{"id":886,"date":"2025-07-27T20:59:16","date_gmt":"2025-07-27T18:59:16","guid":{"rendered":"https:\/\/financniprirucka.cz\/?p=886"},"modified":"2025-07-27T20:59:17","modified_gmt":"2025-07-27T18:59:17","slug":"jak-investovat-kdyz-je-vysoka-inflace-ochrana-penez-v-nejiste-dobe","status":"publish","type":"post","link":"https:\/\/www.financniprirucka.cz\/?p=886","title":{"rendered":"Jak investovat, kdy\u017e je vysok\u00e1 inflace: Ochrana pen\u011bz v nejist\u00e9 dob\u011b"},"content":{"rendered":"\n

Inflace zvy\u0161uje ceny a sni\u017euje hodnotu pen\u011bz na \u00fa\u010dtu. Pokud nech\u00e1v\u00e1\u0161 sv\u00e9 \u00faspory jen le\u017eet na b\u011b\u017en\u00e9m \u00fa\u010dtu, ka\u017ed\u00fdm rokem ztr\u00e1c\u00ed\u0161 kupn\u00ed s\u00edlu<\/strong>.<\/p>\n\n\n\n

Dobr\u00e1 zpr\u00e1va? I v obdob\u00ed vysok\u00e9 inflace m\u016f\u017ee\u0161 investov\u00e1n\u00edm efektivn\u011b chr\u00e1nit a zhodnocovat sv\u00e9 pen\u00edze<\/strong>.<\/p>\n\n\n\n

\n\n\n\n

\ud83d\udd0d Co inflace znamen\u00e1 pro investora?<\/h3>\n\n\n\n

Inflace je r\u016fst cen v ekonomice<\/strong>. Pokud inflace \u010din\u00ed 7 % ro\u010dn\u011b a tv\u016fj \u00fa\u010det vyd\u011bl\u00e1v\u00e1 2 %, re\u00e1ln\u011b ztr\u00e1c\u00ed\u0161 5 %<\/strong>.<\/p>\n\n\n\n

To znamen\u00e1:<\/p>\n\n\n\n

    \n
  • 100 000 K\u010d dnes \u2260 100 000 K\u010d za 5 let<\/li>\n\n\n\n
  • Je t\u0159eba\u00a0naj\u00edt n\u00e1stroje, kter\u00e9 inflaci poraz\u00ed<\/strong><\/li>\n<\/ul>\n\n\n\n
    \n\n\n\n

    \ud83e\uddf0 Do \u010deho investovat v dob\u011b inflace?<\/h3>\n\n\n\n

    1. Akcie a ETF fondy<\/strong><\/h4>\n\n\n\n

    Historicky nejlep\u0161\u00ed ochrana proti inflaci<\/strong>.
    Firmy zvy\u0161uj\u00ed ceny \u2192 rostou zisky \u2192 rostou akcie.<\/p>\n\n\n\n

    \ud83d\udca1 Vhodn\u00e9 ETF:<\/p>\n\n\n\n

      \n
    • MSCI World<\/li>\n\n\n\n
    • S&P 500<\/li>\n\n\n\n
    • Nasdaq 100<\/li>\n\n\n\n
    • Dividendov\u00e9 ETF (nap\u0159. iShares Dividend Aristocrats)<\/li>\n<\/ul>\n\n\n\n
      \n\n\n\n

      2. N\u00e1jemn\u00ed nemovitosti \/ nemovitostn\u00ed fondy<\/strong><\/h4>\n\n\n\n

      Ceny nemovitost\u00ed i n\u00e1jm\u016f \u010dasto rostou s inflac\u00ed.
      Pokud nem\u00e1\u0161 miliony, zva\u017e:<\/p>\n\n\n\n

        \n
      • REITs<\/strong>\u00a0\u2013 realitn\u00ed ETF<\/li>\n\n\n\n
      • fondy kvalifikovan\u00fdch investor\u016f<\/strong>\u00a0(nap\u0159. Accolade, Investika)<\/li>\n<\/ul>\n\n\n\n
        \n\n\n\n

        3. Dluhopisy s ochranou proti inflaci<\/strong><\/h4>\n\n\n\n

        Nap\u0159. st\u00e1tn\u00ed Dluhopisy proti inflaci<\/strong> od MF \u010cR (pro ob\u010dany).
        Maj\u00ed fixn\u00ed v\u00fdnos + inflaci. Tedy re\u00e1ln\u00fd v\u00fdnos = jist\u00fd<\/strong>.<\/p>\n\n\n\n

        \n\n\n\n

        4. Komodity<\/strong><\/h4>\n\n\n\n

        Zlato, ropa, m\u011b\u010f \u2013 historicky uchov\u00e1vaj\u00ed hodnotu.
        Zlato je \u010dasto br\u00e1no jako \u201ebezpe\u010dn\u00fd p\u0159\u00edstav\u201c, ale v\u00fdnos kol\u00eds\u00e1.<\/p>\n\n\n\n

        \n\n\n\n

        5. Kryptom\u011bny?<\/strong><\/h4>\n\n\n\n

        Nap\u0159. Bitcoin b\u00fdv\u00e1 naz\u00fdv\u00e1n \u201edigit\u00e1ln\u00ed zlato\u201c.
        \u26a0\ufe0f Ale pozor: Vysok\u00e1 volatilita, spekulativn\u00ed aktivum. Pouze mal\u00e1 \u010d\u00e1st portfolia<\/strong> (nap\u0159. 1\u20135 %).<\/p>\n\n\n\n

        \n\n\n\n

        \u274c Co NEfunguje v inflaci?<\/h3>\n\n\n\n
          \n
        • Hotovost<\/strong>\u00a0\u2013 nejrychleji ztr\u00e1c\u00ed hodnotu<\/li>\n\n\n\n
        • B\u011b\u017en\u00e9 spo\u0159ic\u00ed \u00fa\u010dty<\/strong>\u00a0\u2013 v\u00fdnos pod inflac\u00ed = ztr\u00e1ta<\/li>\n\n\n\n
        • Kr\u00e1tkodob\u00e9 fixace s n\u00edzk\u00fdm v\u00fdnosem<\/strong>\u00a0\u2013 nevyd\u011blaj\u00ed dost<\/li>\n<\/ul>\n\n\n\n
          \n\n\n\n

          \ud83d\udcca Uk\u00e1zka: Rozumn\u00e9 portfolio v inflaci (pro st\u0159edn\u011b rizikov\u00e9ho investora)<\/h3>\n\n\n\n
          Slo\u017eka<\/th>Pod\u00edl<\/th>Pozn\u00e1mka<\/th><\/tr><\/thead>
          Akciov\u00e9 ETF<\/td>60 %<\/td>MSCI World, S&P 500<\/td><\/tr>
          Nemovitostn\u00ed fond<\/td>15 %<\/td>REIT nebo fond kval. investor\u016f<\/td><\/tr>
          Dluhopisy proti inflaci<\/td>15 %<\/td>Ministerstvo financ\u00ed \u010cR<\/td><\/tr>
          Komodity (zlato)<\/td>5\u201310 %<\/td>ETF na zlato<\/td><\/tr>
          Hotovostn\u00ed rezerva<\/td>5 %<\/td>Na ne\u010dekan\u00e9 v\u00fddaje<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
          \n\n\n\n

          \ud83e\udde0 Tipy na z\u00e1v\u011br<\/h3>\n\n\n\n
            \n
          • V\u017edy investuj\u00a0dle sv\u00e9ho \u010dasov\u00e9ho horizontu a tolerance k riziku<\/strong><\/li>\n\n\n\n
          • Sleduj\u00a0re\u00e1ln\u00fd v\u00fdnos<\/strong>\u00a0(tj. v\u00fdnos po ode\u010dten\u00ed inflace)<\/li>\n\n\n\n
          • Diversifikuj \u2013 kombinace aktiv ti pom\u016f\u017ee zm\u00edrnit dopady kol\u00eds\u00e1n\u00ed<\/li>\n\n\n\n
          • Inflace t\u011b\u017ece dopad\u00e1 na pasivn\u00ed spo\u0159en\u00ed \u2013\u00a0investice je kl\u00ed\u010d k ochran\u011b majetku<\/strong><\/li>\n<\/ul>\n\n\n\n
            \n\n\n\n

            \ud83c\udfaf Z\u00e1v\u011br: Inflace nen\u00ed d\u016fvod neinvestovat, ale d\u016fvod za\u010d\u00edt<\/h2>\n\n\n\n

            Inflace je tich\u00fd zlod\u011bj. Pokud chce\u0161 uchovat hodnotu sv\u00fdch pen\u011bz a dlouhodob\u011b je zhodnocovat, investov\u00e1n\u00ed je jedin\u00e1 rozumn\u00e1 cesta<\/strong>.
            D\u016fle\u017eit\u00e9 je za\u010d\u00edt \u2013 klidn\u011b po mal\u00fdch kroc\u00edch.<\/p>\n\n\n\n

            \n\n\n\n

            \ud83d\udcac Pot\u0159ebuje\u0161 poradit s konkr\u00e9tn\u00edm rozlo\u017een\u00edm portfolia podle tv\u00e9ho v\u011bku, p\u0159\u00edjmu nebo c\u00edle? R\u00e1d ti p\u0159iprav\u00edm n\u00e1vrh na m\u00edru. \ud83d\udcc8\ud83d\udce5<\/p>\n","protected":false},"excerpt":{"rendered":"

            Inflace zvy\u0161uje ceny a sni\u017euje hodnotu pen\u011bz na \u00fa\u010dtu. Pokud nech\u00e1v\u00e1\u0161 sv\u00e9 \u00faspory jen le\u017eet na b\u011b\u017en\u00e9m \u00fa\u010dtu, ka\u017ed\u00fdm rokem ztr\u00e1c\u00ed\u0161 kupn\u00ed s\u00edlu. Dobr\u00e1 zpr\u00e1va? I v obdob\u00ed vysok\u00e9 inflace m\u016f\u017ee\u0161…<\/p>\n","protected":false},"author":2,"featured_media":887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investice"],"_links":{"self":[{"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/posts\/886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=886"}],"version-history":[{"count":1,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/posts\/886\/revisions"}],"predecessor-version":[{"id":888,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/posts\/886\/revisions\/888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=\/wp\/v2\/media\/887"}],"wp:attachment":[{"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.financniprirucka.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}