Gold, stocks, bonds: Stiftung Warentest shows which investments offer the best "inflation protection".
Created: 05/09/2022, 15:15
By: Juliane Gutmann
Investors are worried about the current high inflation.
In fact, this can have a negative impact on returns depending on the type of investment - but not in the case of the following investments.
How should I currently invest my money without it losing value?
A hotly debated question against the background of high inflation.
The Stiftung Warentest, a large German consumer organization, has evaluated
which asset classes yield particularly good returns and thus offer good protection against inflation in the long term.
The real yields (i.e. yields after deducting inflation) of stocks (MSCI World and Dax), gold and bonds (German government bonds and one-year German government bonds) were compared for this purpose.
The result was clear.
Invest in gold?
You can find out in the text whether this is a good idea.
© Boris Roessler/dpa
Stocks outperform gold and government bonds
The essence of the Stiftung-Warentest comparison is that equities are among the asset classes with the best return opportunities.
One-year government bonds could not keep up.
The real average returns in comparison (evaluation period: 1970 to April 2022, average inflation in this period: 2.7 percent):
MSCI World: 5.3
gold: 3.5
Dax: 3.4
German government bonds: 3
One-year German government bonds: 1.8
Financial experts conclude: The world stock index MSCI World offers the investor the highest protection against inflation in the long term.
In view of the fact that the stock markets change quickly and the increase in value of bonds and gold cannot be guaranteed, "
we recommend a mix of different forms of investment
: world equity funds as a yield component for the portfolio, plus interest investments - even if they are hardly profitable, they are nevertheless necessary as a safety anchor", according to the recommendation of the Stiftung Warentest financial experts.
Gold
is suitable as an addition to the depot
and energy and commodity funds are also an intelligent addition idea, it is said.
“Inflation-linked bonds can also protect against inflation.
However, investors should note that bonds can make losses when the turnaround in interest rates comes and interest rates rise again," according to the Stiftung Warentest recommendation.
(jg)