Do you want to grow your savings and plan to make one or more financial investments? Making your money grow requires smart investment and effective wealth management . In order to achieve this, we give you our advice on how to best invest your money in 2023. Whether you are considering a short, medium or longer term strategy, here is the different options available to you.
Need help investing your money?
The first advice we can give you for investing your money in 2023 is to always keep in mind that invested money, unlike personal savings wisely kept in a current account, is not always available at all times. It is therefore important to be precise in your calculations and not to commit the money you need for your regular expenses. It’s also best to keep a small amount aside, available at all times, to deal with unforeseen financial setbacks. To do this, savings contracts such as the Livret A allow you to store your money in complete safety, while keeping it available when needed. However, it is not essential to keep all your savings on hand.
Our advice for investing your money in the short, medium and long term
At first glance, this may seem attractive, but a visible return from one week of investment is not without risk. You have to know how to dare and not be afraid of losing, sometimes, large sums . The culprit is the calculation of interest every fortnight. This is done in almost all banks on taxable or non-taxable passbooks, which multiplies management costs quite quickly and lowers the immediate profitability of investments. Accounts offering a yearly rate of return are not attractive if you want to grow your money in just a few days. It would then be necessary to turn to products offering daily interest. And as much to say that they are very fewon the market, and very often capped at sums of only a few thousand euros, the interest on which is taxed and subject to social security contributions.
Investing in the stock market and cryptocurrency
The advantage of placing your money on the stock market is that it can be very profitable , and very quickly . You still need to know where to place your marbles to take full advantage of the potential of a stock market session. Earning a lot in a short time is sometimes possible, but it still requires solid financial knowledge , unfailing composure and the patience of a lion. Because investing in the stock market is complicated and unpredictable . Risk taking is almost inevitable.
This is why we often only find seasoned investors, who also invest for the long term and are familiar with the various functionings of the stock markets, or who are accompanied by professionals.
For safe investment, the Livret A and the LDDS (sustainable and solidarity development booklet) are products known and already adopted by savers. The money saved can be withdrawn at any time on simple request and the two can be combined once one of the contracts has reached its maximum savings.
Medium term: one month, the minimum time to wait
For safe investment, the Livret A and the LDDS (sustainable and solidarity development booklet) are products known and already adopted by savers. The money saved can be withdrawn at any time on simple request and the two can be combined once one of the contracts has reached its maximum savings
