Money Minder UK

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Money's too tight to mention

In Brief: Money's too tight to mention

Thursday, 26 September 2019

Can understanding inflation better help you to take better care of your investment returns? Inflation can have a significant impact upon finances; American economist Milton Friedman says, ‘Inflation is taxation without legislation.’ Inflation affects all areas of the economy, it applies pressure by rising commodity prices for example. Inflation can lessen the power of your purchase, it therefore impacts upon the cost of living all of which can reduce returns on your investments. Seeking professional financial advice could help you to make more sense of the impact of inflation upon your investments.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.