Dear Smart Investor, If you ever wanted to understand the impact of inflation, I have got a story for you. A while ago, I found myself in the same lift as two trolley-trotting aunties headed for the nearby wet market. Being in the same space, I couldn’t help but to overhear their chit-chat as the lift headed down. With a sigh, one aunty shared a simple observation with the other: “S$50 used to last me a week. Now, it’s gone in three to four days.” Her statement was profound in its simplicity. In a few words, the lamenting aunty summarised the impact of the time value of money that we all feel in our daily lives. Our money today is worth less than money we had in the past. The tyranny of shrinking money    According to the Monetary Authority of Singapore (MAS), the headline inflation rate for 2021 is expected to be 2.3%....