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What to consider in shopping for your 2022 offshore stocks
People visit the electric carmaker Tesla showroom at El Corte Ingles store in Lisbon. The company and technology-oriented firms are among the best-performing stocks that one can invest in. PHOTO | AFP
With inflation rapidly eating away purchasing power, it is imperative to invest in a vehicle that gives returns above the inflation rate. The Kenyan inflation rate is 5.73 per cent according to data from the Central Bank of Kenya. In the US, it stands at seven per cent, the highest level since 1982.
While allocating your money in offshore stocks, it is advisable to benchmark on the exchange-traded fund (ETF) such as the SP500 ETF to achieve market returns or you can concentrate your allocations to a smaller batch of companies.
