An article in the U.K. Daily Mail reported that Lusha, a chimpanzee in Russia, outperformed 94% of the country's investment funds. Her portfolio increased by 300% in the last year.
It occurred to me that Lusha could counsel investors how to deal with the inflation they are so confident is coming. I have no doubt her advice would be superior to what investors are getting from most of their "investment professionals."
Before succumbing to the gold rush, consider these facts about inflation:
- If everyone really believes inflation is inevitable, stock and commodity prices have already factored that belief into current prices. Specifically, that means that gold is fairly priced today. The reality is that no one knows whether the future will bring inflation, deflation or a continuation of the status quo.
How does Lusha deal with commodities? She has a globally diversified portfolio of stock and bond index funds. The stock index funds include companies involved in commodities.
I have given Lusha the Solin 5 banana rating, but her past performance is not an indication of future returns.
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