Inflation ... it looks like it is here ... NOW.
Consumer Price Index #s (CPI) just came out for July & they show double the increase that was expected. DOUBLE! Inflation is now running at its highest rate in 17 years. (Can you even remember 1991?) HIGHEST IN 17 YEARS!

That's a problem. The CPI reflects the cost of goods. If we are paying more for the "stuff we gotta' have" (gasoline, food, clothing, etc...) we don't have money for the "stuff we want." If we can't afford the stuff we want (like eating out, going on vacation, going to the movies) the economy is bound to suffer. Can you say "recession?" I know you can.

And in a recession, chances are your investments could take a "hit" too. UGH!

So what can you do??

Here are some ideas to consider:

• Increase the Foreign (emerging) portion of your holdings.
• Look into TIPS (Treasury Inflation-Protected Securities).
• Don't give up on Real Estate... all real estate is not the same.
• Consider owning "hard asset" securities in your accounts.

If inflation is really here, fasten your seat belts ... it is bound to be a bumpy ride.