Protect Your Portfolio From Inflation

It’s not an immediate threat, but some warning signs say to set up some defenses now.

A graph with the word inflation written on it
(Image credit: Getty Images)

Investors like inflation about as much as everyone on Dallas liked TV villain J.R. Ewing. The animosity is understandable: Rising prices eat into investment returns and erode the value of retirement savings. And if you’re old enough to have watched the prime-time drama that dominated the 1980s, you likely remember periods of runaway inflation—such as from 1970 through 1980, when it averaged an annualized 7.8%, cresting at more than 13% in 1980. These days, the prospects for inflation are less intimidating. Even so, investors should consider protecting their portfolios now.

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Ryan Ermey
Former Associate Editor, Kiplinger's Personal Finance

Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.