Which form of saving is the most interesting?

  • When keeping your savings at the bank, it is frozen for a long period of time.
  • To speculate in stock exchange involves risks.
  • Investment diamonds and gold are a stable choice in the long term.

Everyone has their proper savings account. And so do you. Nonetheless, we all know it gets less and less interesting. Is the solution to start speculating in stock exchange, to contribute to a pension fund or to buy investment diamonds? The amount of options is enormous and the right choice depends on your final goal. We gladly shed light on some popular forms of saving and investing.

Difficult times

We save our assets ‘for later’. In the short term, ‘later’ can mean buying a house, for example. For those who have already fulfilled this basic need, ‘later’ can mean something completely different. Do you need your savings on a short notice? Then investing in gold or investment diamonds is less recommended. But when you are speculating on the stock exchange, you run the risk of losing a part of your money and if that happens, you might not reach your goal. In other investments your assets are frozen for at least a year. Thus, if you are saving to realise something in a shorter period of time, keep your money in the bank.

Pension savings

According to the financial journalist Paul D’Hoore, saving for your retirement is only interesting if you do not need your savings right away. It does offer tax benefits, but with this form of long term thinking, you can just as well invest in gold or investment diamonds. Since the banking sector has been put in a bad light these days, this type of investment offers you more certainty than pension saving in the bank. Some knowledge is definitely necessary.

Buying shares

Definitely do not put all your money into one company. Spreading assets means spreading risks. If it goes wrong with one, you can compensate your loss with another. Buying shares is no quick win. You have to invest your time for years. If you do not have any knowledge about shares or you cannot count on any help to speculate, do not get into it. But this is the same for all investments.  Investing in commodities such as gold and investment diamonds is a challenge that requires sufficient knowledge.

Gold and investment diamonds

Paul D’Hoore already confirmed years ago that gold is a very interesting investment for those with time. This is no different for investment diamonds. Therefore, investing in commodities is a smart move in the long term. Over the past 50 years, with an exception of the financial crisis of 2008, investment diamonds haven’t decreased in value. But even then, investment diamonds were better protected against the crisis than other types of investments. Therefore, it is the stable choice compared to buying shares. Besides, most of the time you can quickly resell, if you are suddenly in need of extra money. This is an advantage, compared to saving accounts, where you money is frozen for a longer period of time.

Do you have any question about investment diamonds? Do not hesitate to contact our BAUNAT DIAMOND experts.  

Author: Inge De Wee

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