How much do you have in your account? Investing?: Laura breaks a taboo and talks about her money

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What do my colleagues earn? How much money does my neighbor have in his account? What does my spouse earn? The answer is usually: I don’t know. Because in Switzerland, the subject of money is often taboo, even in the closest circles. “You don’t talk about it, you own it” is a joke. For most people, dealing with money begins in childhood. First with the savings column, then with the pocket money. Often there is also an initial savings account at the same time. The topic of money accompanies us from an early age.

After you earn your first salary, the balance between income, expenses and savings becomes important. So how much do people care about their financial situation and how they can manage their money sensibly? In Switzerland, a banking country, most people regularly put money aside. In fact, we are at the forefront with our savings rate of over 20 percent.

The definition of savings is: “Not spending money, but saving it for a specific purpose.” So what happens to him next? What will happen to the assets? What is saving done for? The video survey provides some examples.

Most of the time, money is set aside for retirement provision. According to the Federal Statistics Office, 60 percent of employed people pay into column 3. Money is also set aside for unexpected situations and of course saved for the dream of owning your own home. The majority of these reserves remain in the account. Only half of Swiss households invest in investment products. This is shown in the investment report of PostFinance and Lucerne University of Applied Sciences.

Meanwhile, interest came on the money again. But inflation eats away at savings. In this regard, despite the risks of price fluctuation, a longer-term investment horizon can often provide a better return than a savings account. You don’t have to be a financial expert to do this. However, you should review investment products or seek advice.

Lack of interest in financial matters, lack of knowledge about investment products, and the common misconception that you need a lot of wealth keep many people from investing. The creation report also reveals this clearly.

It’s never too late to worry about your financial future. Be it with a good savings or investment plan. Anyone who wants to invest can transfer their financial transactions, choose a solution that includes investment advice, or invest independently.

Whether or not a person invests their money in which investment solution and which investment strategy depends on various factors such as knowledge and experience, risk capacity and willingness to take risks, and investment horizon.

All terms indicate that you need a lot of financial knowledge. But you don’t have to be a financial expert to invest the way you want. The PostFinance investing blog provides good basic information. If you prefer to meet with experts directly, you can contact the professionals and ask questions if something is not clear during the interview.

By the way, it is possible to invest with very little money: with PostFinance you can invest in a fund savings plan for as little as 20 francs per month. With the fund accumulation plan, you make automatic and regular investments in financial markets, systematically accumulate your fund assets and benefit from the average price effect. The amount and frequency (every six months, once a month, every two months or every three months) can be determined according to your own needs.

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Source : Blick