@koolgal：Warren Buffett said "Inflation swindles almost everybody". Indeed we are living in unprecedented times with rising prices in virtually everything that we need in our daily lives. From fuel, food, utilities, cars, medical care, household items, everything has gone up. So how can we tackle this high inflation? On a personal front, I would take these steps to combat high inflation : 1) Continue investing by dollar cost averaging into plain vanilla ETFs like $SPDR Portfolio S&P 500 ETF(SPLG)$ , $STI ETF(ES3.SI)$ 2) Find ways to reduce my expenses by taking a closer look at my bills, cutting away things I don't need, and stretch my dollar. I will compare the various utilities, Internet and mobile phone suppliers to find the most economical plans. I will consider cancelling my gym membership since I don't use it regularly. I will think twice about buying more clothes or having one too many lattes at Starbucks. To stretch my dollars, I will shop for special offers at the supermarkets, plan more home cooked nutritious meals instead of eating in expensive restaurants. Buy fruits and vegetables that are in season, substitute fresh chicken with frozen chicken, and be more creative in preparing meals. 3) Take advantage of coupons, cashback credit cards to save 4) Earn extra income by selling items in EBay, Facebook Market Place, and part time jobs. 5) Make sure I put aside a sum for emergency needs Finally the most important thing is to stay positive and optimistic and know that good times will be back if we have a good diversification of our assets. @Mainstreet_Trades@TigerStars@CaptainTiger Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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