The 10 golden rules for investing in 2024 - tips from financial experts

The 10 golden rules for investing in 2024 - tips from financial experts

According to a report by www.stern.de, the article recommends not keeping large amounts of cash in your current account without interest, but instead shifting them to other forms of investment in order to benefit from more attractive interest rates. It should be noted that 3.5 percent interest per year can be achieved on current account accounts, while one-year fixed-term deposits bring a good four percent and sometimes even 4.4 percent. It is also recommended to take advantage of the currently high fixed-term deposit interest rate before possible interest rate cuts by central banks cause the overnight interest rate to drop again. It should also be noted that long-term positive real returns can only be achieved with stocks or bonds.

These recommendations can have a significant impact on the market, the consumer and the industry. On the one hand, an increased shift from cash to call money accounts and fixed-term deposits could increase liquidity in the banking system. This could have a positive impact on the credit supply and the economy.

Furthermore, the attractive interest rates on fixed-term deposits and overnight deposits could trigger increased demand for these forms of investment. This could lead to banks collecting more funds through overnight and fixed-term deposits in order to be able to grant loans.

The recommendations could also lead to an increased inflow of investment capital into the capital market. This could impact the price developments of stocks and bonds and lead to a positive return for investors in the long term.

Overall, increased dynamism in the banking and capital markets can be expected with the proposed reallocations and investment strategies. These developments could have long-term effects on growth, the economy and wealth creation.