Your savings account as a tomb of your rate of return and which alternatives do you have to implement
monetary security of your investments?
My name is Thorsten Wittmann, I welcome you to today's tip-edition of Fascination Freedom. Today I am
in Amsterdam.
We will talk about a very fascinating topic and will straighten up two myths, which are told
by banks, insurance companies and politics and a very important
topic monetary security.
That savings account are obsolete and that there is no real alternative to build up financial freedom
is something we already know. But how are we able to implement that?
How are we able to realize monetary security in practice?
First of all, I want to straighten up the myth number one:
there is no secure investment.
Sounds strange, but that's what it is!
And I tell you what I'd like to say with that.
Let's talk about the savings account, which is meant to be a save investment.
During the last century for example, we've seen that German savers experienced
great losses three times during monetary reforms or big inflations and partly
lost their complete balance. You have to understand that
investments go through certain cycles.
If you buy stocks in a certain time, it could work very, very well,
then you will say, great, stocks are a great investment. But for example
around the year 2000 many investors lost a lot of money
and cursed about the stocks and didn't consider them a good investment.
And there you can see it depends on the timing.
Precious metal is a very, very good investment during times of crises, but sometimes
partly during decades it was a bad investment. And this is true for more or less
all investments.
Even a real estate can sometimes be a bad investment and not useful
in certain scenarios.
The topic forced mortgage, expropriation and similar topic can
come up here.
So it highly depends on cycles, when do you invest in investments
and if you invest, you cannot implement a true security.
So the question is how are we able to implement security regarding investments
and this is a principle you know but most people implement it in the wrong way
and it is diversification. What is a real diversification?
Most people cannot answer that and believe for example as our myth number 2,
that if you have a building loan contract and 3 life insurances
and also 2 bank credit balances that you have a true diversification. Maybe you have
a few stocks and think that you investments are well and usually
diversified but in this constellation for example
you are just using one area - the area monetary investments and well...the way the
euro was created, it can be eliminated again and by
inflation, monetary reforms and things like this, what we can generally see every
two generations on average and what banks, insurances and politicians don't tell, because
they are exactly those people who benefit of those monetary changes. Even during inflations
there is always the other side. The winners - banks and insurances - aren't
our friends.
That's something you always have to understand.
They are the counterpart off us normal citizens and you should be very
sceptical when they give your recommendations and be careful.
So how do I diversify correctly? You should
use participations, you should use
precious metals, real estate and also monetary investments, we can
use diamonds or art, those are all possibilities
of which a lot of people don't think of. You can use foreign currencies - that means currencies outside the Euro-system.
The euro, I mean we have not have it for so long and in the meantime
half of the euro-states are bankrupt.
This isn't really healthy what is happening here and you should look at it with a bit of skepticism
as you cannot foresee the future
and bigger losses could happen again.
You can also invest in agriculture, in farmland, there are many different
possibilities and this way you can implement real security and diversification and
you have to understand that and if you want to learn more about that we offer a premium course program
during which we show providers of those different areas that were chosen with a lot of care and
are investments I use myself.
So click below the video and have a closer look
if that's exactly your topic at the moment.
I look forward to see you next week at the "Financial Free Congress",
as I will participate as a speaker there.
We will have more time there to talk about those topics and how we
are able to reach financial freedom with those strategies.
I look forward to see you there.
You can also click below the video, enter there and then we have
a bit more time for our presentation.
Please feel free to share and like this video, so a lot of more people get to know about that,
because many people believe in those myths of banks, insurances and politicians.
So it is important that our community provides information.
Please subscribe to our Youtube-Channel.
I see you again next Friday for the next edition of Fascination Freedom.
I look forward to seeing you.
Live your financial freedom.
Yours, Thorsten Wittmann
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