That is why the Stiftung Warentest advises against cryptocurrencies such as Bitcoin
Created: 03/30/2022, 16:52
By: Janine Napirca
Do you invest in cryptocurrencies to protect your money from inflation?
© Paulo Lopes/Imago
The inflation rate increases.
To save money from expiration, one can invest in cryptocurrencies.
According to a report by Stiftung Warentest ,
the
inflation
rate in
February 2022 was
5.1 percent
– the highest since 1992.
Because interest rates were different back then, savers were able to keep their assets in real terms.
According to the report, this is currently no longer possible.
The
real interest rate
is lower than it has ever been in the post-war period.
Nevertheless, according to the Federal Statistical Office, more than
2.9 trillion euros were parked in current or call money accounts
or invested in the interest market in Germany.
According to the report, it is not clear whether and when the real interest rate will rise again.
The Bundesbank even expects inflation to continue to rise and is forecasting an inflation rate of well over 3 percent in the medium term.
How do you invest your money?
Would you like to invest more in 2022?
The Stiftung Warentest advises:
Despite minimal interest, you should always have a cash reserve of about three months' net salary for emergencies or unexpected expenses.
Widespread world stock ETF for the stock side with the seal "1.
Choice".
A fifty-fifty mix should be acceptable to most investors.
Despite the extremely low interest rates, avoid taking out too much credit to buy a property.
At least 20 percent should be available as equity
Save Your Money from Inflation - The Risk of Real Assets
You can invest your money in tangible assets such as
stocks, real estate, precious metals, but also works of art and collectibles
.
The disadvantage: prices of real assets cannot be predicted.
According to Stiftung Warentest, it is only afterwards that the investment was worthwhile.
Without interest investments, you cannot protect your money from inflation
Although interest rates are currently poor, Stiftung Warentest advises against completely forgoing safe interest investments, as they ensure
stability
in the
investment
, are not subject to fluctuations in value and you remain liquid.
You are also more flexible if something unforeseen happens.
Investment – invest and calculate for the long term
Money investment depends on various factors and is above all individual.
What is the right investment for one person may be less suitable for another.
What does a sensible combination of material assets and overnight or fixed-term deposits depend on?
personal financial circumstances
financial responsibilities
Willingness to take risks
According to the report, investors should only put as much money into tangible assets as they can spare in the long term (10-20 years).
According to Stiftung Warentest, bitcoins are not an alternative
Stiftung Warentest considers
cryptocurrencies
such as
bitcoins
to be extremely speculative.
According to the report, even if Bitcoin and Co. continue to rise in price, they cannot offer investors
any reliability
, although this is exactly what is urgently needed in times of high inflation.
Stiftung Warentest also does not consider other (joint) ownership to be suitable protection against inflation.
Irrespective of whether it is a question of wind farms, shipping containers or media funds - the risks are difficult to calculate and the returns are uncertain.
Read here what you should avoid if you want to get rich.
ETF savings plan as an old-age provision for the entry into professional life
Stiftung Warentest recommends that young people take out an
ETF savings plan
.
Anyone who stays with them for decades has good prospects of high capital growth.
Find out which banks and brokers have particularly cheap ETF savings plans.
(jn)
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