For those who move important figures (from 100 thousand euros upwards, so to speak) and are looking for a safe haven (100%) in the short term, the bouquet of solutions is not vast.
With this in mind, we present 2 alternatives for those who have money on their current account to invest in the short term on instruments guaranteed by the State. The latter circumstance is linked to the fact that products such as deposit accounts and c / c are protected only up to 100 thousand euros.
The way that refers to government bonds
A first solution refers to the purchase of government bonds. Facilitated taxation (12.50%), issuer guarantee and market liquidity make the instrument a first option.
However, yields on maturities up to summer 2024 are negative. So either you have time horizons that go from autumn 2024 onwards or else you have to be willing to accept a loss. On the other hand, however, there is the sought-after guarantee of the State on the instrument purchased.
For example, the BTP ISIN IT0005001547 was issued on 1 March 2014, will expire on 1 September 2024 (residual duration 3.3 years) and a gross coupon of 3.75%. However, today it trades on the market at around 112.25 cents so the net return is only 0.03%.
Instruments on lower maturities, as mentioned, generally have zero or more often negative returns.
The second of the 2 alternatives for those who have money in their current account to invest in the short term on instruments guaranteed by the State
Therefore, for those who have lower time requirements and need to have a product guaranteed by the State, the best alternative refers to the BFP.
This is the case of the Ordinary Voucher, for example, which lasts up to 20 years but gives the possibility of a full refund of the product at any time. And with 100% security of the integrity of the initial paid-up capital.
It offers undoubtedly low returns, but they are fixed and increasing over time. They are recognized after the 1st year of purchase and after every two months (together with the reimbursement of the voucher).
In short, maximum flexibility in this regard for savers who have little time and want to be free to disinvest when they wish.
Let’s see some examples
Let’s assume we invest 100 thousand euros this morning. In exactly 1 year, the amount paid would be 43.75 euros net, ie a net yield in 12 months of 0.0437%. More than the above BTP but taking less than a third of the time.
Going further, at 16 months a net amount of 58.35 euros is obtained which after 20 months rises to 72.93 euros net. Finally, at the end of the exact 2 years we would have a net credit of 87.53 euros.
They might seem like “ungenerous” returns compared to time and current inflation, and maybe they are. However, the certainty of 100% capital at any time and the guarantee of the state also have their price.
More generally, in the article mentioned here the link we illustrate what a short-term investment in BFPs yields.
So, here are 2 alternatives for those who have money on their current account to invest in the short term on instruments guaranteed by the State. finally, in the article mentioned here the link we indicate which are the great opportunities that the market could reserve from now on for those who have money in their current account.
–
