John Authers, Columnist
With inflation likely to stay elevated, preserving wealth becomes as important as maxing returns. And stocks may not be the best hedge. Meanwhile, the US housing market remains robust.
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John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”
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Not everyone invests in financial assets with the sole purpose of maximizing profits. With inflation surging to 40-year highs, preserving wealth seems at least as important. How to do that best is anyone’s million-dollar guess. Rather than look to bet on which security will reap the most generous gains, what traders want is a safe hedge that will minimize the risk that inflation eats away their wealth.
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