Many times we wonder how we can save if the prices of products and services rise too fast and at a faster rate than wages. If you think that it is not worth saving, and you are one of the many people who face this problem, take a few minutes and pay attention to these three strategies of how to take care of your savings in inflation time.
Although it is not necessary, we clarify the saving methods that do not work in times of inflation:
1. Keeping money in cash is not recommended, since a minimum inflation, will eat your savings.
2. Keep the money in banks is not a good idea, when inflation is higher than the interest paid by the bank to keep your money with them.
Method # 1
Invest your savings in gold, metals, or jewelry.
In times of crisis, gold, silver and other metals are considered a good investment, since their value does not depend on the situation in your country, but on the global situation.
Disadvantage: If after a while you want to recover your savings immediately, it can be difficult to sell at a good price. Also, being physical goods these could be stolen or lost. Therefore, it is not advisable to save much of your savings in this way.
Method # 2
Save the savings in a stable foreign currency.
If your country's currency quickly loses its value, you can keep your money in a more stable foreign currency. For example, buy dollars, and convert them to your currency only when you need to use your savings.
Disadvantage: in times of medium or high inflation, it can be difficult to find a good exchange rate. In addition, today, the spread between buying and selling currencies is huge, so if your savings is planned in the short term this alternative is only good business for banks and exchange houses.
Method # 3
Invest your savings in assets.
The best thing is to invest your money in projects that involve movable or immovable property, and that their returns exceed inflation.
But, realistically, we know that many of us can not buy something as expensive as a house, a truck, a yacht or a lot of ATMs, an ultrasound machine or vending machines. So how can I do to invest? In SeSocio.com different investment projects are published , and if among all the investors it is possible to obtain the necessary financing amount, SeSocio I Trust, managed by BLC TRUST SA (Financial Trustee N ° 63 Registered in CNV), will perfect the operation in name and representation of the investors who decided to participate in the project. Published projects offer fixed, variable or mixed interest rates. You can also find projects where the gain depends on the revaluation of the property, as in the case of real estate.
Also, SeSocio.com provides a trading platform in which you can sell your shares or tokens in a project directly to another investor. In other words, you can keep your money moving without losing purchasing power, and once you sell your shares, you can invest it in another project of your interest.
Disadvantage: It is so easy to be part of the investment community of SeSocio, that it will be difficult for you not to enter Sesocio.com every day to see the new projects available and the news of the projects in which you have already invested; Above is 100% online!