14/11/2023
Inflation refers to the increase in the price of goods and services over time. It means that your money may be able to buy less in the future than it can today. Inflation can also have an impact on the real value of your cash savings over the long term. In fact, if inflation continues at a rate of 4% over the course of two decades, the purchasing power of your savings could decrease by more than 50%.
If you plan on saving over the long term, which typically means for five years or more, then choosing to invest could be the best way to shield your money from the damaging effects of inflation whilst also securing your future financial wellbeing. However, itās important to note that investing also comes with risk. You can speak to an adviser to discuss an investment strategy that matches your risk appetite and investment objectives. The key to beating inflation is by investing in assets which produce a higher rate of return than inflation.
The value of an investment with St. Jamesās Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you invested.
