In which currency is it better to store money?

 There are many ways to store money, so the question is always: "How best to save your money and in what Currency?» Today in our article we will try to analyze and find the answer.

There are several main ways you can save your capital:

deposit in bank.
A safe Deposit box with Jewelry and items of material value.
A regular Savings account in a Bank.
In the form of cash savings at home.
Investing in HYIPs, PAMM, on the stock exchange, etc.
Investing in office management and the real economy.

All the classic ways to increase capital tell us that our risks need to be diversified. Like saying: "You can't keep all your eggs in one basket."After the work with increasing money begins and your own capital begins to grow in your accounts, a reasonable question arises: "What currency should I keep my savings in?»

Economists and managers of large investment portfolios advise you to keep your savings in different currencies, and spread your savings in different shares. many believe that you need to store not only in currency, but also buy real estate, Antiques, items of cultural value. It is important to understand that saving money is just as much work as saving money. To have real money, you can buy real estate, as an example, and rent it out. This is followed by the moment when you select the banks where you want to open Deposit boxes or deposits. There Are several points here:

First, when choosing a Bank, you need to be guided by its reputation.
Secondly, the Bank should be "on the hearing". The Bank must be known.
Third, the Bank must have a large number of depositors.
Fourth, the Bank must have a positive history.

Only after you have selected a number of banks that meet these minimum requirements, you begin to study banking products. Read and learn the conditions for storing money on deposits, what are the conditions for Depository storage in cells, etc.

It is important to understand that many in the pursuit of advertising promises, begin to find banks that offer high dividends, it often happens that such banks do not exist for a long time, so it is important to chase not for profit, but for the safety of funds. There should be several accounts: (the first three are the most common, the rest were selected as currencies that are
In which currency to keep your money

stable, but not always the Bank that suits you can offer these financial products):

Dollar.
Account in the national currency.
Invoice in Euros.
Swiss franc.
Japanese yen.
Let's analyze each of these accounts separately.

dollar account

The United States of America is a country with the largest and most developed economy in the world, its currency is used in all countries of the world, and many mutual settlements are conducted in this currency.
The main significant advantage of this currency is the easy availability of conversion. You can always exchange this currency for the national currency anywhere in the world. The universality of this currency Is its most important advantage. Another significant advantage of the currency is that the US economy shows constant growth, which in turn feeds and strengthens the us dollar. Good stable banks offer deposits in this currency at 8-10% per annum.(However, this also applies to the Euro).

dollar account
Account in national Currency

A Bank account in the national currency is advantageous because it is convenient for mutual settlements within the country, and it is also worth noting that you can always cash
out or make purchases without any problems, without losing money on the current conversion. Accounts in the national currency, banks offer at a higher interest rate, usually 10-12% per annum.
A significant disadvantage of storing money in the national currency is its depreciation. Currency devaluation in the CIS countries can occur with fairly enviable regularity, which means that at certain intervals, you will be able to buy less currency from other countries for the same amount. Banking systems in the CIS countries are not as stable, so it is better to keep no more than 30% of total savings in national banks. If we talk about long-term deposits, it is better to use Deposits in foreign currency, and if short-term deposits can be used in the national currency, which is why banks offer a higher percentage of deposits in the national currency.
Invoice in Euros

The Euro zone, due to countries such as Germany, France, Italy, etc. is a fairly stable structure with a highly growing economy that produces a large number of goods, this is the main reason that the Euro is a stable currency, deposits in Euro banks are usually similar to dollar deposits, banks often offer the same conditions for these two currencies. But since, as we remember, it is not reasonable to keep all the eggs in one basket, it makes sense to open accounts in this currency as well. In other words, if one of these currencies weakens, then the second one will pull the Deposit, and in this case you, as a depositor, will not lose anything. The money supply, after converting such deposits, will remain unchanged in your national currency.
In what currency is it best to store money?
Swiss franc, Japanese Yen and other currencies

Economies of all developed countries such as: Japan, Switzerland, Canada, and the United Kingdom are stable enough to keep their deposits in these currencies. A significant disadvantage of deposits in such currencies is that not all banks offer to open accounts in these currencies. Opening such accounts should be considered from the point of view of diversifying your currency portfolio.

It is better to store money on deposits in banks in different types, and not to store all your savings in one currency. Deposits in the National currency are one of the most risky, they bring a good percentage, but it is risky to consider them in the long term. The best option for storing in the National currency is deposits for two or three months. And it is better to keep Deposits in foreign currency for six months or more. This mobility and diversification will allow you to save and increase your money in your accounts.

For greater reliability, we can advise you to keep money in different banks, this minimizes the risk of loss if the Bank, for some reason, goes bankrupt.
Storage of cash, valuable items, art products, Antiques, etc.

It is better to insure all valuables and keep them in safe Deposit boxes. This minimizes the risk of force majeure, such as fires, robberies, floods, and so on.
Storing cash at home

Keeping cash at home on the one hand gives us the opportunity to be always mobile, on the other hand, it does not protect us from the risk of losing money. It's best not to keep all your savings at home. The occurrence of various force majeure situations deprives us of all means.
Investing in HYIPs and Pamms

Investing in the Forex exchange or stock market brings a good profit, often this profit is higher than the profit in banks, but these are all risky investments, so you should always consider them carefully. The investment amount should not be very significant, no more than 15-20% of the total amount of money. The amount of investment should not hit the family budget. Investing in this industry brings high profits, but we must not forget to take into account the high risks associated with this investment industry. Therefore, the rule about eggs in one basket works particularly well here.

You should not invest the entire amount in one high-risk project, if you split the amount and invest in different projects, it is likely that one of the projects can cover the loss for the other and Vice versa.
Investing in office management and the real economy

Here we are talking about investing your money in a business. There are a lot of options, the most common one is buying real estate and then renting it out. Such investments are long-term, they are designed for several years, the average return on such investments is 5-6 years, but a significant plus is that you always have real estate that can be sold, in other words, it is liquid property, everyone always needs housing, its rental for personal needs, or for business.
Investing in small and large businesses

Quite an interesting niche for investment associated with both high profits and high risks. You've got to understand that investing in a niche, you need to feel the market, understand the business relevance of its relevance in this current situation, given the overall purchasing power of the population. Here you need to carefully consider business plans and anticipate the mood in society. a business project should be interesting, unique and in demand in its niche.this is one of the most important criteria for success in selecting companies and firms in which you want to invest.

So, to sum up, what is the best currency to keep your money in? The answer is simple: you need to store it in several currencies, on different accounts, this will reduce risks and increase the accumulation of profits. in addition to currency, you need to invest money in investment projects, exchanges, invest in office work, buy real estate, buy Antiques and items of cultural value, they always grow in price.