Choose carefully where you save your money is important, and your choice depends on your needs, objectives and personal financial goals, but note that the savings will allow you to have liquidity, ie the possibility of having your money at the time you need it but the interest or income that this option will be very low or even zero.
Needless to say, in these troubled times, save money at home or under the mattress is a very high risk action, where in addition to compromising our personal integrity is very easy for the instability of the economies losses are significant only by the over time.
Unlike the alternative of investing is subject to certain times or to develop certain events, for example: That your fixed the deadline, completion of the sale of a house, stocks, of metals or currencies, which have concrete business operation, etc., it is clear that if an investment is the possibility of higher profits, this performance will be determined by the level of risk and opportunity, that is, the circumstances of the moment where it is necessary or desirable to pay off the investment.
There are a variety of instruments saving seeking to meet the particular needs of each business or family, choose the best for you is determined largely by their ability to save; the best thing would be to attend a bank or other financial intermediary to a specialist adviser guide him in detail.
Be careful, some savings options outside of the regulatory and supervisory authorities can offer seemingly better or higher yields, but can endanger your savings. Not take unnecessary risks.
In Mexico, in addition we have the IPAB, which is the Institute Protection of Bank Savings and to learn more about the limits and assumptions to implement the "Deposit Insurance" can enter: www.ipab.org.mx
Listed below are just some the most common savings options, which may vary according to country or region concerned, and the services and rate these instruments can offer vary depending on the amount deposited, the time and risk you want to assume among others, but before making a decision I suggest you make sure you understand perfectly the characteristics of the product, its rights and contract obligations.
• Savings Account • Checking (with or without interest)
• Promissory Notes (a term)
• Mutual funds • Insurance
• Other instruments with fixed or variable
• Afore Account (voluntary savings - see withdrawal restrictions)
Until next time.
