By Melissa Brock
Inflation affects your portfolio right here, right now. You probably already know about the dark side of inflation and how it affects your portfolio. But have you really taken the steps to combat it? Let’s find out.
What Is Inflation?
Inflation measures the rising cost of goods and services in a society. The gradual rise in prices results in a slow-motion decline of how much you can purchase with $1 over time.
Inflation might not seem like it makes a difference from one year to the next. However, over many years and decades, it can really make a difference how much (or how little) you can actually purchase with your money….