... one should avoid long-term deposits, preferring terms of 1-3 months instead. Additionally, the interest rates for deposits in dollars, euros, and the national currency can vary significantly. Rates in dollars and euros are considerably lower due to devaluation risks. It is also crucial to carefully read the contract. Often, banks include a clause regarding automatic renewal of the deposit. In such cases, the client may be unable to access their funds for an extended period, especially if the financial ...

... government bonds. Furthermore, bonds are typically redeemed only after a prolonged period, while the currency can yield profits just months after acquisition. All these factors and more contribute to the asset's ability to preserve funds and protect against devaluation. Sergey Tereshkin recommends using investments in pounds sterling in tandem with other assets. This currency is lucrative and presents a more compelling option compared to various other instruments that can also boast reasonable stability....

... premature withdrawal penalties and the potential loss of accrued interest. Currency choice. For long-term deposits, it is better to invest in dollars or euros. This choice mitigates the risk of losing profits due to inflation fluctuations. In the event of devaluation of the national currency, the investor will still gain profit. However, it is essential to note that foreign currency deposits often come with lower interest rates. This drawback is entirely offset by the absence of devaluation risks. National ...

... uneasy. Let’s examine the likelihood of this scenario, its potential consequences, and how you can safeguard your savings. Historical Examples of Deposit Freezes in Russia Russia has faced several financial crises that included deposit freezes or devaluation of savings. Here are key examples: Soviet Union, 1991: The collapse of the USSR led to hyperinflation and the devaluation of savings in Sberbank accounts, effectively wiping out household wealth. 1998 Crisis: The ruble’s collapse and banking ...

... entrepreneurs not only avoided losses but actually managed to earn substantial profits. This means that crises favor those who can orient themselves in a timely manner and realize assets before their value declines. This approach minimizes losses from devaluation of the national currency, allowing for the acquisition of undervalued assets, and more. Where to Invest Funds During an economic downturn, seasoned investors recommend focusing investments in the following areas: Real Estate. As previously ...