Le Revenu advice to protect your savings. (Fotolia)
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The geopolitical crisis and its multiple impacts on the stock market and economic activity disrupt the management of your investments and impose decisions. Act but don’t overreact! Revenue advice to get through this anxiety-provoking period.
How to protect your savings from the sanctions put in place against Russia? Gold is up 13.4%* since the invasion of Ukraine but there is no guarantee of a lasting rebound.
The sawtooth evolution of prices during the last geopolitical crises (North Korea against Trump in 2017, Russian invasion of Crimea in 2014, attacks in Madrid and Moscow in 2004 and 2010) reminds us that the yellow metal no longer prospers automatically in times of stress.
And Bitcoin? It is sometimes presented as “digital gold”. But, given its extreme volatility, it is more an object of pure speculation than a safe haven.
Investments: diversify further
To get through the Ukrainian conflict, the most effective solution is to further diversify your investments. Keeping plenty of cash is also essential. With prices rising more than 3% year-on-year, the cost of holding cash is high, but at least your money is sheltered from major asset declines.
Better, when the time comes, you will have the necessary means to seize opportunities that will not fail to arise.
Real estate, life insurance, stock market: our advice to protect your savings
In real estate, pursue your projects if you have the required visibility on a personal and professional level. We don’t buy or sell a
