Q: What are the ways to beat inflation other than invest in gold, stock, commodities, realestate, antiques, arts?
I am from India. Here in india inflation is very high. The real inflation is about 15% per annum. If compounded almost every five years the prices of almost everything doubles. Yes, 100% total inflation every five years once. I want a good suggestion / idea to beat the inflation other than the known sources like investment in FDs stocks, bonds, commodites, realestate, antiques, arts which is generally adopted by everybody. I am looking for a novel idea or solution relally works because the above mentioned most of the items are almost( note : almost) speculative in nature. Please do not argue or discuss these above mentioned items. I am lookig for some other good idea in investment to beat the horriable inflation the real killer. Help will be of great use in this idea.
Goldsenze Answer:
invest in a business, you know start one up if you can or get a few people inerested and start a partnership that would help cut start up costs, but i?v never been to India so there might be some legal red tape to get through, i know that in the US you have to get registered with the government so they can tax you and have records
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