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2021-09-07
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How to Profit from Inflation Surges<blockquote>如何从通胀飙升中获利</blockquote>
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Learn how to profit during times of rising prices.","content":"<p>After the Great Recession, inflation stayed low as the banking system recovered. For several years, inflation never rose above 2%. But in recent months, inflation is making a comeback. President Biden has called this bout \"transitory,\" but many people worry that inflation is here to stay.</p><p><blockquote>大衰退后，随着银行体系的复苏，通胀保持在较低水平。几年来，通货膨胀率从未超过2%。但最近几个月，通货膨胀正在卷土重来。拜登总统称这一回合是“暂时的”，但许多人担心通货膨胀会持续下去。</blockquote></p><p> <b>Understanding inflation</b></p><p><blockquote><b>了解通货膨胀</b></blockquote></p><p> Inflation is the general rise in prices in an economy over a specified period of time. The Federal Reserve typically targets a low and stable rate of inflation of about 2%, which can signify a growing economy. But inflation can creep into the double digits as a result of economic shocks.</p><p><blockquote>通货膨胀是指一个经济体在特定时期内价格的普遍上涨。美联储的目标通常是2%左右的低而稳定的通胀率，这意味着经济正在增长。但由于经济冲击，通货膨胀率可能会攀升至两位数。</blockquote></p><p> Inflation has fluctuated over the course of history. During the 1970s and 1980s, prices increased 10% to 15% in some years. Since then, inflation has cooled off.</p><p><blockquote>通货膨胀在历史进程中一直在波动。在20世纪70年代和80年代，价格在某些年份上涨了10%至15%。此后，通胀有所降温。</blockquote></p><p> In the 2000s, inflation rates fluctuated between 2% and 5%, while in the 2010s, inflation hovered between 0% and 2%. In other words, prices have been remarkably stable in the recent past compared to other times in history.</p><p><blockquote>2000年代，通胀率在2%至5%之间波动，而2010年代，通胀率徘徊在0%至2%之间。换句话说，与历史上其他时期相比，最近的价格非常稳定。</blockquote></p><p> Recently, however, inflation has reentered the conversation. For the 12 months that ended in July 2021, inflation clocked in at 5.4%, one of the highest rates in many years.</p><p><blockquote>然而，最近，通货膨胀重新进入了人们的话题。截至2021年7月的12个月中，通胀率为5.4%，是多年来的最高水平之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4e89ed8b743c7239e027963e505ffeb\" tg-width=\"2000\" tg-height=\"2143\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Types of inflation</b></p><p><blockquote><b>通货膨胀的类型</b></blockquote></p><p> There are three main types of inflation:</p><p><blockquote>通货膨胀主要有三种类型：</blockquote></p><p> <ul> <li><b>Demand-pull inflation</b>: Demand-pull inflation happens when demand outweighs production capacity. Put another way, there is more demand for goods than the current supply is able to meet. As a result, prices increase.</li> <li><b>Cost-push inflation</b>: Cost-push inflation occurs when production costs make it more expensive for companies to produce the same goods. As a result, market prices rise to reflect the increased cost of inputs.</li> <li><b>Built-in inflation</b>: Built-in inflation occurs when workers demand higher wages to combat rising living costs. This type of inflation can cause a feedback effect wherein companies must raise prices continuously to meet the increasing cost of labor.</li> </ul> <b>Why take inflation into consideration?</b></p><p><blockquote><ul><li><b>需求拉动型通货膨胀</b>：当需求超过生产能力时，就会发生需求拉动型通胀。换句话说，对商品的需求超过了目前的供应所能满足的。结果，价格上涨。</li><li><b>成本推动型通货膨胀</b>：当生产成本使公司生产相同商品的成本更高时，就会发生成本推动型通货膨胀。因此，市场价格上涨，以反映投入成本的增加。</li><li><b>内置通货膨胀</b>：当工人要求更高的工资以应对不断上涨的生活成本时，就会出现内在通货膨胀。这种类型的通货膨胀会导致反馈效应，公司必须不断提高价格以满足不断上涨的劳动力成本。</li></ul><b>为什么要考虑通货膨胀？</b></blockquote></p><p> Inflation has a number of unnerving effects, but the clearest consequence is that it will erode your purchasing power over time. As inflation takes hold, a dollar will buy fewer goods and services than it did in the past.</p><p><blockquote>通货膨胀有许多令人不安的影响，但最明显的后果是，随着时间的推移，它会侵蚀你的购买力。随着通货膨胀的蔓延，一美元购买的商品和服务将比过去更少。</blockquote></p><p> Over the past decade, long-term investors and retirees alike have been more complacent about the threat of inflation because rates have been uncharacteristically low. Going forward, the threat of inflation needs to be understood as a real risk to a comfortable retirement if it is not appropriately accounted for.</p><p><blockquote>过去十年，长期投资者和退休人员对通胀威胁更加自满，因为利率异常低。展望未来，如果没有得到适当的考虑，通货膨胀的威胁需要被理解为对舒适退休生活的真正风险。</blockquote></p><p> Inflation creates more uncertainty in the economy. Higher rates of inflation tempt action by the Federal Reserve Board, which is expected to raise interest rates in response. Action by the Fed can cause stock market volatility in the short run, and rising rates can also cause bond funds to lose value.</p><p><blockquote>通货膨胀给经济带来了更多的不确定性。较高的通胀率促使美联储采取行动，预计美联储将加息作为回应。美联储的行动可能会在短期内导致股市波动，利率上升也可能导致债券基金贬值。</blockquote></p><p> If nothing else, the threat of inflation (and increased uncertainty) is another reason to revisit how you've invested your money to ensure that your assets are properly diversified. A diversified portfolio that isn't too heavy in any one asset class is a good first step toward protecting your finances from inflation.</p><p><blockquote>如果没有别的，通货膨胀的威胁（和不确定性的增加）是重新审视您如何投资以确保您的资产适当多元化的另一个原因。任何一种资产类别都不太重的多元化投资组合是保护您的财务免受通货膨胀影响的良好第一步。</blockquote></p><p> Pros and cons of inflationPros</p><p><blockquote>通货膨胀的优点和缺点</blockquote></p><p> <ul> <li>Low and stable inflation can be an indicator of a growing economy.</li> <li>It benefits holders of fixed-rate debt, such as mortgages.</li> <li>It encourages consumption today rather than later.</li> </ul> <b>Cons</b></p><p><blockquote><ul><li>低而稳定的通货膨胀可能是经济增长的指标。</li><li>它有利于抵押贷款等固定利率债务的持有者。</li><li>它鼓励今天而不是以后的消费。</li></ul><b>缺点</b></blockquote></p><p> <ul> <li>Inflation reduces purchasing power since each dollar buys fewer goods.</li> <li>Higher prices throughout the economy hurt retail consumers.</li> <li>It harms retirees living on fixed incomes.</li> <li>It prompts action by the Federal Reserve.</li> </ul> <b>How to profit from inflation</b></p><p><blockquote><ul><li>通货膨胀降低了购买力，因为每一美元购买的商品更少。</li><li>整个经济的价格上涨伤害了零售消费者。</li><li>它损害了靠固定收入生活的退休人员。</li><li>它促使美联储采取行动。</li></ul><b>如何从通货膨胀中获利</b></blockquote></p><p> Here are five inflation hedges that can help keep you afloat as prices rise:</p><p><blockquote>以下五种通胀对冲措施可以帮助您在价格上涨时维持生计：</blockquote></p><p> <b>1. Real estate</b></p><p><blockquote><b>1.房地产</b></blockquote></p><p> Single-family homes financed with low, fixed-rate mortgages tend to perform well during periods of inflation. As inflation climbs, your property is likely to appreciate in value while the monthly service cost of your mortgage stays the same. This is at the very heart of building home equity, which can rapidly increase your net worth.</p><p><blockquote>通过低固定利率抵押贷款融资的单户住宅在通货膨胀时期往往表现良好。随着通货膨胀的攀升，你的房产可能会升值，而你抵押贷款的每月服务成本保持不变。这是建立房屋净值的核心，它可以迅速增加您的净资产。</blockquote></p><p> By purchasing real estate, you're also insulating yourself from rising rents. Like any other consumable good, rents tend to rise during inflation surges. Even though mortgages are less flexible than rental agreements, they have an advantage when inflation is high.</p><p><blockquote>通过购买房地产，您还可以免受租金上涨的影响。与任何其他消费品一样，租金往往会在通胀飙升期间上涨。尽管抵押贷款不如租赁协议灵活，但在通胀高企时它们具有优势。</blockquote></p><p> <b>2. Value stocks</b></p><p><blockquote><b>2、价值股</b></blockquote></p><p></p><p> Some research has shown that value stocks tend to do better than growth stocks during periods of inflation. Value stocks are companies that have strong earnings relative to their current share price. They are also known to have robust cash flows, which investors typically value when prices are rising.</p><p><blockquote>一些研究表明，在通胀时期，价值股往往比成长股表现更好。价值股是指相对于当前股价而言盈利强劲的公司。众所周知，它们还拥有强劲的现金流，当价格上涨时，投资者通常会看重现金流。</blockquote></p><p> Growth stocks, on the other hand, tend to be more sensitive to changes in interest rates — a common monetary policy response to inflation. Over the past decade, when inflation has been conspicuously absent, growth stocks enjoyed a banner period. But lately, value stocks have staged a comeback. The current environment makes their continued success likely.</p><p><blockquote>另一方面，成长型股票往往对利率变化更加敏感——这是货币政策对通胀的常见反应。在过去十年中，当通货膨胀明显不存在时，成长型股票享受了一段辉煌时期。但最近，价值股卷土重来。当前的环境使他们有可能继续成功。</blockquote></p><p> <b>3. Commodities</b></p><p><blockquote><b>3.商品</b></blockquote></p><p> Commodities includegold and other precious metals, as well as raw materials and various natural resources critical to production. Simply put, as demand increases, prices rise in the economy, and the cost of production to meet that demand typically rises in lockstep.</p><p><blockquote>大宗商品包括黄金和其他贵金属，以及原材料和对生产至关重要的各种自然资源。简而言之，随着需求的增加，经济中的价格上涨，而满足需求的生产成本通常会同步上升。</blockquote></p><p> Commodities are generally seen as safe-haven assets during times of uncertainty. While commodities don't pay dividends or represent any underlying business, they are uncorrelated to the traditional asset classes of stocks and bonds and tend to move in an unrelated direction.</p><p><blockquote>大宗商品通常被视为不确定时期的避险资产。虽然大宗商品不支付股息或代表任何基础业务，但它们与股票和债券等传统资产类别无关，并且往往会朝着不相关的方向发展。</blockquote></p><p> <b>4. TIPS</b></p><p><blockquote><b>4.提示</b></blockquote></p><p> Treasury Inflation Protected Securities, or TIPS, are marketable U.S. Treasury securities aimed at combating purchasing power erosion. TIPS have the advantage of periodic inflation adjustments, a characteristic that standard fixed-rate bonds lack.</p><p><blockquote>通胀保值国债（TIPS）在美国是有市场的。旨在对抗购买力侵蚀的国债。TIPS具有定期通胀调整的优势，这是标准固定利率债券所缺乏的特征。</blockquote></p><p> Investors seeking capital preservation and purchasing power stability should take a look at TIPS as part of their lower-risk portfolio segment. TIPS holders can enjoy confidence that they'll get their principal back, given that TIPS are backed by the full faith and credit of the U.S. government.</p><p><blockquote>寻求资本保值和购买力稳定的投资者应该将TIPS作为其低风险投资组合的一部分。鉴于TIPS得到了美国政府的充分信任和信用的支持，TIPS持有者可以相信他们会拿回本金。</blockquote></p><p> <b>5. I-Bonds</b></p><p><blockquote><b>5.I-键</b></blockquote></p><p> Inflationary periods suddenly make U.S. savings bonds interesting investments. Even though you can only purchase $10,000 annually and they're considered non-marketable securities, I-bonds promise to keep pace with inflation. Like TIPS, they offer a nearly guaranteed return of principal.</p><p><blockquote>通货膨胀时期突然使美国储蓄债券成为有趣的投资。尽管你每年只能购买10,000美元，而且它们被视为非有价证券，但I-bonds承诺跟上通货膨胀的步伐。与TIPS一样，它们提供几乎有保证的本金回报。</blockquote></p><p> You won't get outsized returns by investing in I-bonds, but you will preserve purchasing power for a segment of your portfolio. Given that many investments are likely to lose real value during inflationary periods — think cash and long-duration bonds — it makes sense to think of other options beyond stocks that stand a chance of keeping pace.</p><p><blockquote>投资I债券不会获得巨额回报，但您将保留部分投资组合的购买力。鉴于许多投资可能会在通货膨胀时期失去实际价值——想想现金和长期债券——考虑股票以外有机会跟上步伐的其他选择是有意义的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e853142dbf5497282a2d3ba3b598cce\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Inflation is an opportunity</b></p><p><blockquote><b>通货膨胀是一个机会</b></blockquote></p><p> Since it happens with or without our permission, think of inflation as an opportunity to reexamine your<i>entire</i>portfolio. As of August 2021, interest rates were still at near-record lows even as inflation has spiked in recent months.</p><p><blockquote>既然它发生在我们允许或不允许的情况下，请将通货膨胀视为重新审视您的<i>全部的</i>投资组合。截至2021年8月，尽管近几个月通胀飙升，但利率仍处于接近历史低点。</blockquote></p><p> One of the best ways to combat inflation is to consistently ensure that you're properly diversified and fully invested. Money invested in stocks tends to outpace inflation in the long run, while positions in real estate, commodities, TIPS or I-bonds can only serve as further diversified protection. Cash on the sidelines is guaranteed to lose value, while long-term bonds will be impacted if interest rates begin to rise.</p><p><blockquote>对抗通货膨胀的最佳方法之一是始终确保您进行适当的多元化和充分投资。从长远来看，投资于股票的资金往往会超过通胀，而房地产、大宗商品、TIPS或I债券的头寸只能起到进一步多元化保护的作用。场外现金肯定会贬值，而如果利率开始上升，长期债券将受到影响。</blockquote></p><p> In general, inflationary periods (whether transitory or not) present the opportunity to revisit your financial situation and make adjustments for what may lie ahead.</p><p><blockquote>一般来说，通货膨胀时期（无论是否短暂）提供了重新审视您的财务状况并为未来可能发生的情况做出调整的机会。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Profit from Inflation Surges<blockquote>如何从通胀飙升中获利</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Profit from Inflation Surges<blockquote>如何从通胀飙升中获利</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool </strong><span class=\"h-time small\">2021-09-07 11:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After the Great Recession, inflation stayed low as the banking system recovered. For several years, inflation never rose above 2%. But in recent months, inflation is making a comeback. President Biden has called this bout \"transitory,\" but many people worry that inflation is here to stay.</p><p><blockquote>大衰退后，随着银行体系的复苏，通胀保持在较低水平。几年来，通货膨胀率从未超过2%。但最近几个月，通货膨胀正在卷土重来。拜登总统称这一回合是“暂时的”，但许多人担心通货膨胀会持续下去。</blockquote></p><p> <b>Understanding inflation</b></p><p><blockquote><b>了解通货膨胀</b></blockquote></p><p> Inflation is the general rise in prices in an economy over a specified period of time. The Federal Reserve typically targets a low and stable rate of inflation of about 2%, which can signify a growing economy. But inflation can creep into the double digits as a result of economic shocks.</p><p><blockquote>通货膨胀是指一个经济体在特定时期内价格的普遍上涨。美联储的目标通常是2%左右的低而稳定的通胀率，这意味着经济正在增长。但由于经济冲击，通货膨胀率可能会攀升至两位数。</blockquote></p><p> Inflation has fluctuated over the course of history. During the 1970s and 1980s, prices increased 10% to 15% in some years. Since then, inflation has cooled off.</p><p><blockquote>通货膨胀在历史进程中一直在波动。在20世纪70年代和80年代，价格在某些年份上涨了10%至15%。此后，通胀有所降温。</blockquote></p><p> In the 2000s, inflation rates fluctuated between 2% and 5%, while in the 2010s, inflation hovered between 0% and 2%. In other words, prices have been remarkably stable in the recent past compared to other times in history.</p><p><blockquote>2000年代，通胀率在2%至5%之间波动，而2010年代，通胀率徘徊在0%至2%之间。换句话说，与历史上其他时期相比，最近的价格非常稳定。</blockquote></p><p> Recently, however, inflation has reentered the conversation. For the 12 months that ended in July 2021, inflation clocked in at 5.4%, one of the highest rates in many years.</p><p><blockquote>然而，最近，通货膨胀重新进入了人们的话题。截至2021年7月的12个月中，通胀率为5.4%，是多年来的最高水平之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4e89ed8b743c7239e027963e505ffeb\" tg-width=\"2000\" tg-height=\"2143\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Types of inflation</b></p><p><blockquote><b>通货膨胀的类型</b></blockquote></p><p> There are three main types of inflation:</p><p><blockquote>通货膨胀主要有三种类型：</blockquote></p><p> <ul> <li><b>Demand-pull inflation</b>: Demand-pull inflation happens when demand outweighs production capacity. Put another way, there is more demand for goods than the current supply is able to meet. As a result, prices increase.</li> <li><b>Cost-push inflation</b>: Cost-push inflation occurs when production costs make it more expensive for companies to produce the same goods. As a result, market prices rise to reflect the increased cost of inputs.</li> <li><b>Built-in inflation</b>: Built-in inflation occurs when workers demand higher wages to combat rising living costs. This type of inflation can cause a feedback effect wherein companies must raise prices continuously to meet the increasing cost of labor.</li> </ul> <b>Why take inflation into consideration?</b></p><p><blockquote><ul><li><b>需求拉动型通货膨胀</b>：当需求超过生产能力时，就会发生需求拉动型通胀。换句话说，对商品的需求超过了目前的供应所能满足的。结果，价格上涨。</li><li><b>成本推动型通货膨胀</b>：当生产成本使公司生产相同商品的成本更高时，就会发生成本推动型通货膨胀。因此，市场价格上涨，以反映投入成本的增加。</li><li><b>内置通货膨胀</b>：当工人要求更高的工资以应对不断上涨的生活成本时，就会出现内在通货膨胀。这种类型的通货膨胀会导致反馈效应，公司必须不断提高价格以满足不断上涨的劳动力成本。</li></ul><b>为什么要考虑通货膨胀？</b></blockquote></p><p> Inflation has a number of unnerving effects, but the clearest consequence is that it will erode your purchasing power over time. As inflation takes hold, a dollar will buy fewer goods and services than it did in the past.</p><p><blockquote>通货膨胀有许多令人不安的影响，但最明显的后果是，随着时间的推移，它会侵蚀你的购买力。随着通货膨胀的蔓延，一美元购买的商品和服务将比过去更少。</blockquote></p><p> Over the past decade, long-term investors and retirees alike have been more complacent about the threat of inflation because rates have been uncharacteristically low. Going forward, the threat of inflation needs to be understood as a real risk to a comfortable retirement if it is not appropriately accounted for.</p><p><blockquote>过去十年，长期投资者和退休人员对通胀威胁更加自满，因为利率异常低。展望未来，如果没有得到适当的考虑，通货膨胀的威胁需要被理解为对舒适退休生活的真正风险。</blockquote></p><p> Inflation creates more uncertainty in the economy. Higher rates of inflation tempt action by the Federal Reserve Board, which is expected to raise interest rates in response. Action by the Fed can cause stock market volatility in the short run, and rising rates can also cause bond funds to lose value.</p><p><blockquote>通货膨胀给经济带来了更多的不确定性。较高的通胀率促使美联储采取行动，预计美联储将加息作为回应。美联储的行动可能会在短期内导致股市波动，利率上升也可能导致债券基金贬值。</blockquote></p><p> If nothing else, the threat of inflation (and increased uncertainty) is another reason to revisit how you've invested your money to ensure that your assets are properly diversified. A diversified portfolio that isn't too heavy in any one asset class is a good first step toward protecting your finances from inflation.</p><p><blockquote>如果没有别的，通货膨胀的威胁（和不确定性的增加）是重新审视您如何投资以确保您的资产适当多元化的另一个原因。任何一种资产类别都不太重的多元化投资组合是保护您的财务免受通货膨胀影响的良好第一步。</blockquote></p><p> Pros and cons of inflationPros</p><p><blockquote>通货膨胀的优点和缺点</blockquote></p><p> <ul> <li>Low and stable inflation can be an indicator of a growing economy.</li> <li>It benefits holders of fixed-rate debt, such as mortgages.</li> <li>It encourages consumption today rather than later.</li> </ul> <b>Cons</b></p><p><blockquote><ul><li>低而稳定的通货膨胀可能是经济增长的指标。</li><li>它有利于抵押贷款等固定利率债务的持有者。</li><li>它鼓励今天而不是以后的消费。</li></ul><b>缺点</b></blockquote></p><p> <ul> <li>Inflation reduces purchasing power since each dollar buys fewer goods.</li> <li>Higher prices throughout the economy hurt retail consumers.</li> <li>It harms retirees living on fixed incomes.</li> <li>It prompts action by the Federal Reserve.</li> </ul> <b>How to profit from inflation</b></p><p><blockquote><ul><li>通货膨胀降低了购买力，因为每一美元购买的商品更少。</li><li>整个经济的价格上涨伤害了零售消费者。</li><li>它损害了靠固定收入生活的退休人员。</li><li>它促使美联储采取行动。</li></ul><b>如何从通货膨胀中获利</b></blockquote></p><p> Here are five inflation hedges that can help keep you afloat as prices rise:</p><p><blockquote>以下五种通胀对冲措施可以帮助您在价格上涨时维持生计：</blockquote></p><p> <b>1. Real estate</b></p><p><blockquote><b>1.房地产</b></blockquote></p><p> Single-family homes financed with low, fixed-rate mortgages tend to perform well during periods of inflation. As inflation climbs, your property is likely to appreciate in value while the monthly service cost of your mortgage stays the same. This is at the very heart of building home equity, which can rapidly increase your net worth.</p><p><blockquote>通过低固定利率抵押贷款融资的单户住宅在通货膨胀时期往往表现良好。随着通货膨胀的攀升，你的房产可能会升值，而你抵押贷款的每月服务成本保持不变。这是建立房屋净值的核心，它可以迅速增加您的净资产。</blockquote></p><p> By purchasing real estate, you're also insulating yourself from rising rents. Like any other consumable good, rents tend to rise during inflation surges. Even though mortgages are less flexible than rental agreements, they have an advantage when inflation is high.</p><p><blockquote>通过购买房地产，您还可以免受租金上涨的影响。与任何其他消费品一样，租金往往会在通胀飙升期间上涨。尽管抵押贷款不如租赁协议灵活，但在通胀高企时它们具有优势。</blockquote></p><p> <b>2. Value stocks</b></p><p><blockquote><b>2、价值股</b></blockquote></p><p></p><p> Some research has shown that value stocks tend to do better than growth stocks during periods of inflation. Value stocks are companies that have strong earnings relative to their current share price. They are also known to have robust cash flows, which investors typically value when prices are rising.</p><p><blockquote>一些研究表明，在通胀时期，价值股往往比成长股表现更好。价值股是指相对于当前股价而言盈利强劲的公司。众所周知，它们还拥有强劲的现金流，当价格上涨时，投资者通常会看重现金流。</blockquote></p><p> Growth stocks, on the other hand, tend to be more sensitive to changes in interest rates — a common monetary policy response to inflation. Over the past decade, when inflation has been conspicuously absent, growth stocks enjoyed a banner period. But lately, value stocks have staged a comeback. The current environment makes their continued success likely.</p><p><blockquote>另一方面，成长型股票往往对利率变化更加敏感——这是货币政策对通胀的常见反应。在过去十年中，当通货膨胀明显不存在时，成长型股票享受了一段辉煌时期。但最近，价值股卷土重来。当前的环境使他们有可能继续成功。</blockquote></p><p> <b>3. Commodities</b></p><p><blockquote><b>3.商品</b></blockquote></p><p> Commodities includegold and other precious metals, as well as raw materials and various natural resources critical to production. Simply put, as demand increases, prices rise in the economy, and the cost of production to meet that demand typically rises in lockstep.</p><p><blockquote>大宗商品包括黄金和其他贵金属，以及原材料和对生产至关重要的各种自然资源。简而言之，随着需求的增加，经济中的价格上涨，而满足需求的生产成本通常会同步上升。</blockquote></p><p> Commodities are generally seen as safe-haven assets during times of uncertainty. While commodities don't pay dividends or represent any underlying business, they are uncorrelated to the traditional asset classes of stocks and bonds and tend to move in an unrelated direction.</p><p><blockquote>大宗商品通常被视为不确定时期的避险资产。虽然大宗商品不支付股息或代表任何基础业务，但它们与股票和债券等传统资产类别无关，并且往往会朝着不相关的方向发展。</blockquote></p><p> <b>4. TIPS</b></p><p><blockquote><b>4.提示</b></blockquote></p><p> Treasury Inflation Protected Securities, or TIPS, are marketable U.S. Treasury securities aimed at combating purchasing power erosion. TIPS have the advantage of periodic inflation adjustments, a characteristic that standard fixed-rate bonds lack.</p><p><blockquote>通胀保值国债（TIPS）在美国是有市场的。旨在对抗购买力侵蚀的国债。TIPS具有定期通胀调整的优势，这是标准固定利率债券所缺乏的特征。</blockquote></p><p> Investors seeking capital preservation and purchasing power stability should take a look at TIPS as part of their lower-risk portfolio segment. TIPS holders can enjoy confidence that they'll get their principal back, given that TIPS are backed by the full faith and credit of the U.S. government.</p><p><blockquote>寻求资本保值和购买力稳定的投资者应该将TIPS作为其低风险投资组合的一部分。鉴于TIPS得到了美国政府的充分信任和信用的支持，TIPS持有者可以相信他们会拿回本金。</blockquote></p><p> <b>5. I-Bonds</b></p><p><blockquote><b>5.I-键</b></blockquote></p><p> Inflationary periods suddenly make U.S. savings bonds interesting investments. Even though you can only purchase $10,000 annually and they're considered non-marketable securities, I-bonds promise to keep pace with inflation. Like TIPS, they offer a nearly guaranteed return of principal.</p><p><blockquote>通货膨胀时期突然使美国储蓄债券成为有趣的投资。尽管你每年只能购买10,000美元，而且它们被视为非有价证券，但I-bonds承诺跟上通货膨胀的步伐。与TIPS一样，它们提供几乎有保证的本金回报。</blockquote></p><p> You won't get outsized returns by investing in I-bonds, but you will preserve purchasing power for a segment of your portfolio. Given that many investments are likely to lose real value during inflationary periods — think cash and long-duration bonds — it makes sense to think of other options beyond stocks that stand a chance of keeping pace.</p><p><blockquote>投资I债券不会获得巨额回报，但您将保留部分投资组合的购买力。鉴于许多投资可能会在通货膨胀时期失去实际价值——想想现金和长期债券——考虑股票以外有机会跟上步伐的其他选择是有意义的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e853142dbf5497282a2d3ba3b598cce\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Inflation is an opportunity</b></p><p><blockquote><b>通货膨胀是一个机会</b></blockquote></p><p> Since it happens with or without our permission, think of inflation as an opportunity to reexamine your<i>entire</i>portfolio. As of August 2021, interest rates were still at near-record lows even as inflation has spiked in recent months.</p><p><blockquote>既然它发生在我们允许或不允许的情况下，请将通货膨胀视为重新审视您的<i>全部的</i>投资组合。截至2021年8月，尽管近几个月通胀飙升，但利率仍处于接近历史低点。</blockquote></p><p> One of the best ways to combat inflation is to consistently ensure that you're properly diversified and fully invested. Money invested in stocks tends to outpace inflation in the long run, while positions in real estate, commodities, TIPS or I-bonds can only serve as further diversified protection. Cash on the sidelines is guaranteed to lose value, while long-term bonds will be impacted if interest rates begin to rise.</p><p><blockquote>对抗通货膨胀的最佳方法之一是始终确保您进行适当的多元化和充分投资。从长远来看，投资于股票的资金往往会超过通胀，而房地产、大宗商品、TIPS或I债券的头寸只能起到进一步多元化保护的作用。场外现金肯定会贬值，而如果利率开始上升，长期债券将受到影响。</blockquote></p><p> In general, inflationary periods (whether transitory or not) present the opportunity to revisit your financial situation and make adjustments for what may lie ahead.</p><p><blockquote>一般来说，通货膨胀时期（无论是否短暂）提供了重新审视您的财务状况并为未来可能发生的情况做出调整的机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/how-to-invest/how-to-profit-from-inflation/\">Motley Fool </a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.fool.com/investing/how-to-invest/how-to-profit-from-inflation/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112584840","content_text":"After the Great Recession, inflation stayed low as the banking system recovered. For several years, inflation never rose above 2%. But in recent months, inflation is making a comeback. President Biden has called this bout \"transitory,\" but many people worry that inflation is here to stay.\nUnderstanding inflation\nInflation is the general rise in prices in an economy over a specified period of time. The Federal Reserve typically targets a low and stable rate of inflation of about 2%, which can signify a growing economy. But inflation can creep into the double digits as a result of economic shocks.\nInflation has fluctuated over the course of history. During the 1970s and 1980s, prices increased 10% to 15% in some years. Since then, inflation has cooled off.\nIn the 2000s, inflation rates fluctuated between 2% and 5%, while in the 2010s, inflation hovered between 0% and 2%. In other words, prices have been remarkably stable in the recent past compared to other times in history.\nRecently, however, inflation has reentered the conversation. For the 12 months that ended in July 2021, inflation clocked in at 5.4%, one of the highest rates in many years.\nIMAGE SOURCE: GETTY IMAGES.\nTypes of inflation\nThere are three main types of inflation:\n\nDemand-pull inflation: Demand-pull inflation happens when demand outweighs production capacity. Put another way, there is more demand for goods than the current supply is able to meet. As a result, prices increase.\nCost-push inflation: Cost-push inflation occurs when production costs make it more expensive for companies to produce the same goods. As a result, market prices rise to reflect the increased cost of inputs.\nBuilt-in inflation: Built-in inflation occurs when workers demand higher wages to combat rising living costs. This type of inflation can cause a feedback effect wherein companies must raise prices continuously to meet the increasing cost of labor.\n\nWhy take inflation into consideration?\nInflation has a number of unnerving effects, but the clearest consequence is that it will erode your purchasing power over time. As inflation takes hold, a dollar will buy fewer goods and services than it did in the past.\nOver the past decade, long-term investors and retirees alike have been more complacent about the threat of inflation because rates have been uncharacteristically low. Going forward, the threat of inflation needs to be understood as a real risk to a comfortable retirement if it is not appropriately accounted for.\nInflation creates more uncertainty in the economy. Higher rates of inflation tempt action by the Federal Reserve Board, which is expected to raise interest rates in response. Action by the Fed can cause stock market volatility in the short run, and rising rates can also cause bond funds to lose value.\nIf nothing else, the threat of inflation (and increased uncertainty) is another reason to revisit how you've invested your money to ensure that your assets are properly diversified. A diversified portfolio that isn't too heavy in any one asset class is a good first step toward protecting your finances from inflation.\nPros and cons of inflationPros\n\nLow and stable inflation can be an indicator of a growing economy.\nIt benefits holders of fixed-rate debt, such as mortgages.\nIt encourages consumption today rather than later.\n\nCons\n\nInflation reduces purchasing power since each dollar buys fewer goods.\nHigher prices throughout the economy hurt retail consumers.\nIt harms retirees living on fixed incomes.\nIt prompts action by the Federal Reserve.\n\nHow to profit from inflation\nHere are five inflation hedges that can help keep you afloat as prices rise:\n1. Real estate\nSingle-family homes financed with low, fixed-rate mortgages tend to perform well during periods of inflation. As inflation climbs, your property is likely to appreciate in value while the monthly service cost of your mortgage stays the same. This is at the very heart of building home equity, which can rapidly increase your net worth.\nBy purchasing real estate, you're also insulating yourself from rising rents. Like any other consumable good, rents tend to rise during inflation surges. Even though mortgages are less flexible than rental agreements, they have an advantage when inflation is high.\n2. Value stocks\nSome research has shown that value stocks tend to do better than growth stocks during periods of inflation. Value stocks are companies that have strong earnings relative to their current share price. They are also known to have robust cash flows, which investors typically value when prices are rising.\nGrowth stocks, on the other hand, tend to be more sensitive to changes in interest rates — a common monetary policy response to inflation. Over the past decade, when inflation has been conspicuously absent, growth stocks enjoyed a banner period. But lately, value stocks have staged a comeback. The current environment makes their continued success likely.\n3. Commodities\nCommodities includegold and other precious metals, as well as raw materials and various natural resources critical to production. Simply put, as demand increases, prices rise in the economy, and the cost of production to meet that demand typically rises in lockstep.\nCommodities are generally seen as safe-haven assets during times of uncertainty. While commodities don't pay dividends or represent any underlying business, they are uncorrelated to the traditional asset classes of stocks and bonds and tend to move in an unrelated direction.\n4. TIPS\nTreasury Inflation Protected Securities, or TIPS, are marketable U.S. Treasury securities aimed at combating purchasing power erosion. TIPS have the advantage of periodic inflation adjustments, a characteristic that standard fixed-rate bonds lack.\nInvestors seeking capital preservation and purchasing power stability should take a look at TIPS as part of their lower-risk portfolio segment. TIPS holders can enjoy confidence that they'll get their principal back, given that TIPS are backed by the full faith and credit of the U.S. government.\n5. I-Bonds\nInflationary periods suddenly make U.S. savings bonds interesting investments. Even though you can only purchase $10,000 annually and they're considered non-marketable securities, I-bonds promise to keep pace with inflation. Like TIPS, they offer a nearly guaranteed return of principal.\nYou won't get outsized returns by investing in I-bonds, but you will preserve purchasing power for a segment of your portfolio. Given that many investments are likely to lose real value during inflationary periods — think cash and long-duration bonds — it makes sense to think of other options beyond stocks that stand a chance of keeping pace.\nIMAGE SOURCE: GETTY IMAGES.\nInflation is an opportunity\nSince it happens with or without our permission, think of inflation as an opportunity to reexamine yourentireportfolio. As of August 2021, interest rates were still at near-record lows even as inflation has spiked in recent months.\nOne of the best ways to combat inflation is to consistently ensure that you're properly diversified and fully invested. Money invested in stocks tends to outpace inflation in the long run, while positions in real estate, commodities, TIPS or I-bonds can only serve as further diversified protection. Cash on the sidelines is guaranteed to lose value, while long-term bonds will be impacted if interest rates begin to rise.\nIn general, inflationary periods (whether transitory or not) present the opportunity to revisit your financial situation and make adjustments for what may lie ahead.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":723,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/817738638"}
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