Between the money in the current account and the investments, the saver often has to take some risks to make his assets return over time. In order, in particular, to protect it at least from the erosion generated by inflation. Because it is true that the minimum risk is run by keeping your money all in free stock in your bank account or postal account. But these today are non-interest bearing and will tend to devalue over time.
Furthermore, it is not really true that the money in the checking account is always safe. So let’s see, for money and, in general, for investments, what are all the risks to avoid in these 6 cases. Some possible and some remote. From the liquidity on account above 100,000 euros to the wrong investments. Passing through the dreaded wealth tax and the exit from the euro. But also paying attention to phishing and the hypothetical bankruptcy of the Italian state.
Not everyone knows that money and savings are always at risk in all these 6 possible cases
In detail, money and savings are at risk in case of bankruptcy (default) of the Italian state. Which could in this case initiate a moratorium on public debt. But it is clearly, as mentioned above, a rather remote scenario.
Not everyone knows that money and savings are always at risk above 100,000 euros. When the money is in the checking account. As that of 100,000 euros is the maximum guarantee threshold of the Interbank Deposit Protection Fund. For every account holder.
With the property tax, however, the money is at risk as a share is forcibly withdrawn from the current account. As happened in Italy in 1992. While with the phishing Cybercriminals can empty the checking account of unfortunate bank customers.
Diversification is always the best weapon to protect your money in the long term
Furthermore, like the bankruptcy of the Italian state, money and savings would potentially be at risk in the event of Italy’s exit from the euro. But in theory you can sleep peacefully if you trust the current Prime Minister Mario Draghi, in saying, when he was president of the ECB, that the euro is irreversible.
Finally, money and savings are always at risk with investments, and precisely when they fail. For example, buying shares in a company that then goes bankrupt, not having paid attention to the importance of always diversifying investments.
Recommended reading
What to do with the current account and with the hard-earned life savings in case of war in Europe
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