#7996
Re: Carteras de fondos de Billyrex para el 2021: análisis, comparaciones, cambios, consultas...
Muchas gracias a Moclano y Ervigio por estas informaciones y explicaciones. Son muy clarificadoras para los que estamos empezando.
How to protect your investment portfolio against inflation
[...], the vital thing is to avoid fixed-interest bonds which currently yield very little and will inflict big capital losses in a more inflationary environment. The longer the duration, the greater the potential for capital loss. Index-linked gilts are also a mixed blessing because they have a negative yield and are thus an expensive and imperfect inflation hedge.
In equities the link with inflation is loose. They are nonetheless a better hedge than bonds and good quality equities should, at least in the long run, provide protection against a rising price level. Note, though, that value investing may gain some ground relative to growth investing because with higher interest rates the present value of growth companies’ earnings will be less due to higher discount rates being applied.
Now the opportunity cost of holding gold or commodities is less than it’s ever been. [...] It thus makes sense to have at least a small portfolio stake in gold or commodities, with the additional advantage that they provide genuine diversification.
Agustin Carstens, general manager of the Bank for International Settlements, described it as “a combination of a bubble, a Ponzi scheme and an environmental disaster”. That will not deter its passionately ideological devotees. Just bear in mind that faith-based investments can go down — sometimes a very long way down — as well as up. There are safer ways to inflation-proof a portfolio.