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An Inflation Flood Worse Than Noahs Great Flood
Investment Advisor and Radio Host of Income Forever Matt Golab discusses inflation and the devastating effects it can have on an investment portfolio.
He goes on, "Most of us experience inflation in the form of price. The price of stamps just rose without the increase of benefits, I would argue that this is a form of inflation. We know that over time the price of things we buy rise. I remember grocery shopping with my wife and children a short time ago, what I noticed was our cart was not as full as it usually was but we purchased the exact same items as our last grocery shopping trip. What really suprised me was when we checked out we were paying quite a bit more. Later as we were putting away the groceries I realized what was happening. The prices were up and the containers were smaller, hence the less full cart and high price."
Matt continues to discuss the difference between price inflation and monetary inflation. He also brings in the similarities of post World War I Germany, the effects of over printing the money supply, and a similarity to modern day United States.
Mr. Golab finishes up with some final words of advice for today's consumer, "Only time will tell which we get but no matter if it's deflation or inflation the flood of consequences could dramatically alter our economy for decades to come. The question to ask yourself is what are you doing in your portfolio to minimize the effect either way. Make a plan or chose an advisor to help you design a plan that protects your money from loss and provides a path for growth with inflation."
Matt is the founder of Aaron Matthews Financial Resources Headquartered in Elk Grove California. Matt has been featured in Life Health Pro, The Inteligencer, Newsweek, TheSmartRetiree, Burlington County Times and soon will be appearing nationwide on ABC, CBS, Fox, and NBC. Golab is the Author of The Consumer's Guide to Planning Your Retirement: Your Guide to Mental Peace and Financial Well Being. Matt has also been recruited to write a chapter in Tom Hopkins upcoming book, Victory scheduled to be released later this year. Matt also received the Editors Choice Award for his contribution to Victory.
Page Updated Last on: Feb 26, 2013