Mrs. Figaro. – When you start, where to start?
Alix de Renty. – I advise to carry out a general inventory, to be renewed each year: how much do you have on your accounts, passbooks, borrower insurance, social protection, possible life insurance? What is the value of your property if you own one? Then, deduct from your income your fixed expenses (nanny, school, rent, shopping, holidays ...). What is left is savings. You received a donation, a bonus, a balance of any account? All of these identified sums constitute your investment capacity. If you do not fit into any of these scenarios but you repay a mortgage, do not panic: it is already an investment.
- Join La Fabrique Littéraire Madame Figaro, between writing workshops and exclusive meetings with prestigious writers
How to build an investment strategy?
It comes down to asking a question: what are my projects? Do I need to supplement my income for my retirement? To anticipate the financing of children's studies? Do I want to feel free to go part-time or start my own business at 45 or 50? I will then need additional income in the more or less short term. I will keep part of my savings so that I can draw regularly at first time (the Livret A and the LDD – currently at 3% guaranteed return – remain a good option, even if they do not fully compensate for inflation) and invest the other part (which I can benefit from later). Investing is a riskier strategy, which is played out over time: it takes at least five years, often eight, to reap the benefits. Hence the importance of starting early.
Read alsoFrom 25 to 60 years, whether you have a capital or 100 € per month, where to place your money according to your profile
Are there any essential investments?
It all depends on the profiles. Depending on your plans, choose liquid assets, which can be sold quickly (shares in listed companies, investment in a listed fund, etc.). Or bet on illiquid assets, that is to say that cannot be sold quickly and whose exit date you do not precisely control, which explains their better return: this concerns investment in unlisted companies via private equity structures most often; the purchase of securities in the company of a friend or relative; real estate investment. The ideal is to diversify everything, by varying the investment horizon, return versus risk, etc.
I advise my clients to trust a management under mandate at the outset in order to give themselves time to learn.
Alix de Renty
Capital gains from investments in private equityor equities are subject to the flat taxof 30%, which reduces their attractiveness...
This is why two solutions exist: you can invest via a capitalizing tax envelope, such as the PEA, or through life insurance. The first is capped at 150,000 euros, but it is already interesting. And after five years, if you take money out of this PEA, you only pay social security contributions (currently 17.2%) on the capital gain, and not the famous 30%. Life insurance allows you to withdraw money at any time. You will only be taxed on the part of this withdrawal that corresponds to the general capital gain. Thus, if I placed 9,000 euros on a life insurance that produced 1,000 euros of return, these 1,000 euros represent 10% of the value of the whole (10,000 euros). If I withdraw 2,000 euros, I will only be taxed on the share of the proceeds of this sum, i.e. 200 euros (and not on 1,000). In addition, from the eighth year, €4,600 per person (i.e. €9,200 per couple) can be deducted from the annual products. You can therefore withdraw an amount of up to 9,200 euros of products without being taxed. This makes it a good investment vehicle for the long term.
Can we go it alone?
This can be very stressful, risky and time-consuming... After establishing an investment strategy with my clients, I advise them to trust a management under mandate at the outset in order to give themselves time to learn. The right manager makes the investments for you, according to your specifications (buy European shares, green ...), and he reports to you. This involves paying a global fee, which amounts to approximately 1% of the amount deposited.
How to choose the right interlocutor?
It is, I think, a question of meeting – hence the idea of making an appointment with several bankers... The best interlocutor is probably the one who listens to you, takes charge of your situation, and whose answers are always clear to all...