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3. The return on the financial asset. Each financial asset is able (but usually not guaranteed) to bring you a certain level of income, and only cash not only does not bring it, but on the contrary, it often loses its purchasing power over time. The owner of a financial asset can receive income in the form of a fixed percentage on investments made (bonds and deposits), periodically changing payments on investments (dividends on shares), differences between the purchase price and the sale price of a financial asset (securities, gold, foreign currency). The profitability and reliability of a financial asset are closely related.
As a rule, the more reliable the asset, the less income it brings. And vice versa, the greater the return on investment in a financial asset is promised to you, the more likely it is that you will not only not receive any income, but also lose your initial funds. How do the purpose for which savings are related to the financial asset in which they can be stored? In difficult life situations, if they suddenly arise, the main thing is the speed with which you can use your savings, as well as the reliability of their preservation. You cannot afford to risk the savings that you keep “for a rainy day”, because in this case you endanger your own well-being and the well-being of your family. If you save money for certain purposes, the speed of turning your financial asset into money is fading into the background, and you can already think about its profitability, but you can’t forget about reliability, since your personal goal may be compromised. if the necessary level of savings has already been formed, and long-term goals have been achieved, you can think about increased profitability, albeit due to a slight decrease in the reliability of your financial assets. In the latter case, securities, foreign currency, precious metals can become a profitable investment option. In the first two cases of saving “on a rainy day” and for certain purposes, the most obvious option for saving is deposits (deposits).
Today's deposit is a way not only to earn money, but to keep your savings. The fact is that most often banks offer interest rates on deposits that are either equal to inflation or slightly exceed it. Therefore, after the time period specified in the deposit agreement, you will receive an amount for which you can buy exactly the same amount of goods and services as at the time of signing the agreement. But this option is not bad at all, because it is one of the most low-risk. Moreover, it is clearly better than the situation when the money is just at home under the pillow, because in this case every day you lose their real value as a result of inflation.
Deposits are by far the most convenient financial asset in terms of cash conversion. In accordance with Russian law, no matter how long you put your money in the bank, you can pick it up at any time. In the next lesson, you will find out that this will most likely affect the interest you receive, but no one can limit you in returning the amount you deposit. Therefore, even if you have entered into a bank deposit agreement with the bank in the amount of 100 thousand rubles. And for a period of 3 years, you can withdraw this money even on the day of deposit. the only restriction may be the bank's requirement to order large amounts several days before they are withdrawn. This requirement is due to the fact that the bank has a certain limit of cash that it uses to perform cash transactions. if the amount is too large, the bank will not be able to fulfill its obligations to other customers. To prevent this situation, the bank asks to warn about the withdrawal of a large amount in 2-3 days.
TO BE CONTINUED…
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