If you managed to earn and save a tidy sum, which you are not going to spend in the near future, the question inevitably arises – how to save them, and even better, to increase them? It’s a reasonable question because, firstly, money itself can lose its value, and secondly, I would like not only to save it, but also to increase it. What to do wisely, and which ones may be in danger? Let’s figure it out.
The simplest and relatively safe option is a bank savings account. Given that, in accordance with the law, citizens’ bank accounts are insured, this is a fairly safe way. The only drawback is that the more reliable the investment method, the usually less profit. Often, banks reduce the percentage of payments, which was initially not particularly attractive. Given inflation, earned profits may not be significant at all. Deposits in foreign currency practically do not bring profit.
Many financial institutions offer to invest your capital at better rates. In this case, you become, in a sense, a participant in the financing of a company (or several). In the case of their successful work, your profit will increase significantly, but you must be prepared for the exact opposite result. Given the potential risk, you should not place all the funds available to you in this way. So, investments are a very profitable option, but the risk increases accordingly.
When your friends, acquaintances, and colleagues find out about your search for ways to place finances, they can offer you to invest in some kind of joint venture. Or you found out about a similar offer from advertising. In any case, this may turn out to be the most profitable way to place your savings. As a co-founder, or one who has become the main shareholder, the possible profit cannot be compared with any interest or investment. However, the risk of such investments increases tremendously. You can not only lose everything, but also be in debt, and even be accountable to the law. This does not mean that any very advantageous offer must be regarded as an adventure. Rather, it means that you must be prepared for any outcome.
There are, of course, other opportunities to profitably place their capital. Someone prefers to do this in banks of other countries. Sometimes it is really justified. For this, you may need to legitimize your stay in another state. How to easily register in another country can be found on the website. It will take a lot of time and effort to conduct a thorough and competent study of all aspects of this enterprise. And if you are a beginner in this business, consultation of competent specialists in the field of financing will not hurt.