World Savings Day: The good old piggy bank has (almost) had its day

A long journey, a car or your own house... everybody has dreams

The easiest way to fulfill your dreams or build a fortune is to save. For this reason, there is a World Savings Day every year at the end of October. In the past, children and young people queued up at the Volksbanks and savings banks to empty their piggy banks and pay their savings into the savings book. As a reward, there was not only interest, but also small gifts.

Times have changed. On the passbook there is no more interest at the house bank in the meantime. Fortunately there are attractive, modern alternatives to the classical saving methods in the meantime. Already starting from a savings contribution of 10 € in the month the new generation can invest its money in unit trust fund. The selection is large. Depending on the savings goal and your own need for security, you have the option of investing in shares, international bonds or in secure, national government bonds. There is something for everyone.

You don't need to invest a lot of time or have a lot of expertise to do so. The personal GELDPILOT24 advisor takes care of that.

Early practice

In order to save a small fortune, time is the most important influencing factor besides a high yield. The longer you save, the stronger the growth. This is due to the so-called compound interest effect. The longer the money is left lying around, the greater the proportion that is added by interest. And interest is paid on this share. If one puts 100 € with an interest rate of 5% aside, one has 162.89 € after 10 years. After another 10 years you have over 265 € and after 30 years you have over 430 €.

Where to take from, if not steal

Even with small amounts you can achieve a lot. Nevertheless, many people find it difficult to set aside even small amounts every month. It has never been easier to start saving than 2021. At the beginning of next year, almost all employees will no longer have to pay the solidarity contribution. Instead of spending the additional 50, 80 or even 100 € on consumption, it would be a good idea to set aside a good part of it for the realization of really big dreams. And the good thing about it is that you will still have no less in your wallet in 2021 than you have now.

Friday For Future in your stocking

Everyone is talking about sustainability. Of course, this important development has already arrived in the financial world. More and more investment funds are ensuring that investors' money is not invested in fossil fuels, armaments or nuclear energy. Today it is easy to generate good, clean returns. Taking a close look is important. Many managers take the easy way and are not quite as strict with sustainability. Then a company that generates "only" 5% of its sales with armaments suddenly becomes eco-friendly. With a turnover of 10 billion € this would be up to 500 million €.

We stand at the side of our customers

The investment experts of GELDPILOT24 can help to give the money from the piggy bank the correct direction. Our consultants are independent brokers. We do not have to consider the interests of banks or insurance companies in our advice, but are on the side of our customers.

Our investment experts, including former fund managers, regularly analyze the investment market. In doing so, we not only find the financially most attractive investment opportunities for every security need, but we also take a close look at the quality of sustainable funds. Some of our experts have been working on this topic for almost 20 years, so they are pioneers in this field.

What do you have to do?

We name you a GELDPILOT24 partner in your area. Or you can use an eStore partner you know and have your situation checked via eCheck. It has never been easier. Via our eStores, cool eTools and of course modern video technology we are present all over Germany.