Michael Murray on surviving inflation
While inflation has been tame over the past decade, preparing an investment portfolio for higher inflation in the future could be a sensible move
Some investors ignore dividends at their peril because at the outset they often return what looks like a measly 1-2 per cent. But it is their capacity to grow, often at mid-teen annual rates, and the prospects they can offer as a compensation or “hedge” against defined benefit pension schemes that do not compensate for inflation, that attracts me to them.
But this applies only to quality businesses with promising futures. Their initial ...
