Where are you putting your money to hedge against this nasty dose of inflation?

[flashbac]

Just that really. Interested to hear your thoughts.

Gold in the form of sovereigns . Totally free of capital gains tax. And if it all goes pear shaped they are off the radar in a safe.

The way I look at it is, if you had been around during the Weimar hyperinflation period or in fact most other scary times, including the great financial crash of 2008, when people were queuing to get their cash out of northern rock its good to have a historically recognised store of value in your own control. I keep 5-10% of my savings in gold.

@sunnyandshare

Is now a good time to buy Bitcoin?

No one really knows, do they?

In addition to the asset risk, there's also a custodial risk with crypto.

Hackers steal $600m in major cryptocurrency heist

Bitcoin tends to go in 4 year cycles, as every 4 years the amount of new bitcoins released with each block halves. The last halving was summer 2020.

After a halving, the exchange rate of bitcoin tends to rise, - slowly at first, then more rapidly, before becoming manic, then crashing somewhere around the 18month post halving mark.

We are getting close to that 18 month mark, but we haven't seen the full euphoria yet.

So if you have a high risk tolerance, can monitor it continually and want to catch the euphoria, its a good time to buy, but be warned that a crash is highly likely fairly soon. If you have a low risk tolerance and want to just buy and hold for a few years, wait 3-6 months.

Not financial advice
Do your own research
Not your keys, not your coins

@cailleachian thanks, that is helpful. I'll keep watch and see what happens.

Personally I would not put more than about 10% of my investments in something as volatile as crypto.
In high inflation times traditionally its commodities that are seen as stable investments. So gold, silver etc. A well diversified portfolio (including property, cash, as well as sector/geographical/market cap etc etc) will help.

Majority of investments are in index funds, ETFs. 10% are in high risk stocks, uranium, crypto pick and shovel stocks. 1% is in crypto and holding long term. Will be researching what other posters have mentioned here though.

Property.

Overpaying my mortgage. We are paying an extra £1k every month. DH is buying shares using employee discount.

Hope to upgrade to a 3 bed flat in a few years so hopefully that also works out due to overpaying mortgage...

@YeOldeTrout

I still think crypto currencies are insanity. This thread doesn't convince me otherwise.

I want to get BTL property but my time has been consumed with other projects ... so I'm just getting poorer instead

I personally think the BTL ship has sailed.