How can I preserve the purchasing power of my savings?
Banks hardly pay any interest on savings accounts these days. What’s more, inflation and wealth taxes reduce the purchasing power of savings in the long term. So investors should take steps to preserve their value. In the past, non-cash assets have proved particularly successful – such as shares in solidly financed companies that have considerable pricing power. Real estate offers a certain degree of protection too. Some bonds also generate higher returns than a savings account. Arrange a free meeting with a VZ consultant to find out more.