Hey there Penny Hoarders!
If you haven’t heard, inflation is getting a little crazy. Annual inflation rose by 4.4% in September — the fastest pace in over 30 years.
I’m curious to hear what you think about this. Do you anticipate inflation will keep going up or cool off soon?
I just finished writing an article (it’ll be online soon) about I bonds from the U.S. government. These bonds are specifically built to protect against inflation and they’re currently offering a 7.12% interest rate if you purchase I bonds between now and April 2022.
To be honest, it’s the first time I’ve ever considered investing in bonds. Even though I’m young, a big chunk of my money is still in cash because I want to buy a house in the next 1-3 years.
I’ve been debating on earmarking part of my savings to a high-yield savings account or CDs, but this 7.12% rate on I bonds is so much higher.
Anyway, I’m just curious to hear if anyone here is making specific investment decisions to protect against inflation. If so, what money moves are you making?