As inflation bites, adviser says to own ‘real assets, hard assets’

Host Kevin Kelly, Kelly Intelligence Founder, CEO, and CCO, and his panel of experts weigh in on the October Consumer Price Index data, which showed that inflation remains elevated, and whether middle-income households without investments are hit hardest. Today's panel includes Drew Pettit, Roundhill Investments' Chief Investment Strategist; Robert Schein, Blanke Schein Wealth Management's chief investment officer; and Christine Short, TMX Wall Street Horizon's Head of Corporate Event Research. Video Transcript 00:00 Speaker A Yeah, so so my point is is that that the CPI has always been flawed, right? And it always comes down to the kitchen table, what we're spending money on. So, I don't know how you stop the cost of education going up double digits or even housing right now. And then also the wage inflation needs to keep and, you know, keep in there and hang in there for us to even afford healthcare. I mean, this is really what the issue is. 00:26 Speaker A And what we advise, you ask me how how we position and advise clients, historically speaking, when you are in inflationary environments, you want to own real assets, hard assets. You want to own stocks, you want to own the golds and silvers, you want to own real estate, you want to even own baseball cards. Those will stay ahead of inflation over time and the number one liquidator of all debt is inflation. 00:53 Speaker A So, this is part of central governments, maybe can use this, I I I, you know, to even get rid of some of the debt issues that we have, but if you're middle America and you don't have an equity portfolio or investments, you're hit hard. And that's what we heard last week, not only in the midterms, but this is a persistent issue moving forward for, you know, basically the consumer. View Comments