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      09-25-2021, 10:05 AM   #16
2000cs
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Quote:
Originally Posted by tom2021 View Post
I have been worried about inflation for several years.
Precautionary actions:
1. Pay down mortgage.
2. Have more than one car that will last long.
3. Build inventories of tools, equipment that you need or will need in the future.
4. Diversify investment: stocks, commodities, gold, even a little bitcoin.
5. Hedging is great idea. However, you can do it with your own business, I don't see how you can do it effectively with personal wealth.
Thanks. I understand 2-5 but why pay down the mortgage assuming it is a fixed rate mortgage?
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