December 10, 2022

The Catholic Transcript

Complete News World

Your savings money is 'shrinking'.  See where to invest

Your savings money is ‘shrinking’. See where to invest

If savings for a while was the most popular way to save your money, nowadays it’s no longer a good idea. In fact, savings were the worst kind of investment when it came to income. Proof of this is that people’s money is literally “squeezing” into a dead end, after completing 20 consecutive months of losses due to inflation. So, to find out new ways to invest your money, check out the following.

You may also like:

Paulo Guedes intends to improve social programs and the investment field

Your savings money “shrinks”; See investment options

Thus, those with money in savings today lose purchasing power for nearly two years. In April, for example, the return on savings was 0.56% at face value. However, the average inflation measured by the IPCA was 1.06%. This is the highest rate in 26 years. As a result, the book generated a negative return of -0.50% per month.

Additionally, in the 12-month period through April, savings had a negative real return. The biggest loss was in the twelve months to March, with a negative rate of -6.20%. The data is from the survey of financial information provider Economics.

It is worth noting that the last time savings generated real gains in the 12-month period was in August 2020. In other words, savings did not provide any real income for a long time. In fact, it makes your money shrink rather than grow. All this because of their income without inflation.

Finally, the good news is that there are other alternatives to investing. Especially with a high Selech rate. As a result, there are currently fixed income investment options that exceed the profitability of savings and yield returns of more than 1% per month. Among the safe alternatives are CDBs (Certificado de Depósito Bancário), LCI (letters credit Imobiliário), LCA (Letters of Credit for Agribusiness) and the Treasury.

Anyway, do you want to stay informed of everything that is happening in the financial world?

So follow us YouTube channel And on our social networks, like FacebookAnd TwitterAnd Twitch And Instagram. So, you will follow everything Banks Digital credit cardsAnd loansAnd financial technology and topics related to the world of finance.

Photo: Yulia Robacha / Shutterstock.com