Where and how to store money - the advice of a financial expert
May 03, 2018
money in the savings bank, if any. But if people had money at the time of this film, which was enough not only for running costs, but also for putting them in a savings bank, now it is more difficult to save money, and even more difficult to decide: where and how to better store the savings. We will try to answer this question with the help of financial experts' advice.
The contents of the article:
How to store the savings of
You have accumulated or decided to save money and think what is better to store the accumulated?- This is a very interesting question, since it depends not only on the preservation of savings, but also on the possibility of multiplying them. If you have "extra" money, it is better to invest in something or spend on the right products, since the accumulation of money is always, though small, but a risk.
First you need to determine how much you plan to save, the frequency and size of the replenishment, and the purpose of accumulation. If you save for a long-term perspective and do not plan to withdraw the accumulated funds in the near future, experts recommend keeping money in gold. Gold is a "currency", which is not afraid of course differences, and besides, it is the storage of funds in gold that will help you not only not to lose the accumulated, but also to multiply it. But this is all provided that you plan to postpone this money for the long term. If, on the data savings, you have a goal of any purchase, and you will not save for several years, then gold is not your option.
If you live in prosperity, you have the amount of money for a "black day" and for any emergency unplanned expenses, then your savings are best invested in something, so they will not just accumulate, but alsoproduce a profit. This can be either opening a deposit account in a bank or investing in something: investing in one's own business or into someone else's business, buying shares or securities, etc. Another option is the purchase of real estate, which can then be sold or rented and receive a monthly profit.
And, of course, the most common way to store your savings is money. The advantage of saving money in money - you can spend it at any time, without the need for cashing.
In which currency to deposit money
In which currency is it best to store money? It is very difficult to talk specifically about how to keep money, because the political and financial situation in the world is so unstable that by calling one currency today, tomorrow it may start having problems. Of course, you need to choose the currency in which to keep money from the world or national.
Before deciding which currency to keep the money, you need to see: the dynamics of the exchange rate of certain currencies, world news and the news of the country to which the currency belongs. If everything is stable in the country, the fluctuations in the exchange rate are insignificant and there is even a dynamics of increasing the value of the currency, then choose it.
Rubles, dollars, euros?
Most often, Russians choose one of the following currencies to store their savings: rubles, dollars or euros. Let's look at each of these currencies and look for even more advantageous options.
As a currency for storing savings, rubles are a pretty good option, especially if you receive income in rubles, since you will not incur waste as interest for currency exchange. The situation in the country is stable, and the oil and gas reserves will last long. ..
America is a superpower, and its currency is the dollar, on which the whole world economy rests. Despite the economic problems in the US and the colossal public debt, the dollar does not give up its positions, although it is a "soap bubble".Keep the savings in dollars is best not for long, and already further navigate the situation. The accumulation of long-term investments in dollars is somewhat dangerous, but it is still possible.
The Euro is the currency of the European Union, the most unreliable currency for keeping its savings. First of all, the unreliability of the currency lies in the bad economic situation of some EU member states. Surely you have heard about the difficult economic situation in Greece, which has long been in a state of bankruptcy. There were a lot of assumptions and even European politicians expressed an opinion about the exclusion of Greece from the European zone, but it is not let go and is kept by credits. If Greece still emerges from the EU zone( toli alone, toli by its exclusion), then it can cause a chain reaction and threatens the existence of the entire eurozone. Not so far from Greece, Italy and Spain have gone. The second reason why savings should not be kept in euros are conflicts within the EU itself, between the member countries. Based on this, we do not recommend that you keep your savings in euros.
Yuan is the currency of China, where all world production is concentrated. China is really a grandiose country in which the absolute majority of goods are exported to almost all countries of the world, and it is on China that the world economy is de facto tied. A large number of companies have invested and will invest in assembly plants in China. In addition, the United States itself has debts to China. Proceeding from this, the yuan is a very good currency for the storage of its savings.
In which currency it is better to store money
Experts advise to keep their savings in several currencies, for example, in rubles and dollars, or in rubles and yuan. Due to the fact that savings will not be concentrated in one currency, then you will not be afraid of fluctuations in the exchange rate.
Many people think about whether to store money in digital currency or not. For our part, we do not recommend this, since if you do not have direct income in digital currency, you will lose a large percentage of savings on their input and output.
Where is the best way to store money
After you have made a decision about how to keep your savings, it is necessary to decide where it is more profitable to store money. To date, most often for the storage of money use three options: an apartment, a bank and a bank cell.
The apartment is the easiest way to store money, because you know that the money is at your fingertips and so many are more relaxed. But this is the most insecure way, because if intruders get into your apartment, it is likely that they will be able to find and steal savings if you do not have special means for safely storing them.
In the bank your money savings will be safe, and at the same time you can multiply your savings, but there is still a small share of the probability that something can happen to the bank where you keep your savings.
A bank cell is something in between storing savings in an apartment and in a bank. You pay the bank for renting a cell and in it keep your money. The disadvantage is only the payment for renting a cell, the probability that something will happen to the bank's repository is very low.
Where and how to store money at home
Options for storing money: under the mattress, behind the picture, in the sideboard, in the casket, etc. Is the most incorrect option. To keep money at home is best in a very secret place or in a safe that can not be moved and opened. The cost of a safe is not so high, but you will protect your savings, and in addition, you can store valuable things and documents in the safe. Pay special attention to the place of installation of the safe and its locks.
Where to store money for Feng Shui
And here, for example, Feng Shui recommends saving money for a specific purpose: purchase of household appliances, furniture, repair, apartment, car, vacation, etc. Also, Feng Shui advises you to keep your money not under the mattress, not in the closet and in other places loved by people, but in special red envelopes. In general, it has long been recommended to store money in red boxes, but in view of their inconvenience, a more practical option is the red envelopes.
These envelopes can contain their own hieroglyph, which will help in matters of accumulation of money. For example, if you save money for payment of debts( a loan or a mortgage), then it is best to use an envelope with a hieroglyph designating "fairness."If you save money for a certain purpose, then for this purpose it is best to put the symbol "wealth" on the envelope. We decided to save money for certain expenses, for example a trip to the sea, then an envelope with the symbol "prosperity" will do for this.
Also, Feng Shui recommends storing money in a certain sector - in the southeast or east. As for the storage location, the philosophy of Feng Shui recommends that you choose either a safe or a desk drawer or curbstones that lock.
A famous actor from a well-known film recommended that citizens keep