It used to sound happy and hopeful, but now there is mainly disillusionment ... Today is World Savings Day - but many investors are unsettled in the face of low interest rates.
Munich - Is it still worth putting money aside if, for example, you end up paying more with your savings accounts?
The
tz
spoke to financial experts.
Munich expert gives tips: Where it is still worth saving
Sebastian Sippel from Stadtsparkasse München thinks: “Saving has never lost its necessity and meaning.
What has changed is the way of saving. ”There are solutions - but not the classic savings account.
"The number of customers who save conservatively is getting smaller and smaller," says Sippel.
However, given the interest rate development in recent years, this number is still far too high.
+
Financial expert Sippel Sebastian from Sparkasse Munich.
© SSKM
A current study by the opinion research institute YouGov also goes in this direction: According to this, around half of the population even loses money when they save.
29 percent of those surveyed use a call money account - which currently yields an average of less than one percent interest annually.
Which doesn't even cover inflation: the money is actually getting less in value.
Another 24 percent save with the help of a money box, so you get no interest at all.
How it pays to invest money, explains Merten Larisch, team leader of the pension, investment and real estate financing advice at the consumer center Bavaria.
He says: “In principle, you should definitely not skimp on saving!
Every household needs reserves for short-term and medium-term expenses. "
How you should put on depends on how fluid you are.
Larisch explains: "If the liquidity looks good in the long term, you could invest some in equity ETFs and some in time deposits." ETFs - Exchange Traded Funds - are exchange-traded index funds that track a certain share index.
If the economy develops well in this area, you earn as an investor.
+
Merten Larisch from the Bavarian Consumer Center.
© fkn
How should a saver invest 100,000 euros?
An example: A saver wants to invest 100,000 euros.
Larisch: “50,000 euros could be invested in stock ETFs and 50,000 euros in fixed-term deposits.” If the prices rise by 20 percent, then the saver has shares worth 60,000 euros, plus the assets in the fixed-term deposit.
Larisch: "Here a rebalancing would be recommended." The investor could sell shares for 5000 euros and invest this profit in time deposits.
"If you invest in a balanced way, you invest 50 percent of the money you want to invest in equity ETFs and 50 percent in fixed-term deposits," says Larisch.
Those who want to take more risk invest in a growth-oriented way - then the share of stocks increases.
Conservative savers rely on a higher proportion of fixed-term deposits.
Munich: financial expert warns of a fallacy - "Don't let yourself be carried away by euphoria"
Basically important: "Act countercyclical," says Larisch.
So do not sell after price losses, but buy again.
The other way around: “If the courses are going great, you shouldn't let yourself be carried away by the euphoria, but should secure part of your profits in fixed deposits.
And rather wait for price losses to buy cheap. "
The prices rise and rise - our money becomes less and less worth it!
The latest figures from Thursday afternoon show that inflation is currently higher than it has been in 28 years.
Compared to the same month last year, consumer prices rose by 4.5 percent in October, according to the Federal Statistical Office.
That last happened in October 1993.
The rising prices for fuel and heating oil are currently fueling inflation - energy prices have risen by 18.6 percent.
The prices for food climbed by 4.4 percent, such as the statistics office announced.
In addition, the temporary VAT cut has now been reversed - this is another reason why goods and services are becoming more expensive again.
L. Billina, M. Heinrichs * tz.de is an offer from IPPEN.MEDIA
