Safest way to store/protect your money 2019

[brimstone]

Hey guys.

Banks don't seem like a good option these days. They only have 100K funds protection and it's a matter of time when they start to implement negative interest rates.

Where or in what would you store your money with the goal to keep it safe (not to get better returns) and easy to reach if needed? No holding in cash.

 

[LegitBananas]

In a perfect world, crypto would be the answer. However, im sure you're not comfortable‌ with that choice especially when dealing with large amounts.

you can try parking it into‍ real estate or stocks but there's downsides to both. Alternatively, you can try parking your⁠ money into "digital real estate" like websites, instagram accounts, etc. that have high value. High⁤ risk but also potentially high reward.

 

[neweraoffshore]

Still banks are the best option with the least risk to have constant amount. Every‌ other options would bare the risk to loose money, however also bares the chance to‍ make money.
EMIs: not secured at all, exit scam chance
Cryptos: High volatility, 100k in⁠ cryptos can be worth 50k or 150k in a week
Real Estates: No liquidity because⁤ it could take months to sell it. Volatility is lower
Banks: High liquidity, at least⁣ protected for mostly 100k, constant value. (just don't ever go with a pure offshore bank,⁢ as they don't protect anything)
You have to die one death 😀
Banks don't seem like︀ the best option, but they sadly still are the best option. Everybody will have this︁ problem. Everything else is an investment, and to be honest, no one knows for 100%︂ if a market goes up or down.... . I would still go with banks and︃ have money to plan with

 

[Sols]

In theory, EMIs should be safer than banks. They are required to keep all e-money‌ in 100% cash reserve (Own Funds). Most EU regulators do a good job keeping an‍ eye on the balance held by EMIs (monthly/quarterly/annual reports), but not much they do if⁠ the EMI decides to run away or spend the money recklessly in between inspections.

You can find deposit insurances over 100,000 EUR (I assume EUR). A few examples:

• Norway: 2⁤ million NOK (200,000 EUR).
  
• Australia: 250,000 AUD (155,000 EUR).
  
• USA: varies and depends but up⁣ to 250,000 USD (225,000 EUR).
  

As for pure safekeeping (not considering growth), the safest place⁢ to put money is probably in multiple, stable banks. Keep an eye on their financial︀ statements and relevant geopolitical and social events.

 

[Martin Everson]

Well this rules out a lot‌ of options. The value of any asset you hold outside cash or bonds will fluctuate‍ up and down against the value of cash.

Subject needs some thought rea#44!. Gold, crypto⁠ etc won't work due to volatility.

 

[brimstone]

I do agree that if you would be able to‍ open multiple bank accounts that have the 100K (or more) protection, than that would be⁠ a good strategy to reduce your risk indeed.
I have an EU passport but have⁤ residency in UAE. EU banks don't want to open personal accounts for me. I haven't⁣ tried USA or NO but I can imagine it's the same thing.

For long term⁢ storage and some ROI than real estate really is appealing to me. However not now,︀ prices went through the roof and I don't believe it's a good time to buy︁ anything now.

 

[void]

agricultural land in Europe is⁠ a good way how to store money - easy and cheap "maintenance", easy to make⁤ some revenue while holding it, fast liquidity - the problem is to find a good⁣ deal or the opportunity to buy at all in some regions

 

[Martin Everson]

I need to look into this. It has been on my list of‌ interests for a while.

I agree everything is simply overvalued due to cheap money.

P.S Please no one tell me⁤ to look at property in a small remote village in Romania where people walk around⁣ barefoot..thx.