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Markets · Investing · Business
Finance
1 Brilliant ETF I'm Loading Up on if Inflation Continues Climbing
June's inflation report showed a 0.4% decrease from May, but with oil prices rising amid continued conflicts in the Middle East, there's a very real chance it will reverse course in July. And even if it doesn't, it's almost guaranteed that it'll be up from last year (June was up 3.5% year over year).
In either case, inflation isn't going away, so it's important to ensure your money isn't losing purchasing power over time. Your average savings account won't pay enough in interest to keep up with inflation, but there are plenty of investments that typically will. One is the Schwab U.S. Dividend ETF(NYSEMKT: SCHD), which I eagerly load up on when inflation is climbing.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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