Many citizens have savings that they are trying to increase, or at least save from inflation and exchange rate fluctuations. Against the background of the crisis, more and more people begin to wonder – where to invest money so as not to be in the red? In the following article, we will have a look at the following topic comprehensively.
Investment in Currency
The most stable currency is the dollar. According to economists’ forecasts, this currency is not going to fall yet, so during the crisis, it will help to effectively save your own savings and save you from inflation. In addition to dollars, money can be invested in euros, Swiss francs, yuan, and pounds sterling. These are the currencies that are used worldwide in numerous industries. Whether you are playing on the 22Bet casino website or purchasing goods online, USD and Euro are dominating the market.
When creating a dollar deposit, you will have to regularly monitor the economic situation. The policy of the United States and the economic state of the country will be unpredictable.
Opening Bank Deposits
In a situation of economic crisis, deposits in reliable domestic banks will be one of the best ways to protect money from inflation. Keeping money in a safe deposit box is much more profitable since interest is charged on the balance of the deposit. Some financial institutions allow you to open a deposit of several dollars even.
When choosing a deposit, you should rely on the following criteria:
- The possibility of withdrawing funds before the end of the deposit.
- Presence of bank offices near the place of residence.
Where Not to Invest?
During the crisis, investing in certain traditional assets has become risky. Some will not bring income; some will lead to the loss of savings. Do not invest in:
- Real estate – The situation in the real estate market is controversial, as it is not yet clear how it will be affected by various taxes. Especially with caution should be treated to expensive real estate;
- Shares and bonds – Even in a stable economy, investing in securities is risky. It is not always possible to say with certainty which companies will continue to operate and which will close.
The most unfortunate solution in a crisis is to open your own business. New small enterprises, even in conditions of economic stability, are experiencing difficulties.
The crisis dictates its own investment rules, but even in situations of instability, you can find assets to invest your money and save them from inflation.