time frame. In other terms, inflation means a rise in the cost of living.
When the cost of living is expected to increase in sync with steadily increasing inflation, how to handle the situation? As rightly described by the founder and CEO of IndianMoney.com in this video, people can tackle inflation by investing in the right investment options, which may be stocks, mutual funds, bank deposits, and any other financial product.
For instance, by investing money in a fixed deposit, you can earn a fixed income. If you invest Rs.10000 today, after 4-5 years, you get the principal amount with interest. The interest you earn assists you tackle inflation. Is it not?
How about stocks? The CEO says that investing in stocks has a certain amount of risk. Perhaps, seeking the right advice from financial education companies, including IndianMoney.com, is highly desirable prior to investing in stock market.
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