Consumer prices continue to rise, our purchasing power is eroding. The reappearance of inflation inevitably impacts the way in which we must manage our savings.
The French are the savings champions. But we are not all finance specialists. According to a recent study [1}, security is the number one quality sought in financial investment. This is why “safe” investments – such as the current account, the Livret A or the life insurance contract in euros – are popular.
When inflation is zero, this strategy does not pay much. But in an inflationary context, this ultra-conservative approach is destructive of purchasing power.
Let us distinguish between different categories of savings. Let’s start with the absolute emergency pocket, which is also called “precautionary savings”. This money must be permanently available, in order to be able to cope with an unexpected blow. So no question of taking risks. But don’t bother to make him sleep on a current account, unpaid, or a bank book in a big bank, which pays 0.1% on average.
Think for example of the Cashbee booklet, which pays 3% for the first 3 months (up to a limit of 75,000 euros) and 0.7% thereafter, with no real limit on the amount. The booklet is opened with My Money Bank, a French bank supervised by La Banque de France. The money deposited is therefore covered by the Fonds de Garantie des Dépôts, which guarantees the deposit up to 100,000 euros per customer. This booklet opens in minutes via the Cashbee app, with no paperwork and no fees, from 10 euros.
Once the “hard blow” savings have been made, let’s focus on longer-term investments. With which you can afford to take some risks, and aim for higher returns. Because one (yield) does not go without the other (risk). Beware of tempting offers that promise you eye-popping, risk-free returns!
Among the more defensive solutions, consider real estate investments. No need to be a millionaire to invest in stone. Funds such as SCPIs, OPCIs and SCIs exist to allow you to invest in building portfolios, even with a modest budget. Cashbee has also selected two, accessible in the app from 1000 euros, and always via a 100% mobile and paperless journey.
Cashbee also offers riskier investments, potentially even more profitable. Like the thematic portfolios Climate, Inclusion or Impact. In short, alternatives allowing you to diversify your savings, build a portfolio of complementary investments, and make your savings work over the long term so as to beat – and no longer suffer – inflation.
