PLAN FOR THE WORST, HOPE FOR THE BEST H OW T O C R E AT E A F I N A N C I A L P L A N F O R A N U N P R E D I C TA B L E 2 0 2 2 32
What’s Up? Eastern Shore | February 2022 | whatsupmag.com
BY DYLAN ROCHE Inflation. Supply chain holdups. Labor shortage. Great markets. Bad markets. Do you get the feeling that 2022 is going to be another strange, stressful year as far as your wealth is concerned? When you hear people talking about inflation, or when you hear them talking about bull markets versus bear, it might make you nervous. But it’s important to remember that inflation doesn’t always equate to a bad market. That’s because inflation and a down market are two separate problems—although they do affect each other to some degree. As Ray Hobson, CFP, with HF Advisory Group puts it, “The biggest risk that is caused by inflation is a reduction in purchasing power of the dollar. So, keeping investment growth higher than inflation is an important factor to consider when choosing the most appropriate investments.”
