How investing can help you beat inflation
Charles Sachs, Chief Investment Officer at Kaufman Rossin Wealth, has provided his insights to Fortune for the online article, “How investing can help you beat inflation” written by Kaitlyn Koterbski. The story details how proper investing can help Americans combat inflation, featuring quotes from Charles on the advantages of compound interest and time in the market.
“A rocky market shouldn’t dissuade you from investing. The sooner you start, the better, experts say, thanks to compound interest. ‘It’s less about timing the market, but time in the market,’ says Charles Sachs, chief investment officer for Kaufman Rossin Wealth.
Using the S&P 500, for instance, $100 invested 20 years ago in 2002 would now be worth $496.60. When adjusted for inflation, the investment still retains 5.53% more purchasing power per year than funds held in cash, according to data from the U.S. Bureau of Labor Statistics’ monthly consumer price indexes.”