Suze Orman says this is the only asset class that has a track record of beating inflation — don’t give up on it just yet
- Date: 11-Nov-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Suze Orman says this is the only asset class that has a track record of beating inflation — don’t give up on it just yet
As inflation jumped 6.2% in October — the biggest spike in more than 30 years — Americans are preparing for their purchasing power to take another hit.
But whether inflation is coming out of hibernation or we’re heading towards a bear market, Suze Orman, personal finance expert, says you should still lean on stocks for the long haul.
“Over the long-term stocks have produced the best gains after factoring in inflation,” wrote Orman in a blog post this past summer. “Bonds and cash struggle to keep pace with inflation; only stocks have a track record of earning more than inflation.”