The issue of keeping savings in a country with an unstable economic and political situation is one of the most important for ordinary citizens. “Keep money at savings banks!” So says the hero of the well-known film, and one cannot disagree with him. On the one hand, and on the other, our banks are also unstable.
So where to keep the money? Based on what you need to choose a bank?
As a rule, when choosing a bank, people usually pay attention to the size of interest on deposits. However, keep in mind that too high interest should be suspicious - you do not want to lose your savings?
In addition, the high rate on deposits suggests that the bank has certain problems, expressed in a lack of national currency. Before giving money for a deposit, study the reputation of the bank. At the same time, pay attention to how long the bank has existed, how it has experienced economic crises, who is the owner, as well as the scope of this institution, if you are used to being careful. The guarantee of the return of the deposit are state-owned banks, but interest rates in them are usually lower than private ones.
In addition to the problem of choosing a reliable bank, there is another question about how to store money.
There is no definite answer to this question, since all currencies are too unstable. Therefore, we consider the most popular options.
- In national currency. If your deposit is targeted and kept for a short period of time. After which you plan to spend it for any purpose in the national currency, it will be profitable for you to store it in it. Moreover, deposits in national currency always have higher rates.
- In dollars. For over a century, the dollar has been considered one of the most stable currencies in the world. However, the latest financial crisis affected him. Nevertheless, if you plan to put money on a deposit for a short period (about 3 months), in dollars it will be more profitable.
- In Euro. At the moment, the euro is more stable, and therefore the European currency has competed with the dollar.
However, what if you do not trust any of the world currencies? What to store money then?
You can store money in gold. Gold deposits are very profitable, but only if it is long-term. So, you conclude an agreement with the bank for the purchase of gold, which is stored there. And although the interest on such deposits is always low, they are growing right before our eyes, along with gold prices.
What to save money if you are not satisfied with all of the above options?
Real estate is a good alternative to financial deposits. You buy an apartment for your savings, and then rent it out - this is your interest. The advantage of this approach is that you yourself control your savings. However, in a crisis, property prices may fall by 2 or more times.
What else to keep money in?
- In securities (for this you must be very well versed in this area so as not to accidentally lose all your savings, or have a professional consultant)
- In art and antiques. Antiquities are a bit of a gold reserve, but there is a risk of acquiring a fake for a lot of money.
- In non-cash currency.
What is the best way to keep money if all of the above categorically does not suit you?
Keep money ... in your wallet! Then they will always be at hand and exclusively under your control. However, there is a risk of losing them. Conclusion: no need to store money. They should work: in stock markets, in your own business, etc.