Published: December 04 2023
Are you a Hungarian living in Budapest and wondering where to invest your savings? In a recent webinar hosted by Bankmonitor, experts discussed the best savings options for different life situations. This article will provide you with key insights from the webinar to help you make informed decisions about your savings.
Building an Emergency Fund during Inflationary Times
One important question addressed in the webinar was where to keep your emergency fund during periods of high inflation. The experts provided suggestions and strategies for protecting the value of your savings.
Choosing Between Forint and Euro Savings
Another topic covered in the webinar was whether to keep your savings in Hungarian forints or euros. The experts discussed the pros and cons of each currency and provided guidance on the best approach based on your financial goals.
Exploring Government Bonds and their Accessibility
If you're interested in government bonds and want to know more about the different options available in Hungary, the webinar provided valuable information. The experts explained the types of government bonds and how you can access them for investment purposes.
Finding the Best Interest Rates for Bank Deposits
For those considering bank deposits as a savings option, the webinar discussed the current interest rates offered by various banks in Budapest. The experts shared tips on finding the best rates and optimizing your returns.
Investment Funds for Beginners
If you're new to investing and want to explore investment funds, the webinar covered this topic as well. The experts provided insights and advice for beginners on getting started with investment funds and building a diversified portfolio.
Investing your savings wisely is crucial for achieving your financial goals. By watching the Bankmonitor webinar, you can gain valuable knowledge and guidance on the best savings options for different situations. Be sure to take advantage of the expertise offered by Bankmonitor advisors if you need further assistance in managing your savings.
Questions & Answers
What was the topic of the webinar held by Bankmonitor? The webinar discussed savings options and how to become a winner in the world of savings in the year 2024.
What will be covered in the third part of the webinar? The third part of the webinar will focus on which savings options are suitable for different life situations.
Where can I find the recording of the webinar? The recording of the webinar can be found in three parts, and the third part specifically covers the topic of savings options. It is recommended to watch the video to get answers to specific questions.
Where should I keep my emergency fund during a high inflation period? The webinar provides information on where to keep your emergency fund during a period of high inflation. It addresses the question of whether to keep it in Hungarian Forint or Euros.
Should I invest in government bonds? The webinar explains what government bonds are and provides information on the different types of bonds available in Hungary.
Which banks offer the highest interest rates on savings accounts? The webinar discusses the current interest rates offered by banks on savings accounts and provides information on which banks have the best rates.
What are investment funds and are they suitable for beginners? The webinar provides an introduction to investment funds and offers advice for beginners who are interested in investing in them.
How should I prepare for my medium and long-term financial goals? The webinar provides guidance on how to prepare for medium and long-term financial goals.
How can I save for a property and accumulate a down payment? The webinar discusses savings options specifically for housing purposes and provides strategies for accumulating a down payment.
What should I consider regarding my retirement situation and retirement savings? The webinar covers the topic of retirement and retirement savings, including the importance of preparing for retirement and the option of retirement savings plans.