Expert reveals top 3 assets to protect your money from inflation

As prices climb higher, these proven assets will help shield your wealth from inflation's toll.

Transcript

00:00I don't think inflation is going away and I don't think the Fed is in a position with

00:05all the federal debt and the incredibly high level of deficits running every year.

00:10Most Americans are not aware that the interest on the federal debt is higher than the Department

00:16of Defense budget right now, which is absurd. That's never happened before.

00:20So we have a lot of very, very inflation-inducing factors influencing our economy right now and you

00:27should be invested accordingly. And statistics and history would tell you that commodities first,

00:35real estate second, and public equities third are best performing asset classes when inflation

00:41comes back. Bonds are a distant fourth. So that's how we're positioned and I would encourage

00:46investors to take a hard look at their portfolios and determine how they're positioned and whether

00:51they should make any changes. This is a really good time to be reflective and think hard about

00:56how you're invested. Be careful. Long term, we're all going to be fine, but short term, it's a bit choppy right now.