The financial news does not really reassure you, bad news worse the situation and the financial horizon is more than bleak. In such a climate of sinistrosis, the temptation to liquidate all its accounts and hide the money under his mattress is growing.
For actions, we should not change its strategy, just well calculate its risk tolerance. If you have a low tolerance, stay liquid. By contrast, be more enterprising knowing you can lose money. Some will say that now that the actions cost the least expensive ... ( Finance Information City )
Finally your savings accounts are a priori not in danger through the capital enjoyed by French banks. If you have several more banks, then your savings are well placed.
Investors, how to react to the crisis?
Shares, deposits, life insurance: the answers to key concerns of individuals.
Avoid panic and stand back. That is essentially what all specialists in asset management advice. "Financial markets regularly experiencing severe turbulence, said Emmanuel Narrative, associate director of Heritage Haussmann. In these moments there, we keep our knowledge. That is why we must prevent panic wins the real economy and in particular individuals. "An analysis shared by Christian Chardin Finance Selection:" At the moment, it is important to take some distance to keep its trial capacity. "
What to do with actions?
The sharp drop in global financial markets yesterday once again weighed heavily on the morale of some investors who see their stock portfolio melt. "This is not in crisis needs to change its strategy," says Emmanuel narrative. When you enter the markets, we must determine the amount of exposure, the duration of its investment and its psychological ability to resist storms. For investors who are too exposed to equities, it is best to keep his cool and not sell today at the risk of cash losses. "
For others, the time is ripe to return to the market gradually. "There currently is looking to achieve, certain actions are completely under-valued," said Francois Garnier of HMG Finance, an independent management company. "The share price of Carrefour just reflects its real estate assets, confirms Marc Destagnol Advisor Wealth Management at Heritage Action Council. In this type of market, there are opportunities for investors who do not fear risk and who place over the long term. "
What to do with their savings?
Faced with uncertainty, many customers prefer to remain "fluid". "The current account balances at banks must increase, Christian Chardin analysis. Our customers now place on term accounts, but they are very reluctant for the shares and the funds can attract more euros as well. "Today, it is interesting to file its outstanding at several institutions, advises Emmanuel narrate . This helps reduce the risk in case of bankruptcy of a bank. "
To play the card of security advisers management guide their clients to fund monetary pure, which reproduce exactly the changes in currency rates. The booklets are also regulated investment but safe deposit ceilings are limited to 15,300 euros for the Livret A and 6600 euros for a book sustainable development. "The bond funds in European bonds are investments that help protect against inflation while waiting for better days, concludes Emmanuel narrative.
The accounts are protected?
Individuals have no time for reason to worry. "French banks are strong, they have high capital and the means through difficult times," said the French Banking Federation (FBF). Considered less risky than many of their competitors, because more diversified, some might even benefit from the worsening crisis to grow. Meanwhile, customers are partly protected by the Act of 25 June 1999, their assets are largely covered by the Deposit Guarantee Fund. In case of failure, they are compensated to the tune of 70 000 per applicant (or 140 000 for a joint account) and bank. An amount that covers both the amounts deposited in the current account and investment banking (housing savings plan, term account, account book, book development ...). Multibancarisés customers are even better protected, they have these safeguards in each of their banks. Thus, an investor would have placed 70 000 euros in ten financial institutions could theoretically claim 700 000 euros!
For their savings (ie their stocks, bonds and mutual funds), households have similar guarantees. In principle, the investor is the sole owner of shares and units of mutual funds it made. It should normally be able to recover even in case of bankruptcy of the bank. If this was not the case, the investor could claim compensation 70 000.
The household accounts are guaranteed the same in all banks? Yes with rare exceptions. All French banks, including Bank post, are in fact affiliated to the Deposit Guarantee Fund. The same applies for subsidiaries of foreign banks with headquarters in France (Fortis, HSBC, for example). However, those are only branches of foreign banks are treated differently. Examples of Barclays France whose customers would be compensated by the British system, less generous than our own failure (very unlikely today): 35 000 pounds (about 44 000 euros) for species and 48 000 pounds (60 500 euros) for the titles. In the same way, ING clients would be compensated by the Deposit Guarantee Fund Netherlands, up to 38 000 euros for deposits and 20 000 for the titles.
Life insurance is it safe?
The placement of preferred French remains a priori safer. The crisis should not have immediate consequences on the security of contracts: Most French insurance companies are strong and have reservations suffisantes.Mais the return on euro could suffer a bit. Before the summer, insurers announced 2008 performance similar to those of last year (4.1% on average), they could be slightly below this figure. The media investment unit of account, so shares, suffering from falling markets.
What does the law in case of failure of a bank or insurer? The approximately 12 million holders of life insurance contracts are partially covered by the guarantee insurance companies up to 70 000 euros per contract and insurer. They can enjoy several times that amount if they have placed their savings with several companies. Those who receive a disability pension, disability and the heirs of a contract as a result of death are entitled to 90 000 still under contract and insurer. Moreover, Nicolas Sarkozy assured last week that no "not accept a single applicant lose a single euro".
A booklet, a haven of peace?
Regulated savings product, the Livret A is safe. A booklet that all banks may broadcast from next year is no surprise. Its rate of 4% is the same everywhere, and it is clear, that is exempt from taxes including social security and tax RSA. It can therefore be seen as a haven of peace, but rest for capital or keep waiting for blow.
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