Which book to choose to put your cash?
What is your point of view, the first step to put your finances in order? The correct answer: You set up a fund to care equivalent to approximately 6 months of expenses. This money must be placed on a secure financial product allowing you to recover your money over night if necessary. The books are among the most suitable and accessible for this target. Last February I presented to you in an article in the list of best books to find that little had changed since the previous rankings. A booklet being distributed by all banks in recent months, the situation changed? What book do you choose for your fund as a precaution you the highest possible? This is it worth the cost to change the book regularly to enjoy the best offer at the moment?
A booklet offering money cash placerUn comparator which assists working. William, PlusRiches.fr player, created a site comparing the books of banks: In my classification of books, I thought at first that the gain of promotional offers not worth the cost of you bother to change booklet regularly. The advantage of this new site is that it calculates exactly how much each will earn you a booklet on the market depending on the amount you have to place. It provides you at a glance the ranking of the tenders with all the necessary data such as rate of return, the ceiling of filing, the deadline for the offer …
Choosing the right book can tell you 50% more. The calculation with the new offers on the market shows that some books may tell you 50% more a year on a basis of a booklet. If you put 15 600 euros, for example, which is the maximum allowed on a livret A, the supply of Savings of Young Monabanq bring you at this time 403.66 euros on a year against 268.91 euros for a livret A “basic”. What do you think. If every year you put your money on a book that earns you 50% more than the book basis, after twenty years, by reinvesting your profits, you have 24 343 euros instead of 21 011 euros. With the assumption that the rate of the Livret A, currently only 1.5%, not moving. More than the real gain, relatively low at present, the percentage of additional gain, which is very interesting. And if the book rose to 3% in a few years and you find easily a tender offer of 6%?
A high rate does not guarantee a high gain over time. What also surprised me by comparing the offers on this site is an enormous product offering a yield less interesting than the book A. The majority of the book offers a complementary, to use once you’ve exceeded the maximum payment. In fact only a dozen offers on the hundred on the site offers a performance more interesting than the livret A “basic” in one year. A full year seems to me the correct time. Some products have rates of 7% gross, but they are valid only 3 months. In one year, this product is often less interesting than another product with a lower rate. The big advantage is that it eliminates all the tedious calculations required if you wish to compare the different offers at the moment.
One suggestion for improvement. If I had a suggestion to make would be to specify the population to which each bid is intended. For example, the booklet offers the best performance now, the Savings of Young Monabanq, is accessible only if you are between 12 and 25 years. It is not clear in the details of the offer. In an ideal situation I would be able to seize upon the place that I do not have between 12 and 25 years. Offers for young people do not then I would be presented.
Have you set up your cash precaution? Have you put on a more interesting than the Livret A? Did you think that some books you could bring as much compared to a simple Livret A? Do you think that change every year for the most successful book is a good strategy?