Inflation is like a hornet's nest. Once the hive is rattled, it’s almost impossible to get the hornets back.This sums up all you need to know about inflation.
Once a Government realizes the benefit of increased inflation for a debt based economy, inflation can only be hidden, transferred or obvious. Inflation is rarely removed.
Once inflation hits, it is a rapid phenomenon and there is a rush to secure inflation proof securities. Prices of food, gas, services and consumer goods increase faster than your salary; and your standard of living decreases over time.
However, savvy investors have inflation proofed their assets in periods of high inflation. Knowing how to measure inflation and observing the first signs of inflation is key. Investing in the right securities, secure assets, solid currencies and good long term debt can help.
This book details several investment strategies to prepare for inflationary periods, rock solid asset classes and also has a plan for the worst case scenario of hyperinflation.
Even if you've never heard of inflation in your life, you will benefit from the knowledge in this book.
A short and very practical book for those who wants to start investing in products that doesn’t follow the trends of inflation in a regular way. The author starts off easy by explaining what inflation is and why inflation usually kicks in. Most of the book is about specific investment opportunities and taking advantage of high inflation, why it can be good to invest in that product/company and what to consider when investing in the product/company, whether buying it physically or on the stock market. It gives you hands-on information if you want to start looking into investment opportunities for products that doesn’t follow the inflation in a regular way or just when inflation is high. It’s not meant to be a recipe, it’s a guide, and the author always comes back to the importance of research when you consider investing in a product. As said, it’s short, but concise and well structured. It’s easy to go back and forth to compare the different products and charts. I haven’t done a lot of investments, but if I would, I’d go back to this book and research more on the information and products described in the book.
I first listened to the audiobook while cooking breakfast. It was an excellent way to start my day. It was a refresher to what I already learned about investing. Reading the book made me reassess my portfolio to earn more passive income.