UPST - Worried About Inflation? These 5 Stocks Can Help
As the COVID-19 pandemic begins receding in the U.S. and the economy begins to reopen, shortages of goods and high government spending have inflation on the rise in some areas. Gradual price increases over time are actually a good thing. It's indicative of a healthy economy. However, after more than a decade of inflation running too cold (less than 2% a year), worry is mounting that the rate will jump to unhealthy levels as consumer and business spending activity picks up the pace this year.
For the record, I think this will be a transitory problem and high inflation will moderate in a year or two as effects of the pandemic ease. Nevertheless, it never hurts to have your portfolio ready for all sorts of conditions. That's why I've been loading up on PayPal Holdings (NASDAQ: PYPL) , Square (NYSE: SQ) , SVB Financial Group (NASDAQ: SIVB) , SoFi ( Social Capital Hedosophia Holdings V (NYSE: IPOE) ), and Upstart Holdings (NASDAQ: UPST) .
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Worried About Inflation? These 5 Stocks Can Help