As the financial crisis rages through the land we must ask ourselves what will happen to our savings and investments and more importantly what can we do to avoid losses in the future.
In Britain the law secures up to £35,000 of your savings, unfortunately in case the bank goes under the rest of your savings will be lost, assuming the state doesn't intervere.
For investors the situation doesn't look much better as their assets are not secured by the law and they can only watch how the share-prices collapse.
As for what can be done to avoid losses poeple could spread their savings over several banks to minimize the risk and investors tend to reach for so-called "safe havens"-assets such as precious metals, which tend to rise as the value of currencies falls.
Jonathan Colpaert.
dinsdag 14 oktober 2008
Abonneren op:
Reacties posten (Atom)
1 opmerking:
As the financial crisis rages through the land [add a comma] we must ask ourselves what will happen to our savings and investments and more importantly what can we do [what we can do] to avoid losses in the future.
In Britain the law secures up to £35,000 of your savings, unfortunately [add a comma] in case the bank goes under the rest of your savings will be lost, assuming the state doesn't intervere [spelling: intervene].
For investors [add a comma] the situation doesn't look much better as their assets are not secured by the law and they can only watch how the share-prices collapse.
As for what can be done to avoid losses poeple [spelling] could spread their savings over several banks to minimize the risk and investors tend to reach for so-called "safe havens"-assets such as precious metals, which tend to rise as the value of currencies falls.
good flow and clear focus. well done
olaf
Een reactie posten