High inflation and low interest on savings accounts cause a gradual loss of wealth and you can afford less and less with your savings.
The Oesterreichische Nationalbank (OeNB) has set annual inflation for 2022 at 7.6 percent. Inflation is likely to remain noticeably high in the coming years. Anyone who puts their savings in a savings book or savings account loses massively in purchasing power with hardly any interest. Real interest rates remain clearly negative, as the Agenda Austria chart shows. With 100 euros, after ten years with 4 percent inflation per year, only 67.56 euros in purchasing power is left.
The best way to protect your money from inflation is and remains a long-term investment in equities!
Global equities have posted inflation-adjusted returns of about 5% per annum for the past 118 years. This return was achieved despite numerous crises. This shows that one should not be influenced by short-term market fluctuations and should think in years and not in the short term. Want to know more about investing in shares? There is a service that takes care of your investment together with you.
we from Market Values IF Verlag have been providing support for self-sustainable wealth accumulation in equities for decades. Our publishing house with a wide range of exclusive stock market services supports you in your investment decisions.
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Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
