Rising inflation is on everyone’s mind.
Here are 3 ways to cope with the increased pressures of a higher cost of living.
This article was submitted by a Guest Contributor. The opinions expressed in this publication are those of the Guest Contributor.
1. Stay committed to investing
In times of financial uncertainty, it may be tempting to withdraw your money from the markets.
However, we all know that stashing money away under your mattress will only cause your savings to get eroded quicker.
This is a good time to re-group, and re-strategize.
Rebalance your portfolio, rotate out of cyclical stocks, beef up your cash buffer to deploy at the right opportunity.
Regardless of your strategy, just remember to stay committed to long-term investing.
Don’t let your cash sit idle!
There are more options than ever to maximize interest on your cash:
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