3 Inflation-Resistant Stocks to Buy Right Now | Smart Change: Personal Finance | journalstar.com – Lincoln Journal Star

Many of us are going about our lives with little regard for inflation. It can wreak havoc on us financially, though. Steep inflation can make a car that costs $25,000 this year cost, say, $27,000 next year, and $29,000 or more the year after that. Inflation has averaged around 3% annually over many years, and over 25 years, that’s enough to cut the purchasing power of your retirement dollars in half. Inflation isn’t a theoretical risk, either — inflation in America, by one measure, recently hit 7%, the highest rate in 39 years.

Keep inflation in mind as you invest. Certain kinds of stocks can help you fight it effectively. Here are three examples.

Image source: Getty Images.

1. Waste Management

People are also reading…

  • Steven M. Sipple: With Athletic Department ‘on edge’ in July, Alberts’ hire critical, Cook says
  • Steven M. Sipple: Critical period for Thompson; Alberts’ culture clues; and Fred’s vulnerability
  • LPS school board names four finalists for superintendent
  • Frost, Husker assistants conduct home visit with top remaining 2022 target
  • Statute of limitations passed, attorneys tell the story of Pioneer Pete’s negotiated return in Lincoln
  • Juvenile killed in rollover crash near Seward, sheriff’s office says
  • Gretna to vacate 2021 Class A football championship after fielding ineligible player
  • Teen arrested for bringing gun, cocaine to Lincoln Southeast High School, court records show
  • 64-year-old woman dies after brake failure causes collision east of Lincoln
  • Paperwork, finger-pointing and Twitter: How Gretna was stripped of the Class A football title
  • Gretna responds to NSAA ruling, claims Omaha Westside issued complaint
  • GoFundMe donations show how much Grateful Bread owner means to Lincoln
  • Steven M. Sipple: If you’re Husker fan, you hope Applewhite grasps program’s rich RB history
  • As transfer portal frenzy nears lull, where do the Huskers still need ‘difference-makers?’
  • Lincoln man killed in one-vehicle crash in Cass County

For starters, dividend-paying stocks can be great inflation fighters because their payouts generally increase over time, often exceeding the inflation rate. Consider Waste Management (NYSE: WM), the trash collection and recycling giant. Its dividend recently yielded 1.74%, and that payout has increased at an average annual rate of 7% over the past five years and 5.4% over the past decade. That’s certainly enough to keep up with or exceed typical inflation rates. (Another benefit for shareholders is that the company has been buying back shares, boosting the value …….

Source: https://journalstar.com/business/investment/personal-finance/3-inflation-resistant-stocks-to-buy-right-now/article_5b209b15-dec2-5d6d-a6a4-8cb20097cd73.html

Leave a Reply

Your email address will not be published. Required fields are marked *