What is "inflation" and how does it impact my investments?
Inflation is really a long-term risk as it relates to our investments. All that inflation is, is it's the cost of the goods and services that we buy. Over time, the cost of goods and services go up. If we were just to take our money and shove it under the mattress, our money would actually lose value every year because the goods and services that we can buy with that money are becoming more expensive. So as investors, one of the minimum things we need to do is stay ahead of the rate of inflation and the taxes we pay for the growth of that money.